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Results at glance

Third Quarter
Consolidated Financial Highlights 2024 2023 Var.
Total Operating Revenue (US$ millions) 813 848 (4.1%)
TRASM (US$ cents) 9.38 8.37 12.0%
ASMs (million, scheduled & charter) 8,670 10,126 (14.4%)
Load Factor (RPMs/ASMs) 87.4% 86.4% 1.0 pp
Passengers (thousand, scheduled & charter) 7,614 8,691 (12.4%)
Fleet (at the end of the period) 137 125 12
Total Operating Expenses (US$ millions) 687 809 (15.1%)
CASM (US$ cents) 7.92 7.98 (0.8%)
CASM ex fuel (US$ cents) 5.39 4.91 9.9%
Adjusted CASM ex fuel (US$ cents)1 4.94 4.49 10.2%
Operating income (EBIT) (US$ millions) 126 39 >100.0%
% EBIT Margin 15.5% 4.6% 10.9 pp
Net income (loss) (US$ millions) 37 (39) N/A
% Net income (loss) Margin 4.6% (4.6%) 9.1 pp
EBITDAR (US$ millions) 315 207 52.2%
% EBITDAR Margin 38.7% 24.4% 14.3 pp
Net debt-to-LTM EBITDAR2 2.7x 3.5x (0.9x)
       
1 Excludes fuel expense, aircraft and engine variable lease expenses and sale and lease-back gains.
2 Includes short-term investments.