Lan Airlines SA Fiscal Yr End- December 31 TOTAL SCORE
Lan Airlines reported a 2008 profit of $336 million, up 9% f
100.0 earned in 2007. Losses from fuel hedge positions and foreig
totaled $29 million during the year. The carrier reported a $6
80.0 first quarter, down 40% from the $108 million posted in the
further loss in fuel hedges was cited for the decline. The car
60.0 rate in capacity during the current year.
40.0
20.0
-
08 07 06 05 04 03 02 01
TS LQ FC FH EP AU
Trailing 12 Months 2008 2007 2006 2005 2004
TOTAL SCORE/Category Results (weighting to TS) 54.8 51.7 44.6 15.3 25.3
Liquidity (30%) 36.1 42.0 29.0 32.3 45.7
Fuel Cost Management (10%) 27.5 33.9 36.0 37.6 58.1
Financial Health (30%) 65.8 64.7 58.7 55.1 64.9
Earnings Performance (20%) 64.6 37.0 46.3 29.3 38.1
Asset Utilization (10%) 99.0 68.7 70.0 57.4 65.9
Y-O-Y TS Points Change 3.0 7.1 29.3 -10.0 4.1
OPERATING STATISTICS
Load Factor 76.6% 76.1% 73.8% 73.8% 71.5%
Yield (Total Revenues) $0.271 $0.236 $0.250 $0.231 $0.223
EBITDAR/Headcount (US$000) $98 $54 $44 $24 $25
RPMs-ASMs Y-O-Y 0.8% 3.6% 0.0% 3.6% 4.0%
RASMs-CASMs Y-O-Y -0.1% 2.0% 5.1% -3.0% 1.5%
FINANCIAL SUMMARY ($mil)
Total Revenues $4,534 $3,525 $3,034 $2,506 $2,093
Operating Income (Loss) $533 $418 $303 $138 $169
Net Earnings (Loss) $336 $308 $241 $147 $164
Total Assets $4,905 $3,902 $2,929 $2,146 $1,829
Stockholders' Equity $1,118 $988 $626 $503 $435
SELECTED METRICS
Liquidity
Implicit Borrowing Capacity 1.47 1.55 1.46 1.74 1.72
Unrestricted Cash/ASMs $0.0172 $0.0219 $0.0122 $0.0099 $0.0213
Fuel Cost Management
EBITDAR/ASMs / Average Jet A/ASMs $10.52 $8.02 $7.06 $5.08 $6.51
Y-O-Y Liquidity /Average Jet A -70.6% 79.8% 42.8% -80.1% 36.2%
Financial Health
Fixed Charge Coverage 2.59 3.65 3.08 2.08 3.06
Net Debt 0.58 0.53 0.66 0.65 0.55
Earnings Performance
EBITDAR Margin 28.9% 20.7% 19.3% 14.7% 15.8%
Y-O-Y Yield 14.8% -5.6% 8.6% 3.3% 7.0%
Asset Utilization
Cash Flow Return On Investment 21.7% 14.2% 14.5% 11.9% 13.6%
TOTAL SCORE 51.7
008 profit of $336 million, up 9% from the $308 million
om fuel hedge positions and foreign exchange fluctuations
he year. The carrier reported a $65 million profit for the
m the $108 million posted in the year-ago period. A
was cited for the decline. The carrier plans a 10% growth
2003 2002 2001
21.2 14.2 1.7
37.3 30.2 22.1
66.8 68.0 59.9
55.8 45.8 42.8
32.9 25.4 1.0
53.7 40.2 48.8
7.0 12.5
69.1% 65.3% 66.7%
$0.209 $0.210 $0.204
$20 $16 $19
6.4% -2.2% -3.7%
3.0% 0.7% -2.3%
$1,639 $1,452 $1,428
$112 $59 $48
$84 $31 $11
$1,629 $1,585 $1,435
$353 $309 $289
1.53 1.39 1.41
$0.0177 $0.0138 $0.0065
$6.52 $5.91 $6.17
104.5% 230.6% -114.0%
2.28 1.25 1.16
0.59 0.67 0.78
14.3% 12.1% 13.5%
-0.8% 3.0% -11.8%
11.1% 8.3% 10.1%