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 January 2012 compared to January 2011.
System passenger traffic increased 10.4% as capacity rose 10.3%. As a result, the Company’s load factor for the month increased approximately 0.1 point to 82.8%. International passenger traffic accounted for approximately 66.1% of the month’s total passenger traffic.
Domestic passenger traffic in Chile, Argentina, Peru, Ecuador and Colombia rose 17.2%, in line with capacity growth. As a consequence, the domestic passenger load factor remained stable at 81.0%. International passenger traffic rose 7.3%, while capacity increased 7.1%. Accordingly, the international passenger load factor for the month increased 0.1 point to 83.7%. International capacity expansion was mainly driven by an increase in operations on certain regional routes, as well as routes to the United States, partially offset by reduced capacity on routes to Europe and to the South Pacific.
Cargo traffic rose 2.1% as capacity increased 3.6%. As a consequence, the cargo load factor decreased 1.0 point to 65.4%. Traffic and capacity grew due to the arrival of one new Boeing 767F freighter in January 2011, assigned to boost growth in the Latin American, United States West Coast and Mexican markets.During January, 73.8% 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 5.7 points compared to January 2011, mainly due to decreases in the Peruvian and Argentine markets. About LAN LAN Airlines is one of the leading passenger and cargo airlines in Latin America. The company and its affiliates serve over 100 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 70 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, Ecuadorian and Colombian domestic markets.
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