Summary
- LATAM Airlines Group experienced a major increase in passenger numbers, with 6.7 million travelers in November, representing a 17.6% growth in comparison with 2022.
- The airline has been steadily increasing its traffic figures all year long, launching recent routes and adding recent planes.
- While the airline has not fully recovered from the COVID-19 pandemic, November 2023 saw 3% more travelers in comparison with pre-pandemic levels, indicating progress within the recovery process.
In November, LATAM Airlines Group transported 6.7 million passengers, representing a 17.6% increase in comparison with the identical period in 2022. The airline group has been steadily increasing its traffic figures over the 12 months, launching recent routes and adding recent planes.
Strong traffic numbers
Within the eleventh month of the 12 months, LATAM Airlines Group (an organization that operates within the domestic markets of Brazil, Chile, Colombia, Ecuador, and Peru) registered 6.7 million travelers fueled by a robust 85.2% load factor throughout its whole system.
To this point this 12 months, LATAM Airlines’ total variety of passengers transported has reached 66.9 million, a rise of 18.1% in comparison with the identical period between January and November 2022.
Photo: Vytautas Kielaitis | Shutterstock.
Nonetheless, LATAM Airlines has not fully recovered from the COVID-19 pandemic. Between January and November 2019, the group registered 67.3 million passengers, still .5% above 2023’s numbers. Nonetheless, if only November is in comparison with pre-pandemic November, LATAM had 3% more travelers and the next load factor (6.5 million passengers and 83.5% load think about November 2019).
LATAM’s full-year traffic results are still impacted within the international segment. In 2023, the firm registered 11.69 million passengers versus 14.90 million in 2019, prior to the worldwide crisis. Most South American countries where LATAM operates have had a slow and painful recovery of their international markets. Only Colombia recovered quickly, reaching pre-pandemic figures in all segments in 2022.
LATAM Airlines in 2023
In the primary three quarters of 2023, LATAM Airlines Group registered total revenue price $8.53 billion, a 26.1% increase in comparison with the identical period in 2022. Ramiro Alfonsín, Chief Financial Officer of the corporate, said LATAM has seen a progressively stronger financial performance because of systematic work toward a long-term vision. He added that the firm’s capital structure continues to be incomparable within the region by way of liquidity and leverage,
Photo: Markus Mainka | Shutterstock.
Through the 12 months, the airline has implemented its Joint Enterprise Agreement with US carrier Delta Air Lines. Until September 2023, each firms had operated 15,000 flights on greater than 20 routes between North and South America, carrying over three million customers.
Moreover, the South American company has continued to expand its network. LATAM Airlines Peru launched direct flights from Lima International (LIM) to London Heathrow (LHR) on December 1. Other long-haul routes launched all year long include LATAM Brasil, returning to Johannesburg from Sao Paulo, and LATAM Chile to Melbourne from Santiago de Chile.
The corporate closed the third quarter with a fleet composed of 321 aircraft, including 245 Airbus narrowbody jets, 58 Boeing widebody, and 18 Boeing cargo freighters. LATAM expects to shut the 12 months with a fleet of 334 aircraft, which shall be increased to 341 by 2025. In November, LATAM Brasil retired the Boeing 767s from passenger services, as an alternative transforming them to all-cargo widebodies.
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