Santiago, January 10, 2025 — LATAM Group, Latin America’s leading airline conglomerate, has announced significant milestones for the year 2024, showcasing both passenger growth and expanded operations across the region.
Record-Breaking Passenger Numbers in December
In December 2024, LATAM transported 7.3 million passengers, reflecting a 5.4% increase compared to the same month in 2023. This is part of a larger trend throughout the year, with the group surpassing 82 million passengers between January and December 2024, marking an 11.0% increase over the previous year. This milestone represents the highest number of passengers ever transported by LATAM.
Increased Capacity and New Routes
LATAM also saw impressive growth in its capacity. The group increased its consolidated capacity, measured in available seat-kilometers (ASK), by 10.9% in December 2024 compared to December 2023. Notably, a 16.1% increase in international operations played a significant role in this expansion. The airline also launched several new international routes, including:
- Santiago to Bariloche (Argentina)
- Santiago to Recife (Brazil)
- Santiago to Punta del Este (Uruguay)
- Lima to Montego Bay (Jamaica)
- Lima to Rosario (Argentina)
On an annual basis, LATAM’s consolidated capacity for the year increased by 15.1% compared to 2023, in line with the group’s guidance from October.
High Load Factor and Cargo Expansion
LATAM’s load factor, which measures the percentage of available seating filled with passengers, was 84.8% in December. For the full year, the load factor reached 84.3%, marking an improvement of 1.2 percentage points compared to 2023.
In terms of cargo, LATAM also saw growth. The group’s cargo capacity, measured in available ton-kilometers (ATK), increased by 11.8% in December, totaling 747 million ATK. This growth reflects the ongoing strength of LATAM’s cargo operations.
LATAM Group Overview
LATAM Airlines Group S.A., along with its subsidiaries, is the largest airline group in Latin America, with operations in Brazil, Chile, Colombia, Ecuador, and Peru. The group also provides international services to Europe, Oceania, Africa, the United States, and the Caribbean.
LATAM’s fleet includes a range of Boeing and Airbus aircraft, such as the Boeing 767, 777, 787 and Airbus A320, A321, alongside newer A320neo and A321neo models. The group’s cargo subsidiaries, LATAM Cargo Chile, LATAM Cargo Colombia, and LATAM Cargo Brazil, operate a combined fleet of 22 freighters in addition to using the bellies of passenger aircraft. These cargo divisions serve both the LATAM group’s network and exclusive international routes, providing a modern infrastructure and a wide array of services to meet customer needs.
Credit: worldairlinenews.com
