LATAM Group Transports 20 Million Passengers in Q124

DALLAS — LATAM group (LA) had a historic quarter, according to the group's March 2024 operating statistics reported today. Here are the highlights of the report, starting off with transported passengers and capacity numbers:

• In the first three months of 2024, the LATAM group transported 20.2 million passengers, a 19.4% increase compared to the same quarter in 2023.
• This increase is attributed to a 32.5% rise in passengers transported in the international segment, a 26.0% increase in the domestic markets of Chile, Colombia, Ecuador, and Peru, and a 9.1% increase in the domestic market of Brazil.
• In March 2024 alone, the LATAM group transported 6.7 million passengers, representing a 16.9% increase compared to March 2023.

• In the first quarter of 2024, the LATAM group increased its consolidated capacity (measured in available seat kilometers - ASK) by 17.5% compared to the same quarter in 2023.
• This increase exceeded the capacity levels of 2019 by 1.2%.
• In March 2024, the group increased its consolidated capacity by 17.8%.

Passenger Traffic, Load Factor

• Consolidated passenger traffic (measured in revenue passenger kilometers - RPK) grew by 22.3% during the first quarter of 2024 compared to the same period in the previous year.
• In March 2024, passenger traffic grew by 22.2% compared to March 2023.
• These increases were driven by a 31.1% rise in international demand, a 17.1% increase in domestic demand from affiliates in Chile, Colombia, Peru, and Ecuador, and an 11.8% increase in domestic demand from the Brazilian affiliate.

• The consolidated load factor reached 83.1% in March 2024, a 3.0 percentage point increase from March 2023.
• Notably, the domestic load factor of the Brazilian affiliate increased by 5.1 percentage points this month.

Cargo Capacity

• In March 2024, the LATAM group increased its cargo capacity (measured in available ton kilometers—ATK) by 13.8% compared to March 2023, reaching 655 million available ton kilometers.