LATAM Airlines Group S.A. and its subsidiaries, (“LATAM Airlines Group” or “the Company”) (NYSE: LFL / IPSA: LAN / Bovespa: LATM33), the leading airline group in Latin America, this week reported its preliminary monthly traffic statistics for January 2015 compared to January 2014.
System passenger traffic increased by 5.3 per cent while capacity increased by 2.6 per cent. As a result, the Company’s load factor for the month increased 2.2 points to 85.7 per cent. International passenger traffic accounted for approximately 50 per cent 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 7.1 per cent, while capacity increased by 5.5 per cent. As a consequence, the domestic passenger load factor increased 1.2 points to 83.3 per cent.Domestic passenger traffic in Brazil increased by 5.4 per cent, while capacity increased by 2.1 per cent. As a consequence, the domestic Brazil passenger load factor increased 2.8 points to 86.6 per cent.
International passenger traffic increased by 4.6 per cent, while capacity increased by 2.1 per cent. Accordingly, the international passenger load factor for the month increased 2.1 points to 85.8 per cent. International traffic includes international operations of both LAN and TAM on regional and long haul routes.
Cargo traffic for LATAM Airlines Group decreased 8.1 per cent as capacity decreased 3.0 per cent. As a consequence, the cargo load factor decreased 2.9 points to 52.7 per cent. The decrease in cargo capacity is a result of reduced freighter operation. Cargo traffic decrease was driven by weaker imports into Latin America.