LATAM Cargo revenues slide as economic uncertainty takes its toll

LATAM Cargo saw its revenues decline the  second quarter of the year, partly as a result of weaker demand in South America.

The Santiago-headquartered airline reported a 10.2% year-on-year decline in second quarter cargo revenues to $269.3m.

Cargo volumes, meanwhile, declined by 4.6% compared with a year ago to 220,000 tonnes, but the cargo load factor was up 0.9 percentage points to 55.8%.

The revenue result was partly affected by the sale of MasAir in the second half of last year, which reduced cargo revenues by around $10m.

“Import markets continued to show declines year-over-year, especially to Brazil and Argentina driven by weaker currencies and general economic uncertainty,” the airline said

“On the other hand, export markets continue improving, especially salmon from Chile.”

LATAM sees declining cargo traffic in first quarter

LATAM finalises Mas Air Cargo sale

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Damian Brett

Damian Brett
I have been writing about the freight and logistics industry since 2007 when I joined International Freighting Weekly to cover the shipping sector.After a stint in PR, I have gone on to work for Containerisation International and Lloyds List - where I was editor of container shipping - before joining Air Cargo News in 2015.Contact me on [email protected]