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Group LATAM informed his expectations for the 2024, where it projects a growth in its passenger operations between 12% and 14%.
The airlines that are part of the group LATAM released their financial and operational projections for the next year. The group estimates a growth of its passenger operations between 12% and 14%, which represents a recovery of the levels of 2019. In the case of the domestic passenger market Brazil, growth is projected between 7% and 9%.
The subsidiaries of LATAM Cargo They expect growth between 10% and 12%, which reinforces its position as the largest cargo airline group in Latin America. To the date, LATAM charge subsidiaries have a total of 19 charueros aircraft completing your fleet plans informed in the 2021.
In financial terms, the group projects a record adjusted EBITDAR for 2024 Between US $ 2.6 billion and US $ 2.9 billion. This represents a reduction in its debt of approximately 50% versus leverage levels after the successful exit from the Chapter restructuring process 11.
Ramiro Alfonsin, CFO de LATAM Airlines Group, commented:
«The LATAM group's projections for next year are a reflection of operational and financial performance, as well as the competitiveness of the group". LATAM projects to have between US$2.8 billion and US$3 billion by the end of next year, as well as maintaining its solid capital structure."
Notes:
- Passenger Cash Ex Fuel excludes charge costs associated with Belly operations and operations of charueros aircraft and varying air lease costs (Non -cash effect on P&L).
- Adjusted EBIT and Adjusted EBITDAR exclude non-recurring items and variable Aircraft Leasing costs (Non -cash effect on P&L).
- Liquidity is defined as Cash and Cash Equivalents and undrawn committed revolving lines of credit.. Does not consider debt management in the exercise of 2024.
- Net financial debt includes operational lease liabilities, financial leases and other net cash debt and cash equivalents.
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