SANTIAGO, Sept 8 (Reuters) - LATAM Airlines, Latin America’s largest airline, reported a 5.5 percent rise in passenger traffic in August compared to a year ago, while capacity also increased.
Load factor - a measure of how full planes are - increased 3.6 percentage points to 84.5 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 margins.
Passenger traffic and load factor improved across its international and domestic operations, the traffic statistics showed. However, cargo traffic fell 1.9 percent, which LATAM said was due to a fall in imports in the region. (Reporting by Rosalba O‘Brien; Editing by Chizu Nomiyama)