Chilean airline LAN is best of breed
LAN Airlines S.A. (LFL, quote) reported a 14.7% year-over-year passenger increase for the month of March, reports Reuters. As well, the South American carrier grew 14% YOY for the quarter.
Tag Archives: LFL
Is it time to go short or long Gol stock?
Brazilian low-fare airline Gol Linhas Aéreas Inteligentes (GOL, quote) finally issued 2011 earnings Tuesday morning, reporting a Q4 profit of 54.27 million Brazilian reais ($30 million), a decrease from the 132.2 million reais ($72.8 million) profit the previous year.
Fuel costs are going to slash airline revenues
The International Air Transport Association has once again revised its forecast of global airline revenues downwards, this time because of rising fuel costs.
Emerging Markets Week Ahead: Will Markets Cheer a Greece Deal?
Futures markets and currencies are welcoming news on Sunday of approval for further austerity measures in the Greek parliament. The news could support the markets but earnings will still dominate over the next week.
Emerging Markets Week Ahead: What Goes Up…
The markets anxiously waited but got no relief on the deal between Greece and the Institute of International Finance (IIF), the organization representing private debt holders. With the S&P 500 now up 19.6% off its November lows and the euro up about 4.5% against the dollar over the last couple of weeks, the market could see a significant sell-off if the news is less than optimal.
Emerging airlines nervous but China Southern shares surge
Global air carriers have confessed that they are getting ready for some turbulence. While they don’t see a recession on the way, their shares are pricing in a shift in the economic outlook.
Latin airline merger finally gets a green light
Over a year after Chile’s LAN Airlines and Brazil’s TAM agreed to team up to become Latin America’s biggest carrier, the regulators have finally given their approval to the deal.
