LATAM posts US$94m Q1 net profit on passenger, cargo rebound
LATAM Airlines Group posted a US$94m net profit for Q1 of 2018, up 43.2% compared to Q1 2017’s $66m net income, driven by a 50% year-over-year rise in operating income. The company said the operating income was boosted by unit revenue and capacity growth across LATAM’s passenger and cargo business. LATAM’s Q1 operating margin was 8.4%, up 2.2 points YOY, as operating income reached $228.5m, compared to $152.3m in Q1 2017. Total operating revenue increased 10.2% YOY to $2.7b as the company reported increased traffic and yields across all its passenger markets. Passenger RASK increased 7% YOY while passenger capacity rose 2.3%. Yield increased 6.2%. LATAM’s consolidated Q1 expenses were up 7.6% to $2.5b, largely driven by a 20.6% rise in fuel costs YOY. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-05-11/oneworld/latam-posts-us-94m-q1-net-profit-on-passenger-cargo-rebound
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LATAM posts US$94m Q1 net profit on passenger, cargo rebound
LATAM Airlines Group posted a US$94m net profit for Q1 of 2018, up 43.2% compared to Q1 2017’s $66m net income, driven by a 50% year-over-year rise in operating income. The company said the operating income was boosted by unit revenue and capacity growth across LATAM’s passenger and cargo business. LATAM’s Q1 operating margin was 8.4%, up 2.2 points YOY, as operating income reached $228.5m, compared to $152.3m in Q1 2017. Total operating revenue increased 10.2% YOY to $2.7b as the company reported increased traffic and yields across all its passenger markets. Passenger RASK increased 7% YOY while passenger capacity rose 2.3%. Yield increased 6.2%. LATAM’s consolidated Q1 expenses were up 7.6% to $2.5b, largely driven by a 20.6% rise in fuel costs YOY. <br/>
