LATAM Group passenger demand grew 17.6% in June 2024

LATAM group's consolidated capacity grew by 15.9% in June compared to the same month of 2023. This growth was driven by a 25.2% increase in the international capacity and a 9.4% increase in the domestic capacity of the affiliates in Chile, Colombia, Ecuador, and Peru. Additionally, LATAM Airlines Brazil domestic capacity also performed well, with a 5.7% increase despite the indefinite closure of Porto Alegre airport due to flooding that occurred in May.

In terms of consolidated passenger traffic, measured in revenue - passenger kilometers (RPK), there was a 17.6% increase in June. This can be attributed to a 25.5% increase in the international demand, an 11.5% increase in the domestic demand of the affiliates in Chile, Colombia, Ecuador, and Peru, and an 8.6% increase in the domestic demand of LATAM Airlines Brazil.

As a result, the consolidated load factor in June reached 84.2%, representing a 1.2 percentage point increase compared to the same month of 2023. The international segment's load factor performed particularly well, reaching 85.4%.

Furthermore, in June alone, the group transported over 6.5 million passengers, a 10.3% increase compared to the same month of 2023. In the second quarter, the group transported 19.1 million passengers, an 11.7% increase compared to the same quarter of the previous year.

Regarding its cargo operations, in June 2024 LATAM group increased capacity, measured in available ton - kilometers (ATK), by 17.2% compared to June 2023, reaching 670 million available ton - kilometers.

Porto Alegre Airport Closure:

Due to flooding in the state of Rio Grande do Sul, in southern Brazil, Salgado Filho International Airport in Porto Alegre (POA) closed indefinitely in May 2024. This forced LATAM Airlines Brazil to cancel all its operations at the airport, which represented an average of 24 daily frequencies as of the end of April 2024. Between May and June, the group has re

allocated 12% of that capacity to other markets, both domestic and international, and expects 100% of that capacity to be re-allocated to other airports or routes in August.

LATAM Airlines Brazil will resume operations in POA as soon as the airport reopens.