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LAN Airlines Expects 3Q Profits To Top $103M  
User currently offlineSCL767 From Chile, joined Feb 2006, 8862 posts, RR: 5
Posted (4 years 1 month 4 days 7 hours ago) and read 3396 times:

LAN Airlines S.A. expects that its 3Q net income has nearly doubled to $103 million, as compared to $52 million in the same year-ago period.

Link in Spanish: http://www.americaeconomia.com/negoc...en-el-tercer-trimestre-de-este-ano

This is due to international capacity expansion mainly driven by the increase in operations on routes to Europe and the United States, as well as certain regional and domestic routes. During the past few months, LAN Airlines and its affiliates launched new routes to Brasília, Paris, San Francisco, and Baltra, Galápagos. LAN also increased flights into MAD and LAX. Cargo traffic also increased dramatically due to the recovery in imports to Latin America driven by Brazil and the increased operations to Europe with the B777 freighter fleet. This past June, LAN Cargo launched domestic cargo operations in Brazil to Recife and Fortaleza through its Brazilian cargo affiliate ABSA. ABSA recently received another Boeing 767-300F to complement its growing fleet. As the leader of the Brazilian airfreight market, ABSA Cargo Airlines recorded a high occupancy ratio on its flights with around 96%.

This month also marks a historic moment for LAN Airlines as the carrier celebrated the arrival of its 100th aircraft, which is part of an order for more than 90 a/c that LAN and its affiliates will receive from Airbus. These new a/c will be gradually incorporated into LAN's fleet through 2016. The arrival of aircraft 100, (an A320) comes at a time of unprecedented growth and development for LAN Airlines, as it positions itself as one of the world's leading airlines. By incorporating new a/c into the fleet, LAN will be able to strengthen its flight schedules within South America, especially on domestic routes operated by LAN Airlines or its affiliates in Argentina, Peru, Ecuador and Chile. It will also enable LAN to launch a new affiliate in the region. LAN Airlines also has 32 B787s on order, two of which will join the fleet next year; along with 3 new B767-316ERs. LAN Airlines S.A. will be the first carrier in the western hemisphere to operate the B787.

http://www.lan.com/en_us/sitio_perso..._us/prensa/20101018_avion_100.html

Congratulations LAN on achieving yet another profitable quarter and on the arrival of aircraft 100!

[Edited 2010-10-24 12:59:10]

7 replies: All unread, jump to last
 
User currently offlineskyone From Mexico, joined Feb 2001, 438 posts, RR: 0
Reply 1, posted (4 years 1 month 4 days 2 hours ago) and read 3264 times:

Fantastic News!!! Great to hear LAN is doing amazing. they have a great business model, great product and great service. Love those 767s with PTV´s.

User currently offlineSCL767 From Chile, joined Feb 2006, 8862 posts, RR: 5
Reply 2, posted (4 years 1 month 2 days 2 hours ago) and read 3002 times:

Today, LAN Airlines S.A. reported that the carrier's 3Q net income soared to 106.2 million USD.

http://www.emol.com/noticias/economi...tallenoticias.asp?idnoticia=443701

The expansion of LAN's passenger business continues to grow. LAN will soon add four new routes at the LIM hub: LIM-IGU, LIM-IPC, LIM-MVD, and LIM-ROS. Also, LAN will soon operate SCL-MIA-SCL 10x weekly year-round, and early next February, LAN Airlines will increase frequency on the SCL-MAD route to 12x weekly.


User currently offlineSJOtoLIR From Costa Rica, joined Jul 2007, 4592 posts, RR: 4
Reply 3, posted (4 years 1 month 1 day 9 hours ago) and read 2859 times:

Quoting SCL767 (Thread starter):
This is due to international capacity expansion mainly driven by the increase in operations on routes to Europe and the United States

Based on the posts I've read before, LP LIM-SFO is running successfully.
It seems like those flights linking California and Lima are having healthy results and this arrangement may be better than the existence of dedicated flights into LAX-SCL or LAX-GRU, for instance.

Regards.



