Santiago (Chile), December 14, 2023 – LATAM group released today its guidance for 2024, which contains operational and financial projections. The group estimates growth for next year in its passenger operations between 12% and 14% (measured in available seat kilometers - ASK), projecting to surpass 2019 ASK levels during the first quarter of 2024. In the case of the Brazil domestic market, growth is projected to be between 7% and 9%.

LATAM Cargo’s subsidiaries expect growth between 10% to 12% in their operations (measured in available ton kilometers - ATK). To date, LATAM Cargo’s subsidiaries have a total of 19 cargo aircraft, completing their fleet plan announced in 2021 and reinforcing their position as the largest cargo airline group in Latin America.

Financially, the group forecasts record adjusted EBITDAR between US$2.6 billion and US$2.9 billion for 2024.

“LATAM group projections for next year reflect a strong operational and financial performance, as well as the group’s competitiveness”, commented Ramiro Alfonsín, CFO of LATAM Airlines Group.

At the same time, the group continues to decrease its net leverage (net financial debt/adjusted EBITDAR), expecting to close 2024 between 1.8x and 2.0x, which represents an approximate 50% reduction from its leverage level following its successful exit from the Chapter 11 restructuring process.