LAN Airlines reports net income of $65.0 million for first quarter

LAN reported net income of $65.0 million for the first quarter 2009. This represents a 34.7% decrease compared to net income of $99.6 million in the first quarter 2008. These results were impacted by a $57.9 million fuel hedging loss recognized during the quarter. LAN’s operating income in the first quarter 2009 reached $118.1 million, a 21.0% decrease compared to operating income of $149.5 million recorded in the first quarter 2008.