LATAM Estimates Operation of 67% Pre-pandemic Capacity for March, Maintaining Trend of Operational Stability

Within the context of international uncertainty that has resulted in high volatility in fuel prices, LATAM group estimates a passenger operation of up to 67% for March (measured in available seat kilometers - ASK) compared to the same month of 2019 (pre-pandemic scenario), continuing the trend of operational stability shown in recent months.

It is forecast that the domestic operations of Colombia and Brazil will drive the recovery compared to pre-pandemic levels, with estimated operational increases of 165% and 101% respectively. The operations of cargo subsidiaries are projected to reach levels equal to those prior to the global health crisis, with a 100% operational estimate for March.

One of the highlights of this month is the resumption of operations from Santiago (Chile) to Auckland (New Zealand) and Sydney (Australia).

LATAM plans to operate approximately 1,029 daily national and international flights during March, connecting 135 destinations in 20 countries. The cargo business has almost 1,200 cargo freighter flights scheduled with a level of utilization 7% higher on average than the same period in 2019. These projections are subject to the evolution of the pandemic, especially the latest cases of the Omicron variant in the countries where the group operates.

In February 2022, passenger traffic (measured in revenue passenger-kilometers - RPK) was 60.6% in relation to the same period in 2019, based on an operation measured in ASK (available seat kilometers) of 63.7% compared to February 2019. As a result, the load factor reached 79.8%.

With regard to cargo operations, the load factor was 61.5%, which corresponds to an increase of 9.2 percentage points compared to February 2019.