SANTIAGO, Chile—(BUSINESS WIRE)—Aug. 19, 2003—LanChile S.A., (“LanChile” or “the Company”) (NYSE: LFL) Chile`s largest domestic and international airline, reported its preliminary July 2003 monthly and accumulated traffic statistics and punctuality indicators.
The Company reported that its system passenger traffic for July increased 15.0%, while capacity increased 6.2%. As a result, the Company`s load factor increased 5.6 points to 74.0%.
International passenger traffic for July increased 22.8% while capacity increased 11.6%. Accordingly, the international passenger load factor for the month increased 6.9 points to 75.8%. These results reflect increased traffic out of several markets including Chile, United States, Ecuador and Argentina.
Domestic passenger traffic for July decreased 11.8% while capacity decreased 11.7%. As a consequence, the domestic load factor for the month decreased 0.1 points to 66.4%. Weak economic conditions and increased competition affected the domestic passenger business.
Cargo traffic, as measured in RTKs, decreased 4.3% while capacity declined 3.9%. As a consequence, the cargo load factor decreased 0.2 points to 65.8%. These results continue to reflect weak northbound demand due to lower salmon exports.
In July, 84.0% of the Company`s total flights left on-time, based on a fifteen-minute standard (all departures leaving within fifteen minutes of scheduled departure time are considered as “on-time”). This represented a 0.9 point increase compared to July 2002.
Lan Chile S.A. is the largest domestic and international passenger/cargo air carrier in Chile and one of the leading airlines in Latin America. Together with its code-share arrangements and affiliated airlines, the Company serves 15 destinations in Chile, seven destinations in Peru, 18 destinations in Latin America, 25 in North America, eight destinations in Europe and four in the South Pacific. Currently, the Company operates 46 passenger aircraft and nine cargo freighters. LanChile is a member of oneworld(TM), the most international of the global airline alliances. It has bilateral commercial agreements with oneworld partners American Airlines, British Airways, Iberia and Qantas and also with Alaska Airlines, AeroMexico, and TAM. For more information visit www.lanchile.com or www.oneworldalliance.com.