LAN profits down nearly a third in 2009

CHILE’S main carrier LAN recorded a fall in net profit of 31 per cent to US$231 million in 2009. Profits for the fourth quarter was up 17.6 per cent to $109 million compared to $93 million the year before when the industry slump was at its worst.Revenues fell 14.7 per cent for the year to $3.6 billion from $4.2 billion in 2008. This drop improved slightly in the fourth quarter but it was still four per cent down from 2008 to $1 billion.Cargo revenues were down 10.7 per cent, accounting for 26 per cent of LAN’s total revenues during the last quarter.

Share this story

Related Topics

Latest news

Leipzig/Halle bucks the trend with fifteenth year of cargo growth

By Rachelle Harry

Leipzig/Halle Airport has increased its cargo volumes for the fifteenth consecutive year and more than tenfold since 2007. In 2019,…

Read More

Share this story

CSafe Global launches San Juan facility

By Rachelle Harry

Temperature-controlled container company CSafe Global has launched a new service centre facility in pharma hub San Juan, Puerto Rico. At…

Read More

Share this story

Schiphol sees cargo volumes slide on fewer freighters and tough market

By Damian Brett

Schiphol saw its cargo traffic drop last year as reduced freighter flights and weaker market conditions took their toll. Total…

Read More

Share this story