Lan Chile S.A., (“Lan Chile” or “the Company”) (NYSE: LFL) Chile`s largest domestic and international airline, reported its preliminary October monthly and accumulated traffic statistics and punctuality indicators.
The Company reported that its system passenger traffic for October decreased 5.6% while capacity decreased 7.8%. As a result, the Company`s load factor increased 1.6 points to 66.5%.
International passenger traffic for October decreased 7.0%, while international passenger capacity decreased 10.4%. Accordingly, the international passenger load factor for the month rose 2.4 points to 66.8%. Domestic passenger traffic for October decreased 0.6% as capacity increased 1.6%. Accordingly, the domestic load factor for the month fell 1.5 points to 65.7%.
Total cargo traffic for October increased 9.7% 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 October increased 2.4% 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 October, 89.3% 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 2.1 point decrease as compared October 1999 and was a result of unusually heavy fog at the Santiago airport.