LAN believes it has passed the worst of the crisis

Written by thomas · Filed Under Commercial 

September 10, 2009

thomas

Enrique Cueto, CEO of the Chilean “model airline” announced that the worst of the crisis is now over, but obviously it is still subject to potential problems due to the H1N1 crisis in the northern hemisphere. The “model airline” reported $69.2 million net income in the first six months, down 57% from the same period last year. It is maintaining its forecast for growth of 10% in 2009 and is keeping its plan to invest $1.4 billion in new aircraft, including the two B777F which have already been received.

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