EX-99.1 2 ea168460ex99-1_latamairlines.htm LATAM AIRLINES GROUP OPERATING STATISTICS

Exhibit 99.1

 

 

LATAM projects operations of 83% for November and reaches 144 destinations, matching pre-pandemic levels

 

Santiago (Chile), November 10, 2022 - LATAM group projects passenger operations 83% for November (measured in available seat-kilometers - ASK) in comparison to the same time period in 2019 (in a pre-pandemic scenario) and maintains its projection to exceed 85% in terms of consolidated operational recovery by the end of the year. This month, the group will hit a major milestone in resuming to fly to the same number of destinations as it did prior to the Covid-19 pandemic in November 2019. At the same time, the group restarted its routes of Curitiba-Santiago and Antofagasta-Lima, which solidified its regional network connectivity.

 

LATAM plans to operate approximately 1,347 daily national and international flights this month, connecting 144 destinations across 22 countries. Meanwhile, the cargo business has more than 1,500 flights scheduled. All these projections are subject to changes in the pandemic across the countries in which it operates.

 

In October 2022, passenger traffic (measured in revenue passenger-kilometers – RPK) was 82.8% compared to the same time period in 2019, based on an operation measured in ASK (available seat-kilometers) of 81.9% compared to October 2019. This suggests that the load factor increased 0.9%, reaching 83.3%.

 

For cargo, the load factor was 55.4%, corresponding to an increase of 0.7 points compared to October 2019.

 

LATAM Group Operational Estimate – November 2022

(Passenger operations measured in ASK / Cargo operations measured in ATK)

 

Brazil ● 89% projected operation (versus November 2019). In comparison to October 2022 projections: 88%
    o 97% domestic and 80% international
  ● Total November destinations: 54 domestic and 21 international.
    o Updates:
  ● International: Restart of route Curitiba-Santiago (3 f/w)
     
Chile ● 78% projected operation (versus November 2019). In comparison to October 2022 projections: 75%
    o 71% domestic y 82% international
  ● Total November destinations: 17 domestic y 26 international.
    o Updates:
  ● International: Restart of routes Santiago-Curitiba (3 f/w) and Antofagasta-Lima (2 f/w).
     
Colombia ● 110% projected operation (versus November 2019). In comparison to October 2022 projections: 113%
    o 114% domestic and 104% international
  ● Total November destinations: 17 domestic and 5 international.
     
Ecuador ● 67% projected operation (versus November 2019). In comparison to October 2022 projections: 52%
    o 127% domestic and 50% international
  ● Total November destinations: 8 domestic and 4 international.
     
Peru ● 79% projected operation (versus November 2019). In comparison to October 2022 projections: 78%
    o 101% domestic and 71% international
  ● Total November destinations: 19 domestic and 27 international.
    o Updates:
  ● International: Restart of route Lima-Antofagasta (2 f/w).
     
Cargo ● 105% projected operation (versus November 2019). October 2022 projection reference: 105%
    o 79% domestic belly and 84% international belly*
    o 164% dedicated freighter

 

*Belly: merchandise transported in the cargo hold (lower deck) of the aircraft.

INVETSOR RELATIONS CONTACT INFORMATION 
LATAM Airlines Group S.A. 
  
Investor Relations1
InvestorRelations@latam.com 
Tel: (56-2) 2565-3844 
www.latamairlinesgroup.net 

 


Operational Estimate by Segment vs. 2019 – November 2022

(Measured in ASK)

 

Domestic Spanish-speaking countries   77%
Domestic Brazil   97%
International   76%
Consolidated Total   83%

 

The following table summarizes traffic figures for the month and includes a year-to-date breakdown for LATAM’s main business units.

 

October 2022 Traffic Report

 

   October   October   Year to Date   Year to Date 
LATAM AIRLINES OPERATIONS  2022   2021   % Change   2019   % Change   2022   2021   % Change   2019   % Change 
LATAM AIRLINES PASSENGER OPERATIONS                                 
REVENUE PASSENGER KILOMETERS (million)                                 
SYSTEM   8,640    5,802    48.9%   10,435    -17.2%   75,216    36,274    107.4%   103,120    -27.1%
DOMESTIC SSC (1)   1,666    1,521    9.6%   1,868    -10.8%   15,713    10,123    55.2%   18,183    -13.6%
DOMESTIC BRAZIL (2)   2,908    2,626    10.7%   3,129    -7.1%   26,546    17,593    50.9%   26,778    -0.9%
INTERNATIONAL (3)   4,066    1,655    145.7%   5,438    -25.2%   32,957    8,558    285.1%   58,160    -43.3%
                                                   
AVAILABLE SEAT KILOMETERS (million)                                              
SYSTEM   10,371    7,273    42.6%   12,656    -18.1%   92,252    50,508    82.6%   123,362    -25.2%
DOMESTIC SSC (1)   2,046    1,926    6.2%   2,432    -15.9%   19,421    13,599    42.8%   22,394    -13.3%
DOMESTIC BRAZIL (2)   3,639    3,060    18.9%   3,667    -0.8%   33,362    22,273    49.8%   32,714    2.0%
INTERNATIONAL (3)   4,687    2,287    104.9%   6,556    -28.5%   39,469    14,636    169.7%   68,255    -42.2%
                                                   
