Top News

|  Volvo Auto India to hike prices by up to 2% from April  |    |  CSL to raise INR 1,400-1,500 cr through IPO  |    |  PNC Infratech wins INR 2,720-cr highway projects from NHAI  |    |  Damietta port throughput in January increases 31% to 87,800 TEU  |    |  Global container traffic up 4% in Q4 2016, Port Klang growth leads top 20  |    |  Pawan Hans to start Dilli Darshan chopper rides at INR 2,500  |    |  Port of Virginia is gearing up to handle 13,000-TEU plus ships  |    |  Govt. approves INR 2,029 cr project for JNPT channel expansion  |    |  SpiceJet to fly Kolkata-Dhaka daily  |    |  Dilip Buildcon declared successful bidder for INR 3,269 cr road projects  |    |  Ashok Leyland eyes stronger presence in logistics industry  |    |  APL to launch new CS5 to boost intra-Asia service network  |    |  Ethiopian Airlines adds Ahmedabad to its air cargo services  |    |  IWAI raises INR 340 cr through infrastructure bonds  |    |  Rail freight corridor may lead to lower bidding for road projects  |    |  Move to hike Vallarpadam handling charges opposed  |    |  AirAsia India announces two new routes  |    |  UK port volumes drop 3% in 2016 to total 473.5 mt  |    |  Air India to launch direct flight from Amritsar to Birmingham  |    |  BlackBuck raises nearly INR 476 cr from Sands Capital and existing investors  |   
You are here: Home » International News » Aviation» Latam sees cargo revenues down in fourth quarter and across 2016

Latam sees cargo revenues down in fourth quarter and across 2016

17 March 2017 | USA


Latam, has released its results for the fourth quarter of 2016 and details of its full-year performance.

Cargo revenues fell by 7.7% in the fourth quarter compared to the same period of 2015.

The carrier attributed the decline to a 3.1% decline in cargo traffic and a 4.8% decline in cargo yields in comparison to the fourth quarter of 2015. Exports to North America were hit by a downturn in the salmon industry, as well as a fall in exports of perishable exports such as flowers and asparagus.

Those declines were partially offset, however, by an improvement in import revenues from North America and from Europe to Brazil, partly as a result of the appreciation of the Brazilian Real.

LATAM and its affiliates continue to adjust freighter capacity to improve performance, while focusing on maximising utilisation of the passenger fleet’s bellyhold capacity, according to the carrier. In the fourth quarter, total cargo capacity, as measured in ATKs, declined by 5.9%; dedicated freighter capacity was down by 13.2% year on year.

This readjustment in available capacity allowed a year on year improvement in the load factor of 1.7 percentage points, the load factor reaching a figure of 57%.

Over the fourth quarter, cargo revenue accounted for 12.0% of the carrier’s total operating revenue; over the full year, the comparative figure was 11.7%. USD 10,126m in 2015. The decrease of 5.9% was the result of a 6.3% and a 16.5% decrease in passenger and cargo revenues respectively.

Transreproter Logo