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
The following is a summary of the LATAM Airlines Group S.A. (LTMAY) Q1 2024 Earnings Call Transcript:
以下是拉美航空集團有限公司（LTMAY）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
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.
拉美集團在2024年第一季度表現強勁，報告收入爲33億美元，調整後的息稅前利潤率爲13.9％。
該公司公佈調整後的息稅折舊攤銷前利潤約爲8億美元，淨收入爲2.58億美元。
乘客不含燃料的成本保持穩定在每ASK0.043美元。
該集團成功將其調整後的淨槓桿率降至1.9倍，併產生了1.37億美元的正現金流。
該公司預計，由於全球飛機短缺以及隨之而來的價格上漲，2024年機隊成本約爲9億美元。
2024年的指引預計調整後的息稅折舊攤銷前利潤將增加，中點爲29億美元。
Business Progress:
業務進展：
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.
該公司運送了創紀錄的2,020萬名乘客，實現了84.4％的強勁載荷係數，運力恢復至2019年的水平。
巴西拉丁美洲在3月份創下了創紀錄的41％的國內市場份額，爲過去11年來的最高水平。
儘管飛機交付延誤和燃油價格居高不下，但運營仍然強勁。
該航空公司正在對其服務進行戰略改進，改造高級客艙，改善機上連接，並在利馬機場建造新的貴賓休息室。
LATAM董事會已批准重新開放和發行紐約交易所的計劃，但須視市場情況而定。
2024年的目標是在今年年底調整後的淨槓桿率在1.6至1.8倍之間。
評級機構對公司的業績給予了積極認可：穆迪（BA3，前景穩定）、標準普爾（B+評級，前景樂觀）和當地機構賣方（BBB，前景樂觀）。
該公司正專注於將其聖地亞哥、利馬和瓜魯柳斯樞紐的運營恢復到疫情前的水平，並正在重新推出疫情前的航線。
其ADR上市正在取得進展，董事會將批准上市時間。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。