E-commerce and Asia Demand Drive LATAM Cargo's Strong Q1 Performance Amid Fuel Spike
LATAM Cargo reported a robust first quarter, with revenue climbing 26.6% year-on-year to $1.1 billion. This growth was primarily driven by a surge in e-commerce traffic and sustained strong demand from Asian markets. Despite a significant 28.5% increase in fuel prices, the airline managed to improve its cargo yields by 19.3%. The carrier maintained a healthy load factor of 56.6% while continuing to expand its fleet with converted Boeing 767 freighters. This performance highlights the air cargo sector's resilience, successfully leveraging key growth markets to offset rising operational costs.
Official Source: https://theloadstar.com/ecommerce-and-asia-demand-keep-latam-cargo-buoyant-despite-fuel-spike/