The Chilean airline LAN reported a 73.7% drop in quarterly profit,
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The Chilean airline LAN reported a 73.7% drop in quarterly profit,

Lan : Burkina Faso | Jul 26, 2011 at 9:17 PM PDT
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The Chilean airline LAN reported a 73.7% drop in quarterly profit, largely affected by flight cancellations prompted by the ash cloud from the volcanic complex Caulle cord.

The international rise in fuel prices also influenced the poor performance of the company, which was 46.3% higher than last year.

However, sales rose almost 30% compared to second quarter last year and the firm accumulated earnings of $ 113.2 million in the first half, compared to $ 148.9 million in 2010.

Currently expected to decide on its merger with TAM, which would create one of the 10 largest airlines in the world.



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Italian airline Alitalia said Thursday its third quarter profit soared, reflecting a rise in passenger numbers
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