Top News

|  Essar Shipping loss widens to INR 176 crore in Q4  |    |  200 MW solar projects to come up at major ports  |    |  Paradip Port awarded for 2nd highest Traffic growth by Ministry of Shipping  |    |  Aviation ministry to plan path for Air India this week  |    |  Mundra ports quarterly profit up 27% to USD 182.6 million, sales up 18%  |    |  April air cargo rates up as Asia-North America volumes rise  |    |  DHL adds another China-Europe rail link  |    |  Railways to seek Cabinet nod for INR 35,000 cr development fund  |    |  Fraport profit soars 24.5% to USD 20.2 million, revenues rise 3.5%  |    |  CONCOR to start train service from ICD Agra to Mundra Port  |    |  Indian Railways will export 18 diesel locomotives to Myanmar  |    |  Korea seaport cargo up 6.6% in April  |    |  Toyota and Mitsubishi hope to run container port near Indonesian car plants  |    |  PMRDA to start work on ring road by October  |    |  AADA raises China-Australia rate USD 300 TEU July 1  |    |  PPT gets Shipping Ministry award  |    |  Centre govt. plans to upgrade vessel repairing facilities at 7 ports  |    |  Visakhapatnam Port to be modernised by 2019  |    |  CMA CGM launches 2nd loop between India, Mideast &Africa  |    |  Cochin Port to commemorate arrival of 1st vessel  |   
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