LAN AIRLINES REPORTS 2Q NET INCOME OF US$47.2 MILLION
Written by thomas · Filed Under CommercialJuly 31, 2008
LAN reported net income of US$47.2 million for the second quarter 2008, a 10.7% increase compared to net income of US$42.6 in the second quarter 2007. The carrier reported operating income of US$43.8 million compared to US$59.3 million in the second quarter of 2007, resulting in a 3.6 percentage point decrease in operating margin from 7.7% to 4.1%. This decrease was mainly the result of higher fuel prices. Total revenues for the second quarter 2008 reached US$1,072.4 million compared to revenues of US$772.9 million in the second quarter of 2007 due to a 36.2% increase in passenger revenues, a 49.0% increase in cargo revenues, while other revenues decreased 5.4%. Passenger and cargo revenues accounted for 58% and 39% of total revenues, respectively, in the second quarter 2008.
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