Page 23 - STAT August 2022 for Magzter

In July, LATAM Cargo announced South America. Now, on the southbound,
a significant expansion of its Even if we concentrate we transport mainly electronics, mining
transatlantic freighter business, on sustainable equipment, pharmaceuticals, and con-
nearly doubling capacity between sumer goods.
European and U.S.A destinations, aviation fuels and look
as well as improved connection at the best available In the first quarter of 2022, LATAM
to Central and South America Cargo generated 430.7 million
through New York and Miami. solutions in terms of dollars in sales, a 63.5 % increase
Could you elaborate on your cargo over the first quarter of 2019. How
plans and when do you expect to fuel burn reduction, did you achieve this?
begin the service? we as an industry are This result shows a tremendous effort by
This is part of a larger expansion plan that the team to maintain capacity in the face
we revealed in 2021 when we indicated still falling short of of almost all belly capacity in 2019. Prior
we would raise our freighter fleet from 11 the effect we need to to Covid, about half of our lift came from
to anything in between 20 and 22 aircraft long haul belly capacity. To do this, we in-
by the end of 2023. The aim be- make. creased the usage of the cargo fleet while
hind the transatlantic expansion also adding extra planes, and running pas-
is to give more service options pacity between North America, and South senger freighters. On the other hand, you
to our clients in Europe, including America, particularly reinforcing our
both US stops and using the Mi- position in the flower markets of
ami hub to deliver new destinations South America. It also enables
in South and Central America. us to start launching some
of the freighter services
LATAM acquired their most between Europe and
recent Boeing 767 freighter con- North America and
version in May. What will be the then down connect-
primary purpose of this freighter? ing to South America.
We acquired three freighters between When we talk about
December and May, and we will receive northbound cargo
two more in September and December, as products, it's primarily
well as six more aircraft in 2023. Each air- flowers and salmon, and
craft is essentially a building we are increasing our
block in our strategy to grow. capacity by combining
The last freighter that we got freighters and recovering
enabled us to increase our ca- the belly operation out of

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