Santiago-headquartered Latam airline group has posted a 0.3 per cent year-on-year Q2 increase in cargo traffic to 799 million revenue tonne kms (RTK).

It's the first quarterly cargo demand improvement since Q2 2013, but back then, the airline handled 1.2 billion RTK, considerably more than this year.

 

“Imports from North America and Europe to Brazil continue to show an improvement year over year, driven by major imports of electronics and spare parts and the appreciation of the Brazilian Real,” the airline said.

 

Cargo revenues were down 1.3 per cent for the quarter to US$256 million as yields fell 1.6 per cent.

 

In total, the group recorded a Q2 net loss of US$138 million.