Air Transport World

LanChile. (Newsbriefs: Latin America/Caribbean Report).(financial results)(Brief Article)

LanChile reported net income of $15.5 million in the fourth quarter ended Dec. 31, a significant recovery from a net loss of $4.8 million in the 2001 quarter. The airline also said that it is "favorably positioned to face current high fuel prices and the impact on demand in the event of a US war with Iraq." Operating revenue increased 21.8% to $424.4 million while operating expenses climbed 18.6%, resulting in operating income of $21. …

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