LATAM reports preliminary August results

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By TESTCustomwebLP TESTCustomwebLP September 8, 2014 15:57

LATAM reports preliminary August results

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

System passenger traffic increased by 5.5% while capacity increased by 1.0%. As a result, the company’s load factor for the month increased 3.6% to 84.5%. International passenger traffic accounted for approximately 52% 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 9.2%, while capacity increased by 1.6%. As a consequence, the domestic passenger load factor increased 5.8% to 82.8%.

Domestic passenger traffic in Brazil increased by 2.9%, while capacity increased by 0.4%. As a consequence, the domestic Brazil passenger load factor increased 2% to 80.7%.

International passenger traffic increased by 6.0%, while capacity increased by 1.2%. Accordingly, the international passenger load factor for the month increased 4% to 87.6%. International traffic includes international operations of both LAN and TAM on regional and long haul routes.

Cargo traffic for LATAM decreased 1.9% as capacity decreased 5.6%. As a consequence, the cargo load factor increased 2.2% to 59%. The decrease in cargo capacity is a result of a reduced freighter operation in addition to decreased availability in the cargo holds of passenger aircraft. The cargo traffic decrease was driven by weaker imports into Latin America.

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By TESTCustomwebLP TESTCustomwebLP September 8, 2014 15:57