LanChile S.A., (“LanChile” or “the Company”) (NYSE: LFL) Chile’s largest domestic and international airline, reported its preliminary June monthly and accumulated traffic statistics and punctuality indicators.
The Company reported that its system passenger traffic for June decreased 4.1% while capacity decreased 5.2%. As a result, the Company’s load factor increased 0.7 points to 63.2%.
International passenger traffic for June decreased 3.9%, while international passenger capacity decreased 6.3%. Accordingly, the international passenger load factor for the month rose 1.6 points to 65.4%. Domestic passenger traffic for June decreased 4.8% as capacity decreased 1.2%. Accordingly, the domestic load factor for the month fell 2.1 points to 55.5%.
Total cargo traffic for June increased 15.2% primarily as a result of the new freighter operations to Europe and increased perishable traffic from Latin America primarily to the United States. Cargo capacity for June increased 3.7% due to the increased use of 747-200 wet-leases and increased freighter operations resulting from the inclusion, in December 1999, of an additional 767-300 freighter in the Company’s fleet.
In addition, for the month of June, 86.2% of the Company’s total flights left on time, based on a fifteen-minute standard (considering all departures leaving up to fifteen minutes of the scheduled departure time as “on time”). This represented a 2.3 point decrease as compared to June 1999 and was a result of inclement weather conditions at the Santiago airport.
LanChile S.A. is the largest domestic and international passenger/cargo air carrier in Chile and one of the leading airlines in Latin America. LanChile serves 15 destinations in Chile, 17 destinations in other Latin American cities and seven destinations in the United States, Europe and the South Pacific with a fleet of 45 airplanes. LanChile maintains alliances with American Airlines, Alaska Airlines, AeroMexico/Mexicana, TAM, Varig and Qantas of Australia and is an official member of the oneworld global alliance. For more information visit www.oneworldalliance.com.