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Results at glance

Second Quarter
Consolidated Financial Highlights 2024 2023 Var.
Total Operating Revenue (US$ millions) 726 782 (7.2%)
TRASM (US$ cents) 8.89 7.92 12.2%
ASMs (million, scheduled & charter) 8,173 9,873 (17.2%)
Load Factor (RPMs/ASMs) 85.5% 84.6% 0.9 pp
Passengers (thousand, scheduled & charter) 7,087 8,373 (15.4%)
Fleet (at the end of the period) 136 123 13
Total Operating Expenses (US$ millions) 660 731 (9.7%)
CASM (US$ cents) 8.08 7.40 9.1%
CASM ex fuel (US$ cents) 5.33 4.82 10.7%
Adjusted CASM ex fuel (US$ cents)1 4.86 4.43 9.6%
Operating income (EBIT) (US$ millions) 66 51 29.4%
% EBIT Margin 9.1% 6.5% 2.6 pp
Net income (US$ millions) 10 6 66.7%
% Net income (loss) Margin 1.4% 0.7% 0.7 pp
EBITDAR (US$ millions) 261 212 23.1%
% EBITDAR Margin 35.9% 27.1% 8.8 pp
Net debt-to-LTM EBITDAR2 2.9x 3.5x (0.6x)
       
1 Excludes fuel expense, aircraft and engine variable lease expenses and sale and lease-back gains.
2 Includes short-term investments.