PRESS RELEASE – 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.
Average load factors for the month of July were just under 76 percent.
Revenue per available seat mile, a key aviation performance indicator, has shown growth of 16 percent in the past year.
The airline’s positive performance has resulted in 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 Barbados-Guyana route which saw strong growth in both revenue and passenger numbers versus July 2014
-Antigua-Dominica, Barbados-St Vincent and Tortola-St Maarten routes also performed well and showed impressive growth
-Of the 17 destinations served by LIAT, the top five destinations with the biggest increase in passenger arrivals were:
-Guyana arrivals increased by 62 percent
– Tortola saw growth of 32 percent in passenger arrivals
-Barbados with arrivals increasing by 15 percent
– St Maarten arrivals increased by 15 percent year on year, and
-Antigua saw steady growth of 9 percent
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 percent, 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 percent, and the highest yielding route was Tortola-San Juan.
This strong performance has been coupled with a growth of 8 percent in daily aircraft utilisation, which is the measure of hours flown daily by LIAT’s ATR fleet.