Airline

BLEAK SECOND QUARTER FOR LAN

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BLEAK SECOND QUARTER FOR LAN

Chilean flagship carrier LAN Airlines has posted a 73.7% drop in second-quarter net profit to $15.9 million owing to high fuel prices and because ash from the Puyehue-Cordon Caulle volcano chain in southern Chile grounded many of its flights. Sales were up 28.8% to $1.33 billion, however, versus $1....

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