Lan Chile S.A., (“Lan Chile” or “the Company”) (NYSE: LFL) Chile`s largest domestic and international airline, reported its preliminary September monthly and accumulated traffic statistics and punctuality indicators.
The Company reported that its system passenger traffic for September decreased only 0.2% while capacity decreased 9.0%. As a result, the Company`s overall passenger load factor increased 6.0 points to 67.7%. International passenger traffic for September increased 0.2%, while international passenger capacity decreased 11.3%. Accordingly, the international passenger load factor for the month rose 7.9 points to 69.0%. Domestic passenger traffic for September decreased 1.5% as capacity decreased 0.1%. Accordingly, the domestic load factor for the month fell 0.9 points to 63.2%.
Total cargo traffic for September increased 15.9% 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 September increased 8.9% due to the increased freighter operations resulting from the addition of a third 767-300 freighter to the Company`s fleet, on August 25, 2000, as well as the increased use of 747-200 wet-leases.
In addition, for the month of September, 90.8% 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 0.9 point decrease as compared September 1999.