Lan grows profits 7.4%

Profits of US$138.3mil have been posted by Lan Airlines of Chile for the first half of 2008, 7.4% improvement over the same period in 2007. Its flights have boasted high occupancy rates with demand strong across all its markets, both for cargo and for passengers.

Lan's operating income rose 34% to total US$2.15bil (passenger-based revenues rising 32.3%, cargo, 41%, and other items, 8%). Lan states that its operating costs rose 39.5% to total US$1.982bil by June 30, 2008, with the fuel rise being one of 77.8% to US$314.2mil.

Publication: SABI - Business News
Provider: South American Business Information
Date: August 2, 2008