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 September 2011.
During September, system passenger traffic increased 11.1% as capacity rose 10.4%. As a result, the Company’s load factor for the month increased 0.5 points to 80.3%. International passenger traffic accounted for approximately 68.0% of total passenger traffic. Starting in January 2011, these figures include AIRES’ domestic and international operations.
Domestic passenger traffic in Chile, Argentina, Peru, Ecuador and Colombia rose 25.3% as capacity increased 25.9%. As a consequence, the domestic passenger load factor in September decreased 0.3 points to 77.8%. International passenger traffic grew 5.5%, while capacity increased 4.1%. Accordingly, the international passenger load factor for the month increased 1.1 points to 81.5%.
During September, cargo traffic rose 11.2% as capacity increased 10.0%. As a consequence, the cargo load factor increased 0.8 points to 70.6%. Traffic and capacity grew due to the arrival of three new Boeing 767F freighters between November 2010 and January 2011. These aircraft have been assigned to boost growth in the Latin American, United States West Coast and Mexican markets.During September, 89.4% 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 an increase of 4.9 points compared to September 2010. About LAN LAN Airlines is one of the leading passenger and cargo airlines in Latin America. The company and its affiliates serve over 76 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 93 additional international destinations through its various code share agreements. 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 and Ecuadorian domestic markets. Furthermore, in November 2010, LAN acquired Colombian airline AIRES.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts