LIAT releases strong network performance figures
ST JOHN’S – LIAT has announced strong network performance figures, in terms of passenger numbers, revenue and yield, when comparing figures for July 2015 versus the same period in 2014.
The airline reported that average load factors for the month of July were just under 76 per cent.
Revenue per available seat mile, a key aviation performance indicator, has shown growth of 16 per cent in the past year.
The airline’s positive performance has resulted in what the release called “the best month for LIAT in recent years” with a net profit declared in July 2015.
The highlights which have contributed to this strong performance include:
The best performing route for LIAT was Barbados-Guyana which nearly doubled its revenue year on year, followed by Tortola-St Maarten which generated an additional 57 percent of revenue year on year.
The new non-stop routes which were launched in mid-July are already developing well, with load factors on all routes averaging over 73 per cent, and showing positive trends. This steady performance is expected to continue over the rest of the summer. The highest load factors were on the new Barbados-Trinidad and Barbados-Guyana nonstop services, achieving well over 80 per cent, and the highest yielding route was Tortola-San Juan.
This strong performance has been coupled with a growth of eight percent in daily aircraft utilisation, which is the measure of hours flown daily by LIAT’s ATR fleet. (PR)