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Results at glance

Fourth Quarter
Consolidated Financial Highlights 2024 2023 Var.
Total Operating Revenue (US$ millions) 835 899 (7.1%)
TRASM (US$ cents) 9.35 9.56 (2.2%)
ASMs (million, scheduled & charter) 8,930 9,402 (5.0%)
Load Factor (RPMs/ASMs) 87.3% 88.1% (0.8 pp)
Passengers (thousand, scheduled & charter) 7,848 8,247 (4.8%)
Fleet (at the end of the period) 143 129 14
Total Operating Expenses (US$ millions) 718 735 (2.3%)
CASM (US$ cents) 8.04 7.81 2.9%
CASM ex fuel (US$ cents) 5.68 4.86 16.8%
Adjusted CASM ex fuel (US$ cents)1 5.25 5.07 3.5%
Operating income (EBIT) (US$ millions) 117 164 (28.7%)
% EBIT Margin 14.0% 18.3% (4.2 pp)
Net income (US$ millions) 46 112 (58.9%)
% Net income Margin 5.5% 12.5% (7.0 pp)
EBITDAR (US$ millions) 331 281 17.8%
% EBITDAR Margin 39.6% 31.3% 8.4 pp
Net debt-to-LTM EBITDAR2 2.6x 3.3x (0.8x)
     
1 Excludes fuel expense, aircraft and engine variable lease expenses and sale and lease-back gains.
2 Includes short-term investments.