Featured image: Nuno Seletti/Airways

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%.
CC-BBF LATAM Airlines Boeing 787-8 Dreamliner KLAX LAX. Photo: Brandon Farris/Airways
CC-BBF LATAM Airlines Boeing 787-8 Dreamliner KLAX LAX. Photo: Brandon Farris/Airways

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.
Boeing 767-300F N536LA LATAM Cargo KMIA. Photo: Fabrizio Spicuglia/Airways
Boeing 767-300F N536LA LATAM Cargo KMIA. Photo: Fabrizio Spicuglia/Airways

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.

Exploring Airline History Volume I

David H. Stringer, the History Editor for AIRWAYS Magazine, has chronicled the story of the commercial aviation industry with his airline history articles that have appeared in AIRWAYS over two decades. Here, for the first time, is a compilation of those articles.

Subjects A through C are presented in this first of three volumes. Covering topics such as the airlines of Alaska at the time of statehood and Canada's regional airlines of the 1960s, the individual histories of such carriers as Allegheny, American, Braniff, and Continental are also included in Volume One. Get your copy today!