LAN’s 2011 profit declines 23.7% to $320.2 million

LAN Airlines 767. Courtesy, Boeing Chile's LAN Airlines posted 2011 net income of $320.2 million, down 23.7% from a net profit of $419.7 million in 2010. Operating income decreased by 13.4% to $539.7 million while operating margin slid 4.3 points to 9.4%. Higher fuel prices, the impact of starting...

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