Aviation Industry

LATAM Airlines’ (LTM) Load Factor Decreases in February


LATAM Airlines Group S.A. reported mixed traffic figures for February. Although traffic increased substantially on strong travel demand, load factor declined as capacity expansion surpassed traffic growth.

Consolidated traffic (measured in revenue passenger kilometers or RPKs) came in at 10.12 billion, up 4.9% from the year-ago figure. On a year-over-year basis, consolidated capacity (or available seat miles/ASMs) rose 6.5% to 12.03 billion.

However, consolidated load factor (percentage of seats filled by passengers) contracted 120 basis points (bps) to 84.1%. Meanwhile, passenger count climbed 5% to 5.71 million.

In the first two months of 2019, LATAM Airlines generated RPKs of 21.64 billion (up 5% year over year) and ASMs of 25.51 billion (up 6.3% year over year). Load factor registered a fall of 100 bps year over year to 84.8%…

Compartir noticia por email:
Fuente: https://www.zacks.com/stock/news/360133/latam-airlines-ltm-load-factor-decreases-in-february

Síguenos en Twitter: @aerolatinnews