Latam Airlines Group

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LATAM Airlines Group reports preliminary monthly statistics for November 2014
December 09, 2014
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Santiago, Chile, December 9, 2014– LATAM Airlines Group S.A. and its subsidiaries, (“LATAM Airlines Group” or “the Company”) (NYSE: LFL / IPSA: LAN / Bovespa: LATM33), the leading airline group in Latin America, today reported its preliminary monthly traffic statistics for November 2014 compared to November 2013.

System passenger traffic increased by 3.2% while capacity increased by 1.9%. As a result, the Company’s load factor for the month increased 1.0 points to 83.6%. International passenger traffic accounted for approximately 50% of the month’s total passenger traffic.

Domestic passenger traffic in LATAM Airlines Group’s Spanish speaking operations (Chile, Argentina, Peru, Ecuador and Colombia) rose 5.2%, while capacity increased by 3.6%. As a consequence, the domestic passenger load factor increased 1.2 points to 81.5%.

Domestic passenger traffic in Brazil increased by 5.9%, while capacity increased by 3.4%. As a consequence, the domestic Brazil passenger load factor increased 2.0 points to 83.5%.

International passenger traffic increased by 0.7%, while capacity increased by 0.3%. Accordingly, the international passenger load factor for the month increased 0.4 points to 84.4%. International traffic includes international operations of both LAN and TAM on regional and long haul routes.

Cargo traffic for LATAM Airlines Group decreased 2.5% as capacity decreased 3.8%. As a consequence, the cargo load factor increased 0.8 points to 63.9%. The decrease in cargo capacity is a result of reduced freighter operation in addition to decreased availability in the bellies of passenger aircraft. Cargo traffic decrease was driven by weaker imports into Latin America