LATAM passenger traffic drops 1.4 pct in January
SANTIAGO Feb 10 (Reuters) - Latin America's largest carrier, LATAM Airlines Group SA, said on Monday that total passenger traffic decreased 1.4 percent in January year over year.
The company was formed in 2012 from the tie-up of Chile's flagship LAN and Brazilian airline TAM.
In January, Brazilian domestic passenger traffic dropped 3.7 percent, while non-Brazil domestic passenger traffic rose 6.8 percent, the carrier said in a statement.
The company has been cutting capacity in Brazil to boost efficiency and shore up margins. With the reductions, its planes have been flying closer to full capacity.
Load factor, a measure of how full planes are, rose 1.8 points to 83.5 percent in its overall passenger operations. In Brazil, load factor decreased 0.5 percentage points to 83.9 percent.
LATAM Airlines has domestic operations in Argentina, Brazil, Chile, Colombia, Ecuador, and Peru.
International passenger traffic declined 2.3 percent in January, while cargo traffic grew 0.9 percent. (Reporting by Alexandra Ulmer; Editing by Bernard Orr)
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