LAN Airlines S.A. and its subsidiaries, (“LAN” or “the Company”) (NYSE: LFL / IPSA: LAN), one of the leading airlines in Latin America, today reported its preliminary monthly traffic statistics and punctuality indicators for April 2010.
System passenger traffic for April increased 0.1% as capacity rose 7.1%. As a result, the Company’s load factor decreased 5.0 points to 71.6%. International passenger traffic accounted for approximately 69% of total passenger traffic.
Domestic passenger traffic in Chile, Argentina, Peru and Ecuador rose 6.6% as capacity increased 5.3%. As a consequence, the domestic load factor for the month increased 1.0 point to 74.6%.
International passenger traffic for April declined 2.7% while capacity increased 7.9%. Accordingly, the international passenger load factor for the month decreased 7.7 points to 70.3%. During April, demand continued to show the impact of the earthquake that affected Chile during February causing lower demand especially on regional routes and North American routes.
During April, cargo traffic increased 39.6%. This increase was mainly due to the recovery in imports to Latin America driven by Brazil; a seed season considerably better than the previous year, and the increase in operations to Europe with the B777-200 freighter fleet. In-line with the higher demand, capacity grew 24.3%. As a result, the cargo load factor rose 8.0 points to 73.6%.
During April, 90.6% 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 0.3 points compared to April 2009.
LAN Airlines is one of the leading passenger and cargo airlines in Latin America. The company and its affiliates serve over 70 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 of Chile and Peru as well as an important presence in the Argentinean domestic market and has completed its first year of operations in the domestic market of Ecuador.
Currently, LAN Airlines and its affiliates operate one of the most modern fleets in the world, with 86 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 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. For more information please visit www.lan.com or www.oneworldalliance.com
Note: Domestic passenger statistics include domestic operations in Chile, Peru, Argentina and Ecuador.
In New York
i-advize Corporate Communications, Inc.
Maria Barona/Pete Majeski
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Telekurs USA
Postage Rates Bots go here