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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 December 2007.
System passenger traffic for December increased 13.8% as capacity
rose 13.6%. As a result, the Company's load factor increased 0.2
points to 76.0%. International passenger traffic accounted for
approximately 85% of total passenger traffic.
International passenger traffic for December rose 11.9% as
capacity increased 12.8%. Accordingly, the international passenger
load factor for the month decreased 0.6 points to 75.8%. Long-haul
capacity grew due to an increase in operations to the United States,
Europe, the South Pacific and the Caribbean. 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 25.7% as capacity
increased 18.2%. As a consequence, the domestic load factor for the
month increased 4.6 points to 77.5%. Growth in domestic traffic
primarily resulted from the implementation of the Company's new
business model for short haul operations. In this way, during 2007 LAN
has successfully fulfilled is commitment to enable more people to fly,
offering passengers more convenient pricing.
Cargo traffic increased 7.1% as capacity rose 9.7%. As a
consequence, the cargo load-factor decreased 1.8 points to 76.9%.
Cargo traffic grew mainly as a result of stronger imports into the
region, partially offset by the continued weakness of exports from
Brazil.
In December, 80.2% 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 6.2 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 72 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.
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