Company Profile For Lan Airlines S.A.

Lan Airlines S.A. (Lan Airlines) is a passenger airlines company in Latin America and the main cargo operator in the region. The Company provides domestic and international passenger services in Chile, Peru, Ecuador and Argentina. As of March 31, 2009, in the passenger business the Company operated through five main airlines: LAN Airlines, Transporte Aereo S.A. (which does business under the name Lan Express), Lan Peru S.A. (Lan Peru), Aerolane Lineas Aereas Nacionales del Ecuador S.A. (Lan Ecuador), and Lan Argentina S.A. (Lan Argentina, previously Aero 2000 S.A.). its cargo operations are carried out by a number of companies, including Lan Airlines and Lan Cargo, and are complemented by the operations of certain related companies, such as Aero Transportes Mas de Carga S.A. de C.V. (MasAir), in Mexico, Aerolinhas Brasileiras S.A. (ABSA), in Brazil and Linea Aerea Carguera de Colombia S.A. (LANCO), in Colombia.

BRIEF: For the six months ended 30 June 2009, Lan Airlines S.A.'s total revenue decreased 18% to $1.6B. Net income for the period decreased 57% to $69.2M. Total revenue reflects decreased demand for the Company's products and services in the Passenger and Cargo business segments. Net income suffered from an increase in marketing expense, interest expense, as well as a decrease in equity in affiliates income, and higher monetary correction expense.