LATAM Group reports preliminary July results

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By TESTCustomwebLP TESTCustomwebLP August 11, 2014 17:17

LATAM Group reports preliminary July results

LATAM Airlines Group S.A. and its subsidiaries has reported its preliminary monthly traffic statistics for July 2014 compared to July 2013.

Overall passenger traffic decreased by 1.4%, while capacity decreased by 3.2%. As a result, load factor for the month increased 1.6% to 84.7%. International passenger traffic accounted for approximately 51% 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 5.0%, while capacity increased by 2.1%. The domestic passenger load factor increased 2.2 points to 80.9%.

Cargo traffic for LATAM decreased 0.4% as capacity decreased 5.3%. As a consequence, the cargo load factor increased 2.8% to 57.4%. The decrease in cargo capacity is attributed to decreased capacity in passenger aircraft cargo holds in addition to a reduction in freighter operations. The decrease in cargo traffic is attributed to weaker imports into Latin America.

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By TESTCustomwebLP TESTCustomwebLP August 11, 2014 17:17