LATAM Airlines Group has reported strong operating results for first quarter 2015, with operating income reaching US$227 million, 102 per cent higher than the US$113 million reported in first quarter 2014.
Operating margin reached 8.1 per cent at the South American group, compared to 3.5 per cent in the same period 2014.
The significant margin expansion during the first quarter 2015 was mainly driven by a 16 per cent reduction in the company’s operating costs.
Cost per ASK equivalent decreased by 17 per cent, including the effect of lower fuel prices.
Furthermore, excluding fuel, cost per ASK equivalent decreased by ten per cent, reflecting efficiencies achieved as a result of our ongoing cost reduction programs, as well as the effect of local currency depreciations on our costs denominated in those currencies.Read More 16/05/2015 Breaking Travel News
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