During November, system passenger traffic increased 11.2% as capacity rose 8.5%. As a result, the Company’s load factor for the month increased 2.0 points to 81.5%. International passenger traffic accounted for approximately 70% of total passenger traffic.

Domestic passenger traffic in Chile, Argentina, Peru and Ecuador rose 7.4% as capacity increased 7.1%. As a consequence, the domestic load factor for the month increased 0.2 points to 79.6%.

International passenger traffic grew 12.9%, while capacity increased 9.2%. Accordingly, the international passenger load factor for the month increased 2.7 points to 82.4%. During November, international capacity expansion was mainly driven by an increase in operations on routes to Europe and to the United States, as well as certain regional routes.

During November, cargo traffic increased 9.6%. This increase was mainly due to the recovery and growth of the import markets to Latin America, driven by Brazil, and the increase in operations to Europe with the B777 freighter fleet. In addition, in June 2010 LAN Cargo launched domestic cargo operations in Brazil to Recife and Fortaleza through its affiliate ABSA. In-line with higher demand, capacity grew 11.9%. As a result, the cargo load factor decreased 1.6 points to 72.5%.

During November, 83.8% of the Company’s total flights left on time based on a fifteen-minute standard (all departures leaving within fifteen minutes of the scheduled departure time are considered as “on-time”). This represented a decrease of 4.2 points compared to November 2009.