LATAM Cargo weathers 1Q headwinds with mild traffic gains

On the surface, it appeared to be a tough quarter for the cargo unit of Chile-headquartered LATAM Airlines Group. LATAM Cargo reported a steep 10.9% year-over-year drop in revenue, to US$263.5 million, in the first quarter of 2019, despite a 1.9% increase in cargo traffic to 899 million RTKs. After accounting for a $10 million […]

LATAM Cargo receives first 767 converted freighter

LATAM Airlines’ cargo division took redelivery of the first of three 767-300 converted freighters (34628) it has on order with Boeing. Redelivery of the second and third freighters in the order is expected in 2019 and 2020, respectively, at which time the carrier expects to have twelve 767-300Fs operating in its network. The carrier said […]

The right-sized freighter for trade imbalance in Latin America [VIDEO]

As economies in Latin America continue to rebound after an extended period of contraction, the region is seeing a resurgence in demand for freighters. Speakers on a Latin America-focused panel at Cargo Facts Symposium 2018 argued that the equipment utilized, and the networks in which freighters operate, are evolving to match the needs of today’s market. LATAM Cargo, […]

LATAM fleet rebalance sees 777 freighters shift to Atlas

Chile-based LATAM Airlines’ cargo division has finally offloaded the 777 freighters it planned to remove from its fleet by the end of 2017. Atlas Air Worldwide Holdings acquired the freighters and announced that its Southern Air subsidiary will operate both freighters on an ACMI basis for DHL Express. Southern Air has operated one of the […]

Air Cargo recovery on the horizon for Latin America?

Politics may still be in a tailspin in parts of Latin America, but there are signs that after years of declining traffic, the air cargo market in the region is finally beginning to regain altitude. The Latin American and Caribbean Air Transport Association (ALTA) recently reported March intra-Latin American cargo traffic transported by carriers headquartered in the […]

Qatar Airways takes 10% stake in LATAM

On 28 December, Qatar Airways, through its wholly-owned subsidiary Qatar Airways Investments, completed the acquisition of 10% of Chile-based LATAM Airlines Group, reaching a total of almost 61 million shares at a price of US$10 per share. The two carriers already cooperate as members of the oneworld alliance, and whether the acquisition of the stake […]

Atlas looks ahead

  Atlas Air Worldwide Holdings last week reported second-quarter net income down 27.5% y-o-y to $20.6 million, as expenses incurred in gearing up for the twenty-aircraft Amazon deal ate into profitability. Reported financial and operational results are shown in the chart at right, but perhaps more important than the results themselves is an examination of […]
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