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Results at glance

Third Quarter
Consolidated Financial Highlights 2023 2022 Var.
Total Operating Revenue (US$ millions) 848 769 10.3%
TRASM (US$ cents) 8.37 8.22 1.8%
ASMs (million, scheduled & charter) 10,126 9,355 8.2%
Load Factor (scheduled, RPMs/ASMs) 86.4% 85.6% 0.7 pp
Passengers (thousand, scheduled & charter) 8,691 8,125 7.0%
Fleet (at the end of the period) 125 113 12
Total Operating Expenses (US$ millions) 809 734 10.2%
CASM (US$ cents) 7.98 7.85 1.7%
CASM ex fuel (US$ cents) 4.91 4.07 20.6%
Adjusted CASM ex fuel (US$ cents)1 4.49 3.74 20.1%
Operating income (EBIT) (US$ millions) 39 35 11.4%
% EBIT Margin 4.6% 4.6% 0.0 pp
Net (loss) income (US$ million) (39) 40 N/A
% Net (loss) income Margin (4.6%) 5.2% (9.8 pp)
EBITDAR (US$ millions) 207 175 18.3%
% EBITDAR Margin 24.4% 22.8% 1.6 pp
Net debt-to-LTM EBITDAR2 3.5x 3.4x 0.1x
       
1 Excludes fuel expense, aircraft and engine variable lease expenses and sale and lease-back gains.
2 Includes short-term investments.