LATAM Airlines Group has seen cargo volumes fall again in March with revenue tonne kilometres (RTK) dropping by 11.1 per cent to 302 million.
Cargo volumes have continued to fall faster than capacity in available tonne kilometres (ATK), which were down by 3.6 per cent in March to 576 million. The load factor was down by 4.4 per cent to 52.4 per cent.
Between January and March, RTK has fallen by 9.8 per cent to 875 million with ATK down 3.4 per cent to 1.7 billion. The load factor has fallen by 3.6 percentage points to 51.2 per cent so far this year.
LATAM Airlines Group has also announced its cargo division will be consolidated under one brand, LATAM Cargo. The new brand unites LAN Cargo, TAM Cargo, LAN CARGO Columbia and Mas Air aims to position itself as the leader in the region’s perishable market.
LATAM Airlines Group cargo executive vice president, Cristian Ureta says: “Apart from representing each affiliate’s best and offering consistent and impeccable service, this change also involves an evolution internally in relation to how we do things, how we deal with issues and how we come up with solutions.”