{"id":146427,"date":"2023-12-19T13:05:47","date_gmt":"2023-12-19T13:05:47","guid":{"rendered":"https:\/?p=146427"},"modified":"2023-12-20T13:06:08","modified_gmt":"2023-12-20T13:06:08","slug":"latam-projects-passenger-operations-growth-between-12-and-14-by-2024","status":"publish","type":"post","link":"https:\/\/aviacionaldia.com\/en\/2023\/12\/latam-projects-passenger-operations-growth-between-12-and-14-by-2024.html","title":{"rendered":"LATAM projects passenger operations growth between 12% and 14% by 2024"},"content":{"rendered":"<p><strong>LATAM Airlines Group<\/strong> released on Tuesday its guidance for 2024, which contains operational and financial projections. The group estimates a growth for next year in its passenger operations between 12% and 14% (measured in available seat kilometers &#8211; ASK), estimating to exceed 2019 levels during the first quarter of 2024. In the case of the subsidiary&#8217;s domestic passenger market in Brazil, growth is projected between 7% and 9%.<\/p>\n<p>LATAM Cargo subsidiaries expect growth of between 10% to 12% in their operations (measured in available tonne-kilometers &#8211; ATK). To date, the cargo subsidiaries have a total of 19 freighter aircraft completing their reported fleet plans by 2021, reinforcing their position as the largest cargo airline group in Latin America.<\/p>\n<p><em><strong>\u2192 <a href=\"https:\/en\/2023\/12\/latam-launches-new-route-between-bogota-and-madrid.html\">LATAM launches new route between Bogota and Madrid<\/a><\/strong><\/em><\/p>\n<p>In financial terms, the group projects record adjusted EBITDAR (earnings before interest, taxes, depreciation and amortization and rent costs) for 2024 of between US$2.6 billion and US$2.9 billion.<\/p>\n<p>&#8220;LATAM Group&#8217;s projections for the coming year are a reflection of the group&#8217;s operational and financial performance, as well as its competitiveness,&#8221; said Ramiro Alfons\u00edn, CFO of LATAM Airlines Group.<\/p>\n<p>At the same time, the group continues to reduce its net leverage level (net financial debt\/adjusted EBITDAR), expecting to close 2024 between 1.8x to 2.0x (times), which represents a reduction in its indebtedness of approximately 50% versus the leverage levels after the successful exit of the Chapter 11 restructuring process.<\/p>\n<p>In terms of liquidity, LATAM expects to have between US$2.8 billion and US$3 billion by the end of next year, as well as to maintain its solid capital structure.<\/p>\n","protected":false},"excerpt":{"rendered":"LATAM Airlines Group released on Tuesday its guidance for 2024, which contains operational and financial projections. The group&hellip;\n","protected":false},"author":4312,"featured_media":118858,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","footnotes":""},"categories":[1],"tags":[603,230,1063,211],"class_list":{"0":"post-146427","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-airlines","8":"tag-aerolinea-en-2","9":"tag-airline","10":"tag-latam","11":"tag-latin-america"},"uagb_featured_image_src":{"full":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/11\/Pasajeros-de-avion.jpg",800,400,false],"thumbnail":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/11\/Pasajeros-de-avion-150x150.jpg",150,150,true],"medium":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/11\/Pasajeros-de-avion-300x150.jpg",300,150,true],"medium_large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/11\/Pasajeros-de-avion-768x384.jpg",768,384,true],"large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/11\/Pasajeros-de-avion.jpg",800,400,false],"1536x1536":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/11\/Pasajeros-de-avion.jpg",800,400,false],"2048x2048":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/11\/Pasajeros-de-avion.jpg",800,400,false],"pk-small":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/11\/Pasajeros-de-avion.jpg",80,40,false],"pk-thumbnail":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/11\/Pasajeros-de-avion.jpg",300,150,false],"csco-small":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/11\/Pasajeros-de-avion-80x80.jpg",80,80,true],"csco-intermediate":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/11\/Pasajeros-de-avion-200x140.jpg",200,140,true],"csco-thumbnail":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/11\/Pasajeros-de-avion-380x220.jpg",380,220,true],"csco-thumbnail-alternative":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/11\/Pasajeros-de-avion-300x180.jpg",300,180,true],"csco-thumbnail-uncropped":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/11\/Pasajeros-de-avion-380x190.jpg",380,190,true],"csco-medium":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/11\/Pasajeros-de-avion.jpg",800,400,false],"csco-medium-alternative":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/11\/Pasajeros-de-avion-560x336.jpg",560,336,true],"csco-medium-uncropped":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/11\/Pasajeros-de-avion.jpg",800,400,false],"csco-large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/11\/Pasajeros-de-avion.jpg",800,400,false],"csco-large-uncropped":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/11\/Pasajeros-de-avion.jpg",800,400,false],"csco-extra-large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2021\/11\/Pasajeros-de-avion.jpg",800,400,false]},"uagb_author_info":{"display_name":"Dergam Mousa","author_link":"https:\/\/aviacionaldia.com\/en\/author\/dmousa"},"uagb_comment_info":0,"uagb_excerpt":"LATAM Airlines Group released on Tuesday its guidance for 2024, which contains operational and financial projections. The group&hellip;","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts\/146427","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/users\/4312"}],"replies":[{"embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/comments?post=146427"}],"version-history":[{"count":1,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts\/146427\/revisions"}],"predecessor-version":[{"id":146428,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts\/146427\/revisions\/146428"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/media\/118858"}],"wp:attachment":[{"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/media?parent=146427"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/categories?post=146427"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/tags?post=146427"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}