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

AirBridgeCargo extends handling partnership with Frankfurt Cargo Services

AirBridgeCargo Airlines (ABC) has renewed its cargo handling contract at Frankfurt/Main Airport with Frankfurt Cargo Services (FCS). FCS, a subsidiary…

Read More

Share this story

Navia finds Keys to expanding its network and offering

Melbourne-headquartered Navia has extended its Australian network with the purchase of Perth-based Keys Freight and Logistics. Logistics company Navia now has…

Read More

Share this story

time:matters offers first and last mile carbon offsetting on German rail network

Time critical logistics firm time:matters is adding carbon emissions offsetting to the first and last mile of its ic:kurier shipments…

Read More

Share this story