LAN Airlines S.A. and its subsidiaries, ('LAN' or 'the Company') (NYSE:LFL / IPSA: LAN), one of the leading airlines in Latin America, has reported its preliminary monthly traffic statistics and punctuality indicators for November 2009.
LAN Airlines system passenger traffic for November increased 13.3% as capacity rose 8.8%. As a result, the Company's load factor increased 3.2 points to 79.5%. International passenger traffic accounted for approximately 69% of total passenger traffic.
Domestic passenger traffic in Chile, Argentina, Peru and Ecuador rose 9.0% as capacity increased 7.1%. As a consequence, the domestic load factor for the month increased 1.4 points to 79.4%.
International passenger traffic for November rose 15.4% as capacity increased 9.5%. Accordingly, the international passenger load factor for the month increased 4.0 points to 79.6%. International capacity was mainly driven by an increase in operations on routes to the Unites States and Europe, as well as on certain regional routes.
During the month of November cargo traffic increased 9.9%. This increase was mainly due to the recovery in import and export markets in Latin America, as well as increased operations to Europe. In line with the higher demand, capacity grew 4.8%. As a result, the cargo load factor rose 3.4 points reaching 74.1%.
During November, 88.3% 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 3.7 points compared to November 2008.
Currently, LAN Airlines and its affiliates operate one of the most modern fleets in the world, with 84 passenger aircraft, and its cargo subsidiary, LAN CARGO and its respective cargo affiliates, have a fleet of 11 dedicated freighters. The company recently completed its short haul fleet renovation process by acquiring new aircraft from the Airbus A320 family, enabling LAN to improve its efficiency and to reduce significantly its CO2 emissions. The fleet renovation is part of the company's commitment to the protection of the environment.
LAN Airlines is one of the leading passenger and cargo airlines in Latin America. The company and its affiliates serve over 65 destinations around the world through an extensive network that offers full connectivity within Latin America, while also linking the region with North America, Europe and the South Pacific, as well as 63 additional international destinations through its various alliances. LAN Airlines and its affiliates have a leading position in their respective domestic markets providing flights to Peru and Chile and as well as an important presence in the Argentinean domestic market with its flights to Buenos Aires and has begun flights to Ecuador.
LAN is one of the few Investment Grade airlines in the world (BBB). The company's world class quality standards enabled its membership in oneworld, the global alliance that encompasses the best airlines in the world.
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