LanChile Turns Fourth Quarter Profit Despite Fuel Pressures
LanChile posted a fourth quarter net profit of $18.6 million, up 67.7%, even though jet fuel expenses rose 47% to $47.6 million. The cost was $15 million higher than in the fourth quarter 1998, but LanChile offset it by selling Equant shares for a $12.9 million one-time gain. Discounting the share...
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