Earnings Call Summary | LATAM AIRLINES GROUP SA SPONS ADR EACH REPR 1 ORD(LTMAY.US) Q1 2024 Earnings Conference
Earnings Call Summary | LATAM AIRLINES GROUP SA SPONS ADR EACH REPR 1 ORD(LTMAY.US) Q1 2024 Earnings Conference
Passenger ex-fuel cost remained steady at $0.043 per ASK.The following is a summary of the LATAM Airlines Group S.A. (LTMAY) Q1 2024 Earnings Call Transcript:
以下是拉美航空集团有限公司（LTMAY）2024年第一季度财报电话会议记录摘要：
Financial Performance:
财务业绩：
LATAM Group displayed a strong Q1 2024 performance, reporting revenues of $3.3 billion and an adjusted EBIT margin of 13.9%.
The company posted an adjusted EBITDA of approximately $800 million and a net income of $258 million.
Passenger ex-fuel cost remained steady at $0.043 per ASK.
The group successfully lowered its adjusted net leverage to 1.9x and generated positive cash flow of $137 million.
For 2024, the company expects a fleet cost of around $900 million due to the global aircraft shortage and the resultant increased prices.
The 2024 guidance predicts a rise in adjusted EBITDA, with a midpoint of $2.9 billion.
拉美集团在2024年第一季度表现强劲，报告收入为33亿美元，调整后的息税前利润率为13.9％。
该公司公布调整后的息税折旧摊销前利润约为8亿美元，净收入为2.58亿美元。
乘客不含燃料的成本保持稳定在每ASK0.043美元。
该集团成功将其调整后的净杠杆率降至1.9倍，并产生了1.37亿美元的正现金流。
该公司预计，由于全球飞机短缺以及随之而来的价格上涨，2024年机队成本约为9亿美元。
2024年的指引预计调整后的息税折旧摊销前利润将增加，中点为29亿美元。
Business Progress:
业务进展：
The company transported a record-breaking 20.2 million passengers, obtained a robust load factor of 84.4%, and saw recovery in capacity to 2019 levels.
LATAM Brazil achieved a record domestic market share of 41% in March, its highest in the last 11 years.
Despite aircraft delivery delays and high fuel prices, operations remain strong.
The airline is making strategic improvements to its offerings, remodeling premium cabins, improving onboard connectivity, and building a new VIP lounge in Lima Airport.
Plans to reopen and release the New York Exchange, subject to market conditions, have been approved by LATAM's Board.
The aim for 2024 is to finish the year with an adjusted net leverage between 1.6 to 1.8x.
Rating agencies have positively recognized the company's performance: Moody's (BA3 with a stable outlook), S&P (B+ grade with a positive outlook), and local agency Seller (BBB with a positive outlook).
The company is focusing on reviving operations in its Santiago, Lima, and Guarulhos hubs to pre-pandemic levels and is re-launching pre-pandemic routes.
Progress is being made on its ADR listing, with the Board set to approve the timing of listing.
该公司运送了创纪录的2,020万名乘客，实现了84.4％的强劲载荷系数，运力恢复至2019年的水平。
巴西拉丁美洲在3月份创下了创纪录的41％的国内市场份额，为过去11年来的最高水平。
尽管飞机交付延误和燃油价格居高不下，但运营仍然强劲。
该航空公司正在对其服务进行战略改进，改造高级客舱，改善机上连接，并在利马机场建造新的贵宾休息室。
LATAM董事会已批准重新开放和发行纽约交易所的计划，但须视市场情况而定。
2024年的目标是在今年年底调整后的净杠杆率在1.6至1.8倍之间。
评级机构对公司的业绩给予了积极认可：穆迪（BA3，前景稳定）、标准普尔（B+评级，前景乐观）和当地机构卖方（BBB，前景乐观）。
该公司正专注于将其圣地亚哥、利马和瓜鲁柳斯枢纽的运营恢复到疫情前的水平，并正在重新推出疫情前的航线。
其ADR上市正在取得进展，董事会将批准上市时间。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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译文内容由第三方软件翻译。
