LFL: Traffic Update Dec' 12 - Analyst Blog
January 16 2013 - 8:20AM
Zacks
Latin American airlines,
LATAM Airlines Group S.A. (LFL), together with its
subsidiaries, came out with its air traffic update yesterday for
the month of December 2012 in comparison with the year-ago
month.
The company’s passenger traffic in December 2012 increased 10%
while capacity rose by 7.4%. Of the total, Brazilian domestic
passenger traffic registered a 10.5% increase along with a capacity
decline of 3.7% while non-Brazilian domestic passenger traffic
recorded a 10.6% hike as capacity rose by 11.6%. In the
international arena, capacity increased a whopping 15% and
passenger traffic shot up 9.6%.
Considering the load factor, the airlines’ witnessed a 1.8 point
increase in the month of December; with overall load factor coming
to 78.2%. Passenger load factor for Brazilian operations spiked
10.5 points to 81.9% while non-Brazilian passenger load factor
decreased by 0.7 points to 78.1%. International passenger load
factor decreased by 3.7 points to 75.7%.
In addition to the passenger traffic statistics, LATAM also
released its cargo traffic details for the month of December 2012.
Cargo traffic rose 3.1% while capacity increased 5.5%. Load factor
at 61.3% represented a 1.4 point decrease.
LATAM Airlines Group S.A. is one of the leading South American
passenger and cargo air transportation service providers. The
company was the result of the merger between LAN Airlines S.A. and
TAM S.A.
The current Zacks Consensus Estimate for the fourth quarter 2012 is
20 cents while that for 2012 and 2013 are 41 cents and $1.01,
respectively; reflecting year-over-year decline of 56.4% for 2012
and increase of 146.9% for 2013.
LATAM Airlines Group currently carries a Zacks Rank #5 (Strong
Sell) while its peer companies, Delta Air Lines
Inc. (DAL) and GOL Linhas A (GOL) bear a
Zacks Rank #3 (Hold).
DELTA AIR LINES (DAL): Free Stock Analysis Report
GOL LINHAS-ADR (GOL): Free Stock Analysis Report
LAN CHILE-ADR (LFL): Free Stock Analysis Report
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