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LATAM group projects 12% to 14% growth in its passenger operations in 2024

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The group provided its financial and operational projections for the next year, estimating between US$2.6 billion and US$2.9 billion adjusted EBITDAR.

SANTIAGO (CHILE) – LATAM Group released its guidance for 2024, which contains operational and financial projections. The group estimates growth for next year in its passenger operations between 12% and 14% (measured in available seat kilometers – ASK), projecting to surpass 2019 ASK levels during the first quarter of 2024. In the case of the Brazil domestic market, growth is projected to be between 7% and 9%.

Financially, the group forecasts record adjusted EBITDAR between US$2.6 billion and US$2.9 billion for 2024.

“LATAM Group projections for next year reflect a strong operational and financial performance, as well as the group’s competitiveness”, commented Ramiro Alfonsín, CFO of LATAM Airlines Group. 

At the same time, the group continues to decrease its net leverage (net financial debt/adjusted EBITDAR), expecting to close 2024 between 1.8x and 2.0x, which represents an approximate 50% reduction from its leverage level following its successful exit from the Chapter 11 restructuring process.

In terms of liquidity, LATAM projects between US$2.8 billion and US$3.0 billion for the end of next year, as well as maintaining its solid capital structure.

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