LATAM Airlines Group announcementó your financial results with profits récord for the second quarter of 2024, driven by aóread performñor operational and a significant increase in passenger demand.
the airíNea Registró a net profit of US$146 million during the quarter, which represents a cumulative $405 million of net profits when considering the first six months of the yearñO.
LATAM registers positive profits in the second half
While, Total operating income reached $3.030 millions in per Período, those that are mainly explained, due to the increase in passenger revenues following the continued growth of the international segment, and good performanceñor from the subsidiarieséstatic, aún in low season. At the same time, LATAM reportó a yesóread adjusted EBITDAR from $619 million for the quarter, a 10,7% greater than the same period of 2023, due to the increase in operated capacity and containmentón of unit costs excluding the fuel variable.
Highlights:
- Ingresos Récord: Total operating income reached US$3.03 billion, driven primarily by an increase in trápassenger fare, especially on international routes.
- S GrowthóPassenger lounge: LATAM transportó 19.1 million passengers, an increase of 11.7% interannual.
- Improved Load Factor: The consolidated load factor reachedó the 82.2%, which represents an improvement of 1.8 percentage points in comparisonón with the añprevious one.
- SóLida Posición Financial: The compañíto finalizeó the quarter with an sóread positionóliquidity of US$3 billion.
Driving Growth and Sustainability
Despite facing challengesíLike the floods in Rio Grande do Sul, LATAM has demonstrated a great capacity for adaptationón and resilience. Diversify itón its revenue streams and its ability to adjust its capacity to changing market conditions have been key factors in its ésuccess.
El CFO of LATAM Airlines Group, Ramiro Alfonsoín said that “LATAM has achieved sógood quarterly results, driven by an increase in capacity and performanceñor robust financial, despite being in low season in Sudamérich and have a macroeconomic environmentómonkey who has exerted pressureón about exchange rates. The diversified income structure, así as the group's ability to reposition capacity between markets allowán be in itínea with the projections, backed by historic quartersóricamente mástrong markets to come and a stable demand environment”.
Recent Achievements
- Quoteón in New York: LATAM reingresó with ésuccess to the New York Stock Exchange, expanding your investment opportunitiesón.
- Expansionón of LíCr lineséhere: The compañíto renegotiateó with ésuccess your lícr neasédito rotativas, increasing your financial flexibility.
- Sustainability Leadership: LATAM containúadvancing its sustainability goals, collaborating with MIT to explore decarbonization optionsón for the aviation industryón.
And téterms of recognition, LATAM Airlines Group was awarded as the "Best Aerolínew of Américh of the South by fifth toñthe consecutive, y como Mejor Tripulación of Aerolínew of Américh from the South; for third toñor consecutive at the World Aerol Awardsíneas Skytrax 2024. At the same time, The group's cargo subsidiary was recognized as Aerolíloading line más sostenible de Américh in Freighterweek Sustainability Awards.
