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  • Writer's pictureTeam CargoTalk

LATAM group’s cargo subs expect growth of between 10% to 12% in ’24

LATAM Airlines projected record earnings for next year of between US 2.6 billion and US 2.9 billion as passenger numbers grow and it reduces its debt load after coming out of bankruptcy last year. “We welcome today’s announcement, which should be well received by the market,” analysts at J.P. Morgan stated. The group’s cargo subsidiaries expect growth of between 10% to 12% in their operations, as measured in available ton kilometers, next year. The airline operates in partnership with the UAE’s Emirates airline.

LATAM also estimates it will close 2024 with net leverage of between 1.8 and 2.0 times, “which represents an approximate 50% reduction from its leverage level following its successful exit from the Chapter 11 restructuring process,” the carrier said in a statement.

The airline also expects to end 2024 with between $2.8 billion and $3.0 billion in liquidity, “as well as maintaining its solid capital structure,” it said.

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