LATAM Airlines announced its financial results and profits for the second quarter of the yearñO, maintaining the positive trend of the úlast months.
During an online press conference, the airíin the compartmentsó last 2 August the operational financial results of the LATAM group, where it was confirmedó the positive onesúGroups and profits that it has left in its different passenger and cargo subsidiaries.
LATAM financial results
During this conference, LATAM informó which had a net profit of US$145 million mainly explained by higher revenues from the passenger segment and a lower price of the combustible during the second trimester. Al téend of the first semester of 2023, LATAM Airlines Group registró a net profit of US$267 million.
During the second quarter, Operating income reached US$2,676 million, a 20.2% más that in the same quarter of the yearñor past, while adjusted operating expenses were US$2,405 million, resulting in a tight operating margin of 10,1% for the quarter.
The group continuedó strengthening its balance sheet, quarter after quarter, generating US$110 million in cash during the period and reporting total liquidity of US$2.6 billion.
Flights and destinations increase
Equally, in the second quarter ofñO, consolidated operations (measurements in ASKs) were up 28,4% with respect to the same period of 2022. International operations increased by 48,4% in relationón al añprevious one, arriving at 93% of the capacity operated in 2019, so the aerosolínea expects to return to full capacity at pre-pandemic levels by 2024.
sun operationséoffices of the subsidiary in Brazil they grew 18% compared to 2022 (measurements in ASKs), while sun operationséstatics of the subsidiaries of Colombia, Chile, Perú and Ecuador were up 6,5% compared to theñor past. During the second quarter, the group mobilizedó 17,1 million passengers, a 22,6% más that equal quarter of 2022.
LATAM Airlines Colombia incorporó 5 aircraft to its fleet increasing its capacity by approximately 20%. This allowedó a increase in their participationón going from a 24% in the first quarter to a 33% to the second quarter.
The quarter was particularly active in connectivity. LATAM Airlines Perú announcementó new routes, like Lima-Aruba and Lima-Caracas. And within the framework of the JV with Delta, Three new routes and an increase in frequency on an existing route were announced, providing better connectivity between Américh from the North and Américh from the South. Two of éthese beginán in October: LATAM Airlines Colombia operateá Averageín-Miami, LATAM Airlines Perú operateá Lima-Atlanta and Delta Air Lines addá a second daily flight between Atlanta and Bogotaá. The third new route announced is Cartagena-Atlanta, operated by Delta, what to startá to operate in December.
For his part, LATAM Airlines Brazil announcementó a new interline agreement with Aerolínew South African Airlink that will beá available from 2 of September, date on which the Brazilian subsidiaryñrestartingá your flights to Johannesburg from São Paulo. With this new agreement, the passengers of LATAM accessán a más de 40 destinations throughout Áfear.
In the operations of group load, during the second trimester, the ad groupó two new freight routes, Miami-Guayaquil and Miami-San Joséé Two Fields, strengthening the Miami hub and expanding the group's cargo network. At the same time, sumó his freighter N°18 to freight subsidiaries, which isá focused on transporting flowers from Colombia and Ecuador to the world, which completes a total of 65 weekly frequencies of cargo planes from these countriesíses.
Sustainability
During the períall the group launchedó the program “1+1 Compensate to conserve” which offers customers the possibility of offsetting the carbon footprint of their trips by helping to protectón and conservationón of ecosystems icóunique and their biodiversity in the regionón. At the same time, the group achievedó remove the 88% of the plásingle-use cosmetics on board their aircraft and a reductionón of the 82% en la operationótotal number of group LATAM, in líin line with its goal of reducing them completely by the end of this year.ñO.
Además, Skytrax World Airline reconoció to the LATAM group as the Best Aerolíthat of Sudamérich and per second toñor consecutive was highlighted as “Best Seat Comfort in South America” and “Best Catering in South America” de los APEX Passengers Choice Awards.
occupationón al raise
The companies of the group LATAM continúan delivering más and best connectivity a their respective passengers and on the first seven months of the añO transported 41 millions from passengers, lo what representa a increase from 20,1% with respect to equal períI smell the añor past. Sóit in july, the group mobilizedó 6,8 millions of passengers, a 19,2% más what on 2022 and a 2% máI know that on 2019.
During the month, the employment factorón of the aircraft of LATAM Group increaseó 4,4 percentage points compared to the same month of the yearñor past, arriving at 86,8%, the level más high reached by the group from the toñO 2019. Highlightó the level of occupancyón of international flights operated by the group's subsidiaries that reachedó the 88,8%, while the occupancy factorón on sun flightsésticos of the Brazilian subsidiary was 84,9% and in the subsidiaries of the paíSpanish speaking people (Perú, Ecuador, Chile and Colombia) it was of 84,8%.
