LATAM Airlines Reported 12.5% Decline in Cargo Traffic for September

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It is from latest air cargo news report that the LATAM airlines group has revealed the statistical report of cargo traffic for the month of September. The report purely depicts the monthly cargo traffic of LATAM airlines and its subsidiaries. This year, there is continuous decline seen in cargo traffic due to multiple drastic conditions of the market along with the impacts of depreciation of currencies. This report clearly depicting the decline of cargo traffic compared to same month last year. It is expected that the cargo service traffic is going to continue decline in September, particularly in the domestic and international markets of Brazil. Due to this there is considerable decrease seen in cargo traffic of LATAM airlines. It is reported as 12.5 percent decline in cargo traffic for the month of September. At the same time, there is 6.6 points decline reported in cargo load factor reaching to 52.8 percent.

Although there is decline reported in cargo traffic there are some factors in which LATAM airlines group has reported considerable hikes. Supporting this statement, there is 2.7 percent growth seen in passenger traffic. At the same time, 3.2 percent increase is seen in the capacity of cargo service. Due to the noticeable increase seen in capacity, a little decrease of 0.5 points is seen in the load factor of the airlines group standing at 83.8 percent as final load factor. According to the statistical report, it is seen international passenger traffic alone is termed to be 54 percent of total passenger traffic that would take place in a month. It is good sign reporting international passenger growth but at the same time creating some fears about the local passenger traffic. Along with international passenger traffic, local passenger traffic is equally important for airlines to report good statistical growth every month and year as well.

Moreover, there is 4.3 percent increase seen in domestic passenger traffic of LATAM airlines group. Particularly, this growth is seen due to heavy Spanish speaking operations carried out leading to domestic traffic increase towards Peru, Colombia, Ecuador, Chile and Argentina. At the same time, 5.4 percent hike is seen in capacity. Consequently, an increase in capacity leads to decrease in load factor. Thus, LATAM airlines reported 80.1 percent load factor decreasing by 0.8 points. The situation is completely different in Brazil compared to other locations. LATAM airlines reported 3.4 percent decrease in domestic passenger traffic in Brazil.  At the same time, the capacity of LATAM airlines is seen decreased by 5.9 percent. Consequently, a considerable decrease in capacity of airlines will lead to an increase in load factor of airlines. The passenger load factor of Brazil has reported as 81.7 percent which is decreased by 2.2 points compared to last year records. While there is an increase of 5.8 percent seen in international passenger traffic along with 8.6 percent increase seen in capacity. As capacity increased, 2.3 points decline is seen in the international passenger load factor of LATAM airlines, reporting the final value as 86.2 percent. In this report, both international operations of LAN and TAM are included in international traffic which is measured on both local and long haul routes.

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