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Results at glance

Second Quarter
Consolidated Financial Highlights 2025 2024 Var.
Total Operating Revenues (US$ millions) 693 726 (4.5%)
TRASM (US$ cents) 7.80 8.89 (12.2%)
ASMs (million, scheduled & charter) 8,885 8,173 8.7%
Load Factor (scheduled, RPMs/ASMs) 82.4% 85.5% (3.1 pp)
Passengers (thousand, scheduled & charter) 7,531 7,087 6.3%
Fleet (at the end of the period) 149 136 13
Total Operating Expenses (US$ millions) 715 660 8.3%
CASM (US$ cents) 8.05 8.08 (0.3%)
CASM ex fuel (US$ cents) 5.69 5.33 6.7%
Adjusted CASM ex fuel (US$ cents)1 5.11 4.86 5.2%
Operating (loss) income (EBIT) (US$ millions) (22) 66 N/A
% EBIT Margin (3.2%) 9.1% (12.3 pp)
Net (loss) income (US$ millions) (63) 10 N/A
% Net (loss) income Margin (9.1%) 1.4% (10.6 pp)
EBITDAR (US$ millions) 194 261 (25.7%)
% EBITDAR Margin 27.9% 35.9% (8.0 pp)
Net debt-to-LTM EBITDAR2 2.9x 2.9x
     
1 Excludes fuel expense, aircraft and engine variable lease expenses and sale and lease-back gains.
2 Includes short-term investments.