LATAM: Spanish speaking markets make up 19.7% of group revenues in 4Q2019

LATAM Airlines Group reported (03-Mar-2020) domestic operations in Spanish speaking countries accounted for 19.7% of total passenger revenue in 4Q2019. Consolidated capacity increased 9% year-on-year, while traffic (RPK) increased 3.8%. Load factor declined 3.9pp to 78.3%, mainly explained by social unrest in Chile. Excluding Chilean operations, capacity would have increased 12.9%, RPKs increased 11.8% and load factor would have reached 81.9%. Revenues per ASK in USD declined by 4.7% due to protests in Chile and currency devaluation. [more - original PR]