LATAM Airlines says passenger traffic rose in September
SANTIAGO Oct 9 (Reuters) - LATAM Airlines , Latin America's largest airline, reported a 2.6 percent rise in passenger traffic in September compared with a year ago, while capacity also increased.
Load factor - a measure of how full planes are - increased 1.3 percentage points to 84.3 percent. The company, which was formed in 2012 in a tie-up between Chile's LAN and Brazil's TAM, has been cutting routes to fly fuller planes and shore up operating margins.
The increase in passenger traffic and load factor was driven by its domestic and international non-Brazilian operations, the traffic data showed. In Brazil, traffic fell 1.4 percent year-on-year and load factor slipped 1.6 percentage points. (Reporting by Rosalba O'Brien; Editing by W Simon)
© Thomson Reuters 2016 All rights reserved.