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LAN Colombia

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LAN Colombia

IATA Code
4C
ICAO Code
ARE
Corporate Address
Lan Airlines S.A.
Americo Vespucio 901, Renca
Santiago
Chile
Website
http://www.lan.com/en_au/sitio_personas/index.html
Main hub
Bogota Eldorado International Airport
Country
Colombia
Business model
Full Service Carrier
Association Membership
ALTA
IATA

LAN Colombia (previously Aires) is a Colombian airline based in Bogota, with additional bases in Barranquilla and Medellin. LAN Colombia has experienced strong growth in recent years, capturing a larger share of the growing domestic market and expanding into international markets across South, Central and North America. It began operating under the brand LAN Colombia as of 3-Dec-2011.

Location of LAN Colombia main hub (Bogota Eldorado International Airport)

Source: CAPA - Centre for Aviation and Google Maps


 
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46 total articles

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6,348 total articles

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LAN outlook brightens as strong 3Q2011 earnings are recorded and as merger with TAM nears

28-Oct-11 3:20 PM

Latin American airline group LAN has reported a significant improvement in its third quarter earnings following a surprisingly weak second quarter. Latin America’s buoyant economy drove the strong showing and has LAN confident it can remain highly profitable in 4Q2011 and 2012 despite the challenging global market conditions. LAN’s planned merger with Brazil’s TAM, which will now almost certainly be completed in Mar-2012, further improves the group’s medium to long-term outlook as LAN gains access to Brazil, the region’s largest economy by a wide margin and one of the world’s largest emerging markets.

Avianca benefits in Colombia from restructuring at new LAN subsidiary Aires

6-Sep-11 9:35 PM

Avianca has been the main beneficiary of the restructuring at Colombian-low cost carrier Aires, growing its share of the domestic market and improving its profitability since LAN acquired Aires late last year. Avianca also has benefitted from capacity reductions by the other two main players in Colombia’s domestic market, Copa Colombia and Satena.

LAN blames fuel prices, ash cloud and Aires for unusually small profit

27-Jul-11 5:01 PM

LAN turned a net profit of only USD16 million in 2Q2011, a 74% decrease compared with the USD61 million profit from 2Q2010 and the airline group’s lowest profit for any quarter since 2Q2009. LAN, which over the past several years has had one of highest airline profit margins in the world, also recorded its lowest operating profit margin in five years. The Chile-based airline group said its 2Q2011 results were impacted by higher fuel prices, operational disruptions caused by volcanic ash and losses at new Colombian subsidiary Aires.

LAN’s 2011 outlook bright despite losses at Aires and delay in TAM merger to 2012

29-Apr-11 9:38 AM

LAN remains optimistic it can continue posting double-digit profit margins throughout 2011 despite rising fuel costs, losses at its new Colombian operation and delays in proceeding with its proposed merger with TAM. The merger transaction, which would bring together Latin America’s two largest airline groups, is now not likely to be completed until early 2012.

Copa and LAN report strong traffic growth for March

12-Apr-11 5:02 PM

Latin American airline groups Copa and LAN have again reported strong traffic growth as they look forward to another strong year of earnings.

Avianca-TACA enjoys profitable first year as merged entity

6-Apr-11 3:56 PM

Avianca-TACA is confident of a successful debut on the Colombian stock exchange after a profitable first year as Latin America’s fourth largest airline group. Colombia-based Avianca and El Salvador-based TACA completed their historic merger in early 2010, creating the fourth largest airline group in Latin America after LAN, TAM and Gol.

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