Latin America Airlines: Weekly Capacity Scheduling Tracker (July-31)

研报英文原文证据摘录

Latin America Airlines: Weekly Capacity Scheduling Tracker (July-31)

Viewpoint |

03 Aug 2026 18:42:28 ET │ 24 pages

Latin America Airlines

Weekly Capacity Scheduling Tracker (July-31)

CITI'S TAKE

Filipe Nielsen AC

This is our tracker to assess how airlines in Latin America are allocating +55-11-4009-5213

capacity over the coming months, highlighting changes in flights and seat filipe.nielsen@citi.com

offerings on a weekly basis. This week’s changes looked mixed among

carriers, with fuel volatility apparently limiting carriers’ visibility and

driving mixed reactions. Copa sustained the big increments from last

week, while LATAM increased near-term capacity but considerably

trimmed longer-term schedules. Mexican carriers increased growth in

the 4Q, with Volaris’s adjustments being the highlight. More details are

discussed below. Detailed charts are in the note.

Copa — Changes this week were mild, with targeted cuts concentrated in August.

The net decrease of 11 flights (-0.3% seats) came mainly from reallocating flights to

Venezuelan markets.

LATAM Airlines — Meaningful adjustments happened across the entire network. In

Brazil domestic, there were net cuts close to -1.0% seats/month from November

onwards, through offering less frequencies with the same flights. In Domestic SSC,

capacity growth in 3Q increased by +0.4p.p., with incremental seats at Peruvian and

Chilean markets for August and September. On the other hand, there were frequency

cuts from November onwards in all Andean countries. International followed similar

cuts in flights and frequencies from November onwards.

Aeromexico — Changes were concentrated on domestic markets, with a decrease

of -0.4% in available seats in October offset by net increments of +0.4% in

November and December.