Plus   Neg

LAN Airlines March System Passenger Traffic Up 14.7% - Quick Facts

LAN Airlines S.A. (LFL) and its subsidiaries reported its preliminary monthly traffic for March 2012 compared to March 2011.

System passenger traffic increased 14.7% as capacity rose 8.2%. As a result, the Company's load factor for the month increased 4.7 points to 82.4%. International passenger traffic accounted for approximately 68.5% of the month's total passenger traffic.

Domestic passenger traffic in Chile, Argentina, Peru, Ecuador and Colombia rose 17.2%, as capacity increased 12.5%.The domestic passenger load factor increased 3.1 points to 77.0%. International passenger traffic rose 13.7%, while capacity increased 6.1%. International passenger load factor for the month increased 5.6 points to 85.1%.

The company stated that the International capacity expansion was mainly driven by an increase in operations on certain regional routes, as well as routes to Mexico and the Caribbean, partially offset by reduced capacity on routes to Europe.

Cargo traffic rose 2.7% as capacity increased 0.8%. As a consequence, the cargo load factor increased 1.3 points to 71.3%. The low increase in cargo capacity is a result of no additional freighters being incorporated since January 2011 in addition to decreased availability in the bellies of passenger aircraft. The increase in traffic is driven by anticipated demand on certain seasonal products.

During March, 86.6% of the Company's total flights left on time based on a fifteen-minute standard. This represented an increase of 3.3 points compared to March 2011.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Galaxy Entertainment Group (WYNN) Friday announced that it has agreed to purchase 5.3 million primary shares of Wynn Resorts Ltd. at a price of $175 a share, resulting in $927.50 million of gross proceeds to Wynn Resorts. The two sale, combined with a previous sale effectively eliminate ownership of founder and former CEO Steve Wynn in Wynn Resorts. Starbucks wants to be more efficient but it is risking the fragile loyalty of its most devoted customers. The ubiquitous chain plans a major push to get coffee lovers to use its mobile app to place their orders, but regulars prefer to buy their lattes by waiting in the queue. According to reports,... Taco Bell, the Mexican fast-food chain owned by Yum Brands Inc. (YUM), Thursday said it will start selling tortilla chips in grocery and convenience stores starting May. The chips will be available in Fire and Mild sauce packet flavors and also in a Classic flavor. "This launch of our first line...
comments powered by Disqus
Follow RTT