LATAM Airlines Traffic Rises, Load Factor Falls In January
Zacks Investment Research | Feb 11, 2019 08:57PM ET
LATAM Airlines Group S.A. (NYSE:LTM) posted traffic numbers for January. Consolidated traffic (measured in revenue passenger kilometers or RPKs) came in at 11.52 billion, up 5.1% from the year-ago figure. On a year-over-year basis, consolidated capacity (or available seat miles/ASMs) rose 6.1% to 13.47 billion.
However, consolidated load factor (percentage of seats filled by passengers) contracted 80 basis points (bps) to 85.5% as capacity expansion outweighed traffic growth. Meanwhile, passenger count rose 5.7% to 6.58 million.
With the company scheduled to release fourth-quarter earnings on Mar 12, let’s delve into its likely performance in the period. Encouraging passenger and cargo revenues are anticipated to boost the company’s top line in the to-be-reported quarter.
However, alike the last few quarters, depreciation of the Brazilian Real and Argentinian Peso are expected to hamper the company’s fourth-quarter results too.
LATAM Airlines Group S.A. Price
Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.