Exhibit 99.1
LATAM group transports 32.7% more passengers internationally than the previous year, driven by the high season in South America
More than 7 million passengers were transported during the period, 18.5% more than the same month in 2023, while the consolidated load factor reached 85.6%.
Operating statistics for January 2024
February 8, 2024 - LATAM group reported today its operating statistics for January 2024, reaching more than 7 million passengers transported, which represents an 18.5% increase compared to the same month of last year.
This result is mainly explained by the recovery of the international segment, which recorded 32.7% growth in passengers transported, driven by the high season in South America. In the domestic markets of the affiliates in Chile, Colombia, Ecuador and Peru this figure grew 29.9% and it grew 4.9% in the domestic market of the affiliate in Brazil.
LATAM group increased its consolidated capacity, measured in available seats - kilometers (ASK), by 13.9% compared to January 2023. In particular, international operations grew 22.3% and domestic operations in Chile, Colombia, Peru and Ecuador grew 18.8%.
Consolidated passenger traffic, measured in revenue - passenger kilometers (RPK), increased by 20.2% compared to the same month of 2023, mainly driven by an increase of 32.5% in international demand and by an increase of 24.2% in the demand in domestic markets of Chile, Colombia, Peru and Ecuador.
In the first month of the year, LATAM group reported a consolidated passenger load factor of 85.6%, 4.5 percentage points higher than January 2023, mainly explained by a 6.8 percentage point improvement in the international load factor.
Finally, in January the cargo capacity, measured in available tons - kilometers (ATK), reached 659 million, which represents an increase of 11.1% of capacity compared to the same period of the previous year.
INVESTOR RELATIONS CONTACT INFORMATION LATAM Airlines Group S.A.
Investor Relations InvestorRelations@latam.com Tel: (56-2) 2565-3844 www.latamairlinesgroup.net | 1 |
The following table summarizes the operating statistics of LATAM for January 2024.
| LATAM GROUP OPERATIONS | January | Year to Date | ||||
| 2024 | 2023 | % Change | 2024 | 2023 | % Change | |
| LATAM GROUP PASSENGER OPERATIONS | ||||||
| REVENUE PASSENGER KILOMETERS (million) | ||||||
| SYSTEM | 11,317 | 9,419 | 20.2% | 11,317 | 9,419 | 20.2% |
| DOMESTIC SSC (1) | 2,089 | 1,682 | 24.2% | 2,089 | 1,682 | 24.2% |
| DOMESTIC BRAZIL (2) | 3,386 | 3,327 | 1.8% | 3,386 | 3,327 | 1.8% |
| INTERNATIONAL (3) | 5,843 | 4,410 | 32.5% | 5,843 | 4,410 | 32.5% |
| AVAILABLE SEAT KILOMETERS (million) | ||||||
| SYSTEM | 13,217 | 11,609 | 13.9% | 13,217 | 11,609 | 13.9% |
| DOMESTIC SSC (1) | 2,460 | 2,070 | 18.8% | 2,460 | 2,070 | 18.8% |
| DOMESTIC BRAZIL (2) | 4,131 | 4,123 | 0.2% | 4,131 | 4,123 | 0.2% |
| INTERNATIONAL (3) | 6,626 | 5,416 | 22.3% | 6,626 | 5,416 | 22.3% |
| PASSENGER LOAD FACTOR | ||||||
| SYSTEM | 85.6% | 81.1% | 4.5pp | 85.6% | 81.1% | 4.5pp |
| DOMESTIC SSC (1) | 84.9% | 81.3% | 3.7pp | 84.9% | 81.3% | 3.7pp |
| DOMESTIC BRAZIL (2) | 81.9% | 80.7% | 1.3pp | 81.9% | 80.7% | 1.3pp |
| INTERNATIONAL (3) | 88.2% | 81.4% | 6.8pp | 88.2% | 81.4% | 6.8pp |
| PASSENGER BOARDED (thousand) | ||||||
| SYSTEM | 7,089 | 5,984 | 18.5% | 7,089 | 5,984 | 18.5% |
| DOMESTIC SSC (1) | 2,769 | 2,132 | 29.9% | 2,769 | 2,132 | 29.9% |
| DOMESTIC BRAZIL (2) | 2,985 | 2,847 | 4.9% | 2,985 | 2,847 | 4.9% |
| INTERNATIONAL (3) | 1,335 | 1,005 | 32.7% | 1,335 | 1,005 | 32.7% |
| LATAM GROUP CARGO OPERATIONS | ||||||
| REVENUE TON KILOMETERS (Cargo) (million) | ||||||
| SYSTEM | 329 | 303 | 8.8% | 329 | 303 | 8.8% |
| AVAILABLE TON KILOMETERS (Cargo) (million) | ||||||
| SYSTEM | 659 | 593 | 11.1% | 659 | 593 | 11.1% |
| CARGO LOAD FACTOR | ||||||
| SYSTEM | 50.0% | 51.0% | -1.1pp | 50.0% | 51.0% | -1.1pp |
| (1) | Domestic SSC refers to domestic operations of LATAM Airlines Chile, LATAM Airlines Colombia, LATAM Airlines Ecuador and LATAM Airlines Peru. |
| (2) | Domestic Brazil refers to LATAM Airlines Brazil domestic operations. |
| (3) | International refers to international operations of LATAM Airlines Brazil, LATAM Airlines Chile, LATAM Airlines Colombia, LATAM Airlines Ecuador and LATAM Airlines Peru. |
INVESTOR RELATIONS CONTACT INFORMATION LATAM Airlines Group S.A.
Investor Relations InvestorRelations@latam.com Tel: (56-2) 2565-3844 www.latamairlinesgroup.net | 2 |
ABOUT LATAM GROUP
LATAM Airlines Group S.A. and its subsidiaries are the leading airline group in Latin America, with presence in five domestic markets in the region: Brazil, Chile, Colombia, Ecuador and Peru, in addition to international operations within Latin America and to Europe, Oceania, Africa, the United States and the Caribbean.
The group has a fleet of Boeing 767, 777, 787, Airbus A321, A321neo A320, A320neo and A319 aircraft. LATAM Cargo Chile, LATAM Cargo Colombia and LATAM Cargo Brazil are the LATAM group’s cargo subsidiaries. In addition to having access to the bellies of the passenger affiliates' aircraft, they have a fleet of 20 freighters. These cargo subsidiaries have access to the group's passenger aircraft, and operate within the LATAM group network, as well as on exclusive international routes for cargo transportation. In addition, they offer a modern infrastructure and a wide variety of services and support options to meet the needs of its customers.
More financial information at www.latamairlinesgroup.net
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INVESTOR RELATIONS CONTACT INFORMATION LATAM Airlines Group S.A.
Investor Relations InvestorRelations@latam.com Tel: (56-2) 2565-3844 www.latamairlinesgroup.net | 3 |