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The “Model Airlines” continue to report profit in Q1

Written by thomas · Filed Under Commercial 

May 20, 2010

thomas

According to an article in the May 17 issue of Airline Weekly – one of our favorite sources for up to the minute news – Latin America’s “model airlines” report Q1 financial results which continue to lead not just the region, but the world, in terms of profitability. The four “model airlines” Q1 results are as follows:

Airline           Revenue        Op Profit        Net margin     Net profit*     Net margin

TAM             $1,447 mil      $53 mil 3.7%            $ 15 mil           2.0%

GOL              $   961             $107                   11.1%           $  46              4.8%

LAN              $1,035          $143             13.8%           $  88              8.5%

Copa             $   335                   $  71            21.2%           $  57            17.0%

* excluding special items

The four are also recording significant growth in their shares on the New York Stock Exchange. The fact is these are really the “model airlines”, not just in the region but in the world. Copa has the highest net operating margin in the business, with a 21.2% margin in the quarter – as well as in 2009.

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