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Results at glance

Third Quarter
Consolidated Financial Highlights 2025 2024 Var.
Total Operating Revenues (US$ millions) 784 813 (3.6%)
TRASM (US$ cents) 8.65 9.38 (7.7%)
ASMs (million, scheduled & charter) 9,067 8,670 4.6%
Load Factor (scheduled, RPMs/ASMs) 84.4% 87.4% (3.0 pp)
Passengers (thousand, scheduled & charter) 7,855 7,614 3.2%
Fleet (at the end of the period) 152 137 15
Total Operating Expenses (US$ millions) 716 687 4.2%
CASM (US$ cents) 7.90 7.92 (0.2%)
CASM ex fuel (US$ cents) 5.48 5.39 1.7%
Adjusted CASM ex fuel (US$ cents)1 5.24 4.94 6.0%
Operating income (EBIT) (US$ millions) 68 126 (46.0%)
% EBIT Margin 8.6% 15.5% (6.9 pp)
Net income (US$ millions) 6 37 (83.8%)
% Net income Margin 0.8% 4.6% (3.8 pp)
EBITDAR (US$ millions) 264 315 (16.2%)
% EBITDAR Margin 33.6% 38.7% (5.1 pp)
Net debt-to-LTM EBITDAR2 3.1x 2.7x 0.4x
     
1 Excludes fuel expense, aircraft and engine variable lease expenses and sale and lease-back gains.
2 Includes short-term investments.