LAN Airlines S.A. released its consolidated financial results for the full year and fourth quarter ended December 31, 2010. LAN reported net income of $419.7 million for full year 2010, an increase of 81.6% compared to full year 2009. Full year 2010, operating income reached $622.9 million, a 43.0% increase compared to the $435.7 million in full year 2009. Operating margin reached 13.8%, an increase of 1.9 points compared to 11.9% in 2009.
For the fourth quarter 2010 LAN reported net income of $164.6 million, an increase of 49.9% compared to the $109.8 million reported in fourth quarter 2009. Operating income reached $210.7 million in the fourth quarter, a 10.7% increase compared to $190.3 million in fourth quarter 2009. Operating margin reached 16.2% compared to 17.8% in the same period 2009. Total revenues in the fourth quarter 2010 reached $1,302.5 million compared to $1,070.7 million in the fourth quarter 2009 due to a 17.3% increase in passenger revenues and a 31.2% increase in cargo revenues. Passenger and cargo revenues accounted for 68.2% and 28.4% of total revenues, respectively, during fourth quarter 2010.
