LAN's 1Q Fare Increases Produce Solid Profits, Yet Capacity Cuts Still Planned
Fare increases not only boosted LAN Airlines’ first-quarter yields, they also covered the entire rise in fuel costs, the operator’s top executives say. The yields, which grew 9.5% at LAN’s passenger operation and 11.7% at its cargo unit, also lifted revenue 31.9% to $1.4 billion, with income from...
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