航空集团 SA 警告称，即便中东紧张局势缓和，能源成本仍可能保持高位，导致该航空公司的容量增长放缓。
Airlines Group SA warns that energy costs could remain elevated even if tensions in the Middle East ease, leading to slower capacity growth for the carrier.
首席执行官 Roberto Alvo 表示，市场仍面临炼油限制，并寻求冲突持续解决的方案。LATAM 将第三季度喷气燃料价格假设为每桶 147 美元，第四季度为 130 美元，远低于当前约 190 美元的交易价格。
Chief Executive Officer Roberto Alvo said the market still faces refining constraints and is looking for a sustained resolution for the conflict. Latam had assumed jet fuel at $147 a barrel for the third quarter and $130 for the fourth quarter, well below the roughly $190 it’s trading at now.
Alvo 表示，他不会说明更高的成本将如何影响 LATAM 在即将公布的第三季度业绩之前的前景，第三季度业绩定于 11 月 3 日。LATAM 在 5 月削减了全年调整后 EBITDA 指引，这是一项盈利指标，随后在 8 月提供了略有改善的展望，当时它下调了燃料价格假设。
Alvo declined to say how higher costs will affect Latam’s outlook ahead of its third-quarter results on Nov. 3. Latam cut its full-year adjusted Ebitda guidance, a measure of profitability, in May. It then provided a slightly more upbeat outlook in August when it lowered its fuel-price assumptions.
Alvo 向 Bloomberg News 表示，需求仍保持强劲，尽管机票价格上涨。“旅客可能不再频繁用于替换汽车或电视”，他补充道，以优先考虑旅行和体验。
Demand has remained resilient despite higher fares, Alvo told Bloomberg News. “Travelers may be replacing cars or televisions less frequently” to prioritize travel and experiences, he added.
LATAM 专注于高价值乘客，这也帮助缓冲了飞机座位率的轻微下降，弱势主要集中在对价格更敏感的旅客中。Alvo 表示，航空公司愿意为更高的整体收入容忍乘客减少。
Latam’s focus on higher-value passengers has also helped cushion a slight decline in plane occupancy, as the weakness is concentrated among more price-sensitive travelers. Alvo said the carrier is willing to tolerate having fewer passengers for higher overall revenue.
然而，该公司的飞机座位率（加载率）自 4 月以来一直低于去年同期水平。9 月份完成的季度中，加载率跌至 83.7%，比去年同期下降了 1.7 个百分点。Citi 表示，随着燃料成本上升推高机票价格并抑制需求，该指标将保持低迷，据本月的一份备忘录显示。
Still, the company’s plane occupancy, or load factor, has lagged year-earlier levels since April. September capped a quarter in which load factor declined to 83.7%, 1.7 percentage points lower than a year earlier. Citi expects the measure to remain subdued as higher fuel costs push up fares and weigh on demand, according to a note this month.
随着总部在圣地亚哥的航空公司推进在巴西的更广泛扩张，墨西哥也为其增长提供了另一条途径。Alvo 表示，新型超远程空客飞机可能使前往蒙特雷和瓜达拉哈拉的航线更具可行性，从而让 LATAM 的服务范围超出目前仅限于墨西哥城和坎昆的航班。
As the Santiago-based airline pursues a broader expansion in Brazil, Mexico offers another avenue for growth. Incoming extra-long-range Airbus jets could make routes to Monterrey and Guadalajara more viable, Alvo said, extending