LATAM cargo revenues slumped by 10.8 per cent

CARGO revenues at LATAM slumped by 10.8 per cent during the fourth quarter of 2013 as a result of a four per cent decline in traffic and a 7.1 per cent drop in yield.
The situation remains weak amid competitive pressures from regional and international competitors, says the company.
The yield decline was caused in part by the negative impact of a 10.6 per cent depreciation of the Brazilian real during the period, on cargo revenues earned in the Brazilian domestic market.
“The company continues with a rational and disciplined approach towards freighter capacity utilisation, in line with a still challenging and competitive scenario in Latin American cargo markets, while focused on maximising the belly utilisation of the company’s passenger fleet,” says a statement.
In November, the airline cancelled the delivery of one B767 freighter, thus reducing its overall cargo capacity by 6.2 per cent during the quarter.
The statement reveals that LATAM expects cargo ATKs to decrease by up to two per cent in 2014, driven by the further rationalisation of its cargo operations.

Share this story

Related Topics

Latest airlines news

Worsening box line disruption to have limited air cargo impact

Disruption to container shipping operations out of Asia has unexpectedly worsened over recent weeks but the development is expected to…

Read More

Share this story

United Cargo joins third-party booking portals with WebCargo partnership

United Cargo is placing its airfreight capacity on a third-party online booking platform for the first time through a partnership…

Read More

Share this story

Record volumes for Saudia Cargo in Q1

Saudia Cargo had a record first quarter in terms of cargo volumes as shipments of fashion, e-commerce and express goods…

Read More

Share this story

Air Cargo News

Air Cargo News
Established in 1983, Air Cargo News is the leading source of news, information, interviews, analyses and reports to the global airfreight industry. Our leading portfolio includes print, digital and events that give businesses in the airfreight industry the ability to connect with decision-makers in this sector.