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Chilean carrier LAN continues to grow despite a challenging environment. Is Colombia next for the successful airline?

BY GIDEON LONG

SANTIAGO  —  When LAN Airlines publishes its third quarter results this month, no one should be too surprised if the figures look healthy. 

Despite a challenging environment and recent sky-high fuel prices, the Chilean carrier has consistently proved itself adept at riding out the turbulence that has sent some of its competitors into tailspin. 

In the second quarter of this year (and despite an oil price which touched $140 a barrel), LAN posted revenue growth of 38.8 percent compared to a year earlier. In the same quarter, its net profit grew 10.7 percent. 

Last month, LAN carried 12.3 percent more passengers than in the same month a year earlier. The airlines load factor – the percentage of its seats it filled – was an impressively efficient 76.9 percent.

MODEL AIRLINE

“They are definitely the number one ‘model airline’ in Latin America,” says Bob Booth, chairman of U.S.-based consultancy AvGroup, who says...



Keywords: Argentina, Calyon, Cargo, Colombia, Enrique Cueto

 

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