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Santiago, October 27 2004
LAN Airlines S.A. and its related companies, ("LAN" or "the Company") (NYSE: LFL / IPSA: LAN) one of the leading airline groups in Latin America, reported its preliminary monthly and accumulated traffic statistics and punctuality indicators for November 2004.
System passenger traffic for November increased 12.2% as capacity rose of 14.9%. As a result, the Company's load factor decreased 1.7 points to 71.1%.
International passenger traffic for November increased 14.7% while capacity increased 20.3%. Accordingly, the international passenger load factor for the month decreased 3.4 points to 70.1%. These results mainly reflect a improvements in demand, market share gains, the launch of new routes, as well as changes in the market mix.
Domestic passenger traffic for November increased 2.3% as capacity decreased 5.6%. As a consequence, the domestic load factor for the month increased 5.8 points to 75.4%. Domestic traffic mainly increased due to improvements in demand and market share.
Cargo traffic, as measured in RTKs, improved 13.0% while capacity increased 10.5%. Consequently, the cargo load factor increased 1.5 points to 69.0%. These results reflect improving southbound traffic, as well as strong export traffic out of Latin America.
In November, 84.5% 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 6.2-point decrease compared to November 2003.
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LAN Airlines and its related companies ("LAN") is one of the leading airlines groups in Latin America. The LAN Alliance includes LanChile, LanPeru and LanEcuador. Through the LAN Alliance and its code-share arrangements, LAN serves 15 destinations in Chile, eleven destinations in Peru, two in Ecuador, 18 destinations in Latin America, 25 in North America, ten destinations in Europe and four in the South Pacific. Currently, the Company operates 54 passenger aircraft and seven dedicated freighters.
LAN is a member of one world (TM), the most international of the global airline alliances. It has bilateral commercial agreements with one world partners American Airlines, British Airways, Iberia and Qantas and also with Alaska Airlines, AeroMexico, Mexicana, TAM and Lufthansa Cargo. For more information visit www.lan.com or www.oneworldalliance.com .
