LATAM reports strong increase in revenue for first quarter

LATAM Reports Strong Increase In Revenue For First Quarter

LATAM Airlines Group has announced total operating revenues increased by 6.4 per cent to $2,477 million for the three months ending March 31st.

LATAM Reports Strong Increase In Revenue For First Quarter

The increase can be largely thanks to proactive capacity management, stronger local currencies (especially in Brazil), along with also a 7.6 per cent increase in passenger revenues.

LATAM Reports Strong Increase In Revenue For First Quarter

A yield improvement of 6.9 per cent boosted the figures, while load factors increased by 0.5 percentage points to 84.7 per cent.

LATAM Reports Strong Increase In Revenue For First Quarter

As a result of capacity adjustments made in 2016, domestic capacity in Brazil was reduced by 9.5 per cent during the first quarter, along with also revenues per ASK increased by 24.6 per cent compared to the same quarter in 2016.

LATAM Reports Strong Increase In Revenue For First Quarter

Furthermore, LATAM Airlines Brazil reduced capacity by 26 per cent on international routes between Brazil along with also the US compared to first quarter of 2016.

LATAM Reports Strong Increase In Revenue For First Quarter

LATAM Airlines Group reported an operating income of $152 million along with also a net income of $65.6 million.
Results show in which the operating margin was 6.1 per cent for the quarter, a decline of 3.3 percentage points compared to the same period last year.

LATAM Reports Strong Increase In Revenue For First Quarter

However, revenues much better year-on-year along with also were offset by a 44.4 per cent increase in fuel prices.

During the first quarter of 2017, LATAM along with also its affiliate carriers introduced a brand-new domestic passenger type called Mercado LATAM which features a brand-new on board food along with also beverages service.

Mercado LATAM has been introduced on all of LATAM’s domestic flights in Colombia, Peru along with also Chile; along with also will gradually be implemented in Argentina, Ecuador along with also Brazil throughout the course of 2017.

LATAM reports strong increase in revenue for first quarter

Reply