PASSENGER LOAD FACTOR                                              
SYSTEM   83.3%   79.8%   3.5pp    82.5%   0.9pp    81.5%   71.8%   9.7pp    83.6%   -2.1pp 
DOMESTIC SSC (1)   81.5%   79.0%   2.5pp    76.8%   4.7pp    80.9%   74.4%   6.5pp    81.2%   -0.3pp 
DOMESTIC BRAZIL (2)   79.9%   85.8%   -5.9pp    85.3%   -5.4pp    79.6%   79.0%   0.6pp    81.9%   -2.3pp 
INTERNATIONAL (3)   86.8%   72.4%   14.4pp    82.9%   3.8pp    83.5%   58.5%   25.0pp    85.2%   -1.7pp 
                                                   
PASSENGER BOARDED (thousand)                                              
SYSTEM   5,707    4,571    24.9%   6,537    -12.7%   51,020    29,918    70.5%   60,780    -16.1%
DOMESTIC SSC (1)   2,259    1,997    13.1%   2,329    -3.0%   20,967    13,275    57.9%   21,852    -4.0%
DOMESTIC BRAZIL (2)   2,582    2,244    15.0%   2,969    -13.1%   23,240    14,804    57.0%   25,246    -7.9%
INTERNATIONAL (3)   867    330    163.0%   1,239    -30.0%   6,814    1,839    270.6%   13,682    -50.2%
                                                   
LATAM AIRLINES CARGO OPERATIONS                                              
                                                   
REVENUE TON KILOMETERS (Cargo) (million)                                         
SYSTEM   316    266    18.8%   299    5.9%   2,896    2,469    17.3%   2,900    -0.1%
                                                   
AVAILABLE TON KILOMETERS (Cargo) (million)                                         
SYSTEM   571    439    30.2%   547    4.5%   5,085    3,832    32.7%   5,264    -3.4%
                                                   
CARGO LOAD FACTOR                                         
SYSTEM   55.4%   60.7%   -5.3pp    54.6%   0.7pp    57.0%   64.4%   -7.5pp    55.1%   1.9pp 

 

Note: While Argentina's domestic operations are considered in the 2019 operational statistics above, LATAM announced the indefinite cessation of its domestic passenger and cargo operations in Argentina on June 17, 2020.

INVETSOR RELATIONS CONTACT INFORMATION 
LATAM Airlines Group S.A. 
  
Investor Relations2
InvestorRelations@latam.com 
Tel: (56-2) 2565-3844 
www.latamairlinesgroup.net 

 

About LATAM Airlines Group S.A.

 

LATAM Airlines Group S.A and its subsidiaries are the principal group of airlines in Latin America present in five domestic markets in the region: Brazil, Chile, Colombia, Ecuador and Peru, in addition to international operations within Latin America and between it and Europe, the United States, and the Caribbean.

 

The group has a fleet of Boeing 767, 777, 787, Airbus A321, A320, A320neo and A319 aircraft.

 

LATAM Cargo Chile, LATAM Cargo Colombia, and LATAM Cargo Brazil are the LATAM group cargo subsidiaries. In addition to having access to the passenger cargo holds of the passenger affiliates aircraft, they have a fleet of 16 freighters, wich will gradually reach a total of up to 21 freighters by 2023.

 

They operate on the LATAM group network as well as international routes that are solely used for shipping. They offer modern infrastructure, a wide variety of services and protection options to meet all customer needs.

 

For LATAM Cargo press inquiries, write to comunicaciones.externas@latam.com. More financial information is available at www.latamairlinesgroup.net

 

Note on Forward-Looking Statements

 

This report contains forward-looking statements. Such statements may include words such as “may” “will,” “expect,” “intend,” “anticipate,” “estimate,” “project,” “believe” or other similar expressions. Forward-looking statements are statements that are not historical facts, including statements about our beliefs and expectations. These statements are based on LATAM’s current plans, estimates and projections and, therefore, you should not place undue reliance on them. Forward-looking statements involve inherent known and unknown risks, uncertainties and other factors, many of which are outside of LATAM’s control and difficult to predict. We caution you that a number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. These factors and uncertainties include in particular those described in the documents we have filed with the U.S. Securities and Exchange Commission. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update publicly any of them, whether in light of new information, future events or otherwise.

 

Notes

 

(1)Domestic SSC = Domestic passenger operations in Spanish speaking countries carried by LAN. Passenger statistics include domestic operations in Chile, Peru, Ecuador and Colombia.
(2)Domestic Brazil = Domestic passenger operations of TAM in Brazil.
(3)International = International passenger operations of LAN and TAM.

INVETSOR RELATIONS CONTACT INFORMATION 
LATAM Airlines Group S.A. 
  
Investor Relations3
InvestorRelations@latam.com 
Tel: (56-2) 2565-3844 
www.latamairlinesgroup.net