LAN Airlines records a third quarter net profit of $94.5 million

LAN Airlines (Chile) (Santiago) reported net income of $94.5 million in third quarter 2011, a decrease of 11.0% compared to the $106.2 million reported in third quarter 2010.

According to the airline, “results this quarter were driven by solid traffic growth, reflected in strong yields and load factors in both the passenger and cargo businesses. This was partially offset by the continued impact of the startup of LAN’s operations in Colombia as well as, at a non-operating level, exchange rate differences resulting from the depreciation of local currencies.”

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Copyright Photo: Alvaro Romero.