Tag Archives: 3319

LATAM Airlines Group’s 2013 operating profit increases by 605% to $643.9 million

LATAM Airlines Group (LAN Airlines and TAM Airlines) (Santiago) reported operating income of $234.9 million (US) for fourth quarter 2013, a 166% increase compared to the $88.3 million (US) operating income in fourth quarter 2012. Operating margin reached 6.9%, an increase of 4.4 points compared to 2.5% in 2012. This strong expansion in margins was driven by significant improvement in the financial results of the domestic Brazil operations and the rationalization of international passenger operations, as well as the continued progress of the integration process, synergy and efficiency initiatives.
During the fourth quarter of the year, and in line with the capacity cuts we had anticipated, we strongly decreased our total capacity as measured in ASKs by 4.5% as compared to the same period in 2012. This capacity rationalization was mainly a result of a strong decrease in capacity in our international network, which decreased by 6.5% as compared to the same period in 2012; and the continued rationalization of our domestic Brazil operations.
For full year 2013, LATAM reported operating income of $643.9 million (US), a 605% increase compared to the $91.4 million (US) in full year 2012 (pro forma). Operating margin reached 4.9% an increase of 4.2 points compared to 0.7% in 2012, in line with the guidance provided by the Company.

Read the full report: CLICK HERE

Top Copyright Photo: Alvaro Romero/AirlinersGallery.com. Airbus A320-233 CC-CQN (msn 3319) of Lan Airlines (Chile) arrives at Aeroparque (Jorge Newbery) (AEP) in downtown Buenos Aires.

LAN Airlines: AG Slide Show

TAM Airlines: AG Slide Show

Bottom Copyright Photo: Alvaro Romero/AirlinersGallery.com. Airbus A320-232 PR-MBH (msn 2904) taxies at Buenos Aires downtown airport, Aeroparque (Jorge Newbery).

 

 

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LAN Colombia joins Oneworld, TAM to join on March 31, 2014

LAN Colombia (formerly AIRES Colombia) (Bogota) yesterday (October 1) joined the oneworld® alliance.

 

LAN Colombia, a company related to LATAM Airlines Group SA (LAN Airlines), has entered oneworld as an affiliate member.   LAN Airlines has been a full member of oneworld since 2000.  All its other passenger airline affiliates have subsequently joined the alliance as affiliate members – LAN Argentina, LAN Ecuador, LAN Peru and, from today, LAN Colombia – and, it was announced today, TAM will enter oneworld on 31 March 2014 with its Paraguayan affiliate to follow on a date yet to be confirmed.
This will bring all of the components of Latin America’s leading airline group into the world’s leading quality airline alliance, building on oneworld’s position as the first choice airline alliance for frequent international travelers within South America and worldwide.
LAN Colombia was welcomed into oneworld at a ceremony this morning at its Bogota base hosted by LAN Colombia’s Chairman Nicolás Cortázar, its Executive Director Hernán Pasman and its Corporate Director Maria Lara, with oneworld CEO Bruce Ashby, flying in from his New York base, LATAM Vice-President Strategic Alliances Soledad Berrios, from LAN Airlines’ Santiago head office, and senior representatives from the other oneworld airlines serving Colombia, led by American Airlines Managing Director Alliances Latin America Eduardo Marcos, from its Dallas-Fort Worth head office, and Iberia Country Manager María Consuelo Sánchez.
LAN Colombia’s Chairman, Nicolás Cortázar, said: “LAN Colombia is very proud to have joined oneworld.  For our company, it represents a significant milestone.  For our country, it significantly improves our access to the rest of the world, helping attract more business visitors and tourists, enabling Colombians to reach more of the world’s most important business centres worldwide and making it easier to travel the world from any of the destinations we serve throughout Colombia.”
Since its launch in December 2011, LAN Colombia has quickly established itself as the second biggest airline in South America’s second largest economy.  In total, it serves 24 airports in four countries with a fleet of 24 aircraft operating 130 departures a day.  It boarded 3.7 million passengers in 2012.
TAM Airlines (TAM Linhas Aereas) (Sao Paulo), a company related to LATAM Airlines Group, will join oneworld® with effect from March 31, 2014, adding the leading carrier in Brazil – Latin America’s biggest economy and largest market for air travel demand – to the world’s leading quality global airline alliance.
TAM’s entry into oneworld with effect from the first flights on March 31, 2014 will follow immediately upon its exit from the Star Alliance with effect from the final flights on March 30, 2014.
TAM serves 60 destinations in 16 countries in Latin America, the USA and Europe, with a fleet of 161 aircraft operating 800 departures daily.  It boarded 38 million passengers in 2012.
Three of oneworld’s existing members – American, Iberia and LAN – already serve three destinations in Colombia, in Bogota, Cali and Medellin.   LAN Colombia expands that to a total of 21 Colombian gateways.
Across South America, oneworld’s established member airlines already serve 71 destinations in 11 countries.  LAN Colombia and TAM add another 56 airports in the region to that network – with LAN Colombia bringing 18 airports on board and TAM.
Worldwide, with LAN Colombia, TAM and the other airlines lining up to join, oneworld will:
  • Serve almost a thousand airports in more than 150 countries, with 14,000 daily departures.
  • Carry 480 million passengers a year on a combined fleet of more than 3,200 aircraft.
  • Generate US$ 140 billion annual revenues.
The addition of LAN Colombia  and TAM from March 31, 2014 represents a cornerstone of oneworld’s biggest membership expansion yet.  Other elements elsewhere in the world include:
  • The addition of Malaysia Airlines, one of this industry’s most frequent award winners, six months ago, further strengthening oneworld’s position in South East Asia, one of the fastest growing regions for air travel demand.
  • The induction on October 30, 2013 of Qatar Airways, the only one of the “Gulf Big Three” carriers slated to join any of the global airline alliances and one of the world’s fastest growing and most highly rated airlines.  This will make oneworld the leading alliance in the Middle East, one of the world’s fastest growing regions for air travel demand.
  • The introduction early next year of SriLankan Airlines, as the first airline from the Indian subcontinent to join any global alliance, which, with Qatar Airways, will make oneworld the leading alliance in the region.
  • The proposed switch by US Airways from Star to oneworld as part of its planned merger with American Airlines, subject to necessary approvals.

 

Copyright Photo: Brian McDonough/AirlinersGallery.com. LAN Colombia’ Airbus A320-233 CC-CQN (msn 3319) prepares to land at Miami.