LAN Airlines Monthly Statistics Report for February 2005

    Business Editors/Airline Writers

    SANTIAGO, Chile--(BUSINESS WIRE)--March 11, 2005--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 February 2005.
    System passenger traffic for February increased 14.3%, as capacity rose of 12.6%. As a result, the Company's load factor increased 1.1 points to 75.9%.
    International passenger traffic for February increased 18.8%, while capacity increased 18.2%. Accordingly, the international passenger load factor for the month increased 0.4 points to 76.9%. Traffic increased due to improved demand in Latin America, the impact of new regional routes launched in 2004, and growth in Peru.
    Domestic passenger traffic for February decreased 3.8% as capacity decreased 7.5%. As a consequence, the domestic load factor for the month increased 2.7 points to 71.2%. Domestic capacity decreased due to itinerary adjustments.
    Cargo traffic, as measured in RTKs, improved 13.9% while capacity increased 14.6%. Consequently, the cargo load factor decreased 0.4 points to 66.1%. Cargo traffic grew, despite limited growth on southbound traffic, mainly due to strong export traffic out of Latin American countries.
    In February, 87.9% 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 3.8-point decrease compared to February 2004.

    About LAN

    LAN Airlines ("LAN") is one of the leading airlines groups in Latin America. The LAN Alliance includes LAN Airlines, LanPeru and LanEcuador. Through its own operations and code-share arrangements, the LAN Alliance serves 15 destinations in Chile, eleven destinations in Peru, two in Ecuador, 27 destinations in Latin America, 25 in North America, ten destinations in Europe and four in the South Pacific. Currently, the LAN Alliance operates 56 passenger aircraft and seven dedicated freighters.

    LAN 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, Mexicana, TAM and Lufthansa Cargo. For more information visit www.lan.com or www.oneworldalliance.com.

--30--ML/ny*

CONTACT: LAN Airlines S.A. Chile: Alejandro de la Fuente or Andres Bianchi (56-2)565-3944/3947 andres.bianchi@lan.com or i-advize Corporate Communications, Inc. New York: Maria Barona/Melanie Carpenter, 212-406-3690 lan@i-advize.com

KEYWORD: CHILE INTERNATIONAL LATIN AMERICA INDUSTRY KEYWORD: AEROSPACE/DEFENSE GOVERNMENT PRODUCT SOURCE: LAN Airlines S.A.

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