LATAM group projects 12-14% growth in 2024
LATAM group has released its guidance for 2024, and estimates growth for next year in its passenger operations of between 12% and 14% (measured in available seat kilometres – ASK),…
LATAM group has released its guidance for 2024, and estimates growth for next year in its passenger operations of between 12% and 14% (measured in available seat kilometres – ASK), projecting to surpass 2019 ASK levels during the first quarter of 2024.
In the case of the Brazil domestic market, growth is projected to be between 7% and 9%.
LATAM Cargo’s subsidiaries expect growth between 10% to 12% in their operations (measured in available tonne kilometres – ATK).
To date, LATAM Cargo’s subsidiaries have a total of 19 cargo aircraft, completing their fleet plan announced in 2021 and reinforcing their position as the largest cargo airline group in Latin America.
Financially, the group forecasts record adjusted EBITDAR of between US$2.6 billion and US$2.9 billion for 2024.
“LATAM group projections for next year reflect a strong operational and financial performance, as well as the group’s competitiveness,” said Ramiro Alfonsín, CFO of LATAM Airlines Group.
In terms of liquidity, LATAM projects between US$2.8 billion and US$3.0 billion for the end of 2024.
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