"Goin' up to the spirit in the sky"
User currently offlineLipeGIG From Brazil, joined May 2005, 11458 posts, RR: 58
Reply 4, posted (4 years 1 month 1 day 9 hours ago) and read 2837 times:
AIRLINERS.NET CREW
FORUM MODERATOR

Quoting SCL767 (Reply 2):
Today, LAN Airlines S.A. reported that the carrier's 3Q net income soared to 106.2 million USD.

LA just show that their business model, based on many hubs, is just the most profitable in Latin America, and this makes me very happy. It seems that the airlines that uses such model are all enjoying very nice results (DL, AA, UA, US, LH for example).

As a small note, next saturday it will be my first LAN flight on their premium business  



New York + Rio de Janeiro = One of the best combinations !
User currently offlineSCL767 From Chile, joined Feb 2006, 8862 posts, RR: 5
Reply 5, posted (4 years 1 month 1 day 5 hours ago) and read 2784 times:

Quoting SJOtoLIR (Reply 3):
Based on the posts I've read before, LP LIM-SFO is running successfully.

Indeed, LP will increase frequency on this route next year. Many pax traveling between South America and HKG and NRT use this service, which originates at GRU.

Quoting SJOtoLIR (Reply 3):
It seems like those flights linking California and Lima are having healthy results and this arrangement may be better than the existence of dedicated flights into LAX-SCL or LAX-GRU, for instance.

Currently, LAN does not fly either of those routes. All flights to LAX are routed via the LIM hub. However, LA will operate SCL-LAX-SCL 2x weekly during December and January due to high demand.

Quoting LipeGIG (Reply 4):
Quoting SCL767 (Reply 2):
Today, LAN Airlines S.A. reported that the carrier's 3Q net income soared to 106.2 million USD.

LA just show that their business model, based on many hubs, is just the most profitable in Latin America, and this makes me very happy. It seems that the airlines that uses such model are all enjoying very nice results (DL, AA, UA, US, LH for example).

The airline industry as a whole is seeing a strong recovery in pax numbers. In Chile alone, last month's pax numbers increased by 20 percent as compared to the same month last year. LAN maintains that it will exceed its expectation for passenger ASK growth of approximately 10% in 2010 and between 15% and 17% for 2011, mainly driven by the net delivery of 28 passenger aircraft. During the fourth quarter, LAN will receive 5 more A320 family aircraft. Next year, LAN expects to receive 18 Airbus A320 family aircraft to operate domestic and regional routes, as well as 3 Boeing 767-316ER and the company's first 2 Boeing 787-8 Dreamliners for long-haul routes.


User currently offlineSJOtoLIR From Costa Rica, joined Jul 2007, 4592 posts, RR: 4
Reply 6, posted (4 years 1 month 1 day 4 hours ago) and read 2744 times:

Quoting SCL767 (Reply 5):
Currently, LAN does not fly either of those routes. All flights to LAX are routed via the LIM hub. However, LA will operate SCL-LAX-SCL 2x weekly during December and January due to high demand.

I posted those routes only as a reference. My last sentence clearly indicated them as an example.
For illustrative purposes, DL LAX-GRU 3x weekly was ceased, but LAN LAX-LIM 7x weekly is doing well and probably this flight is loaded with passengers towards several destinations placed in deep South America.

Regards.



"Goin' up to the spirit in the sky"
User currently offlineSCL767 From Chile, joined Feb 2006, 8862 posts, RR: 5
Reply 7, posted (4 years 1 month 1 day 4 hours ago) and read 2739 times:

Quoting SJOtoLIR (Reply 6):
For illustrative purposes, DL LAX-GRU 3x weekly was ceased, but LAN LAX-LIM 7x weekly is doing well and probably this flight is loaded with passengers towards several destinations placed in deep South America.
DL was competing with KE on the LAX-GRU sector. KE still continues to operate ICN-LAX-GRU 3x weekly (B772). LA operates SCL-LIM-LAX daily, (AA and CX code-share with LA on this route), and LP operates EZE-LIM-LAX 4x weekly. LAN Cargo also operates between LAX and VCP via PTY.

[Edited 2010-10-27 14:47:37]

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