Summary
- LATAM reported a 10.3% increase in passenger traffic compared to last year, with 6.5 million passengers flown in June 2024.
- International passengers saw the largest increase, rising by 26.7% year-on-year, while domestic operations in Brazil saw a 3.1% increase, despite flooding impacting operations in Porto Alegre.
- LATAM made a $258 million profit in Q1 2024.
LATAM has released its latest passenger figures, showing a significant increase in passenger traffic compared to last year. Across the LATAM Airlines Group, a total of 6.5 million passengers were carried in June 2024, representing a 10.3% increase on the 5.9 million passengers carried in June 2023.
By far the largest increase was in the number of international passengers, which rose from 1.0 million to 1.2 million over the same period (an increase of 26.7% year-on-year). Domestic operations in Brazil saw an increase in passenger numbers of 3.1% between June 2023 and June 2024, with domestic passenger figures across the group’s other airlines rising by 11.7%.
Photo: LATAM
In the first half of this year, LATAM carried more than 39 million passengers, a 15.5% increase on the same period last year. Financially speaking, the airline group is performing well, too, making a $258 million profit in Q1 2024. It remains to be seen if this trend will continue when LATAM releases its Q2 financial results in August.
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Operations impacted by flooding in Porto Alegre
LATAM Airlines Brazil’s 3.1% increase in domestic passenger numbers year-on-year comes despite one of the airports in the carrier’s route network being out of action. Porto Alegre–Salgado Filho International Airport (POA) was closed in May 2024 after sustaining damage during severe floods in the area. Undoubtedly, had the airport remained operational, the increase in passenger numbers would have been even larger.
Photo: Thiago B Trevisan | Shutterstock
Prior to the closure, LATAM operated an average of 24 flights per day to and from Porto Alegre, and is currently in the process of re-allocating that capacity to other routes. Among the domestic destinations served by LATAM Airlines Brazil from Porto Alegre are São Paulo Congonhas (CGH), Brasília (BSB), and Curitiba (CWB). The airport is expected to reopen in October, at which point, the carrier plans to resume its operations there.
LATAM’s vast and growing fleet
LATAM Airlines Group is made up of the following airlines:
- LATAM Airlines Brazil
- LATAM Airlines Chile
- LATAM Airlines Colombia
- LATAM Airlines Ecuador
- LATAM Airlines Peru.
Photo: Philip Pilosian | Shutterstock
The group’s primary international hubs are at Guarulhos International Airport (GRU) in São Paulo and Arturo Merino Benítez International Airport (SCL) in Santiago de Chile. According to the latest data from ch-aviation, the group has a vast fleet of 318 aircraft, including 56 widebody aircraft (nine Boeing 767-300ERs, 10 777-300ERs, 10 787-8s, and 27 787-9s). This is set to grow further, with an additional 91 aircraft still on order, awaiting delivery, which includes 67 Airbus A321neos and 10 A321XLRs.
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What do you think of the latest passenger traffic figures released by LATAM? Do you expect to see further increases over the coming months? Share your thoughts by commenting below.