LAN Airlines Monthly Statistics Report for October 2007
Posted on: Friday, 9 November 2007, 15:00 CST
LAN Airlines S.A. and its related companies, ("LAN" or "the Company") (NYSE: LFL / IPSA: LAN), one of the leading airline groups in Latin America, reported its preliminary monthly and accumulated traffic statistics and punctuality indicators for October 2007.
System passenger traffic for October increased 17.5% as capacity rose 16.5%. As a result, the Company's load factor increased 0.7 points to 76.6%. International passenger traffic accounted for approximately 86% of total passenger traffic.
International passenger traffic for October rose 15.8% as capacity increased 16.7%. Accordingly, the international passenger load factor for the month decreased 0.6 points to 76.8%. Long-haul capacity grew due to an increase in operations to the United States, Europe, and the Caribbean. This was partially offset by a reduction in operations to the South Pacific. Short-haul capacity grew mainly as a result of an expansion in regional operations, as well as expansions in the Argentine and Peruvian domestic markets.
Domestic passenger traffic in Chile rose 28.9% as capacity increased 15.0%. As a consequence, the domestic load factor for the month increased 8.1 points to 75.5%. Growth in domestic traffic primarily resulted from the implementation, on April 9, 2007, of the Company's new business model for short-haul operations, aimed at enabling more people to fly, while taking advantage of the scheduling, comfort and fares offered by LAN.
Cargo traffic increased 4.3% as capacity rose 8.4%. As a consequence, the cargo load-factor decreased 2.9 points to 73.8%. Cargo traffic grew mainly as a result of stronger imports into the region, partially offset by the continued weakness of exports from Chile and Brazil.
In October, 84.8% of the Company's total flights left on time, based on a fifteen-minute standard (all departures leaving within fifteen minutes of the scheduled departure time are considered as "on-time"). This represented a decrease of 5.2 points compared to the same month of 2006.
About LAN
LAN Airlines is one of the leading airlines in Latin America. "LAN" makes reference to the consolidated entity that includes LAN Airlines, LAN Express, LAN Peru, LAN Ecuador, and LAN Argentina, as well as LAN Cargo and its affiliates. The LAN Alliance serves 15 destinations in Chile, 12 destinations in Peru, 10 destinations in Argentina, two destinations in Ecuador, 15 destinations in other Latin American countries and the Caribbean, three destinations in the United States, two destinations in Europe and four destinations in the South Pacific, as well as 52 additional international destinations through its various code-share agreements. Currently, the LAN Alliance operates 69 passenger aircraft and 10 dedicated freighters.
LAN Airlines is a member of oneworld (TM), the world's leading global airline alliance. It has bilateral commercial agreements with oneworld partners American Airlines, British Airways, Iberia and Qantas, as well as with Alaska Airlines, AeroMexico, Mexicana, TAM and Korean Air. For more information visit www.lan.com or www.oneworldalliance.com.
Source: Business Wire
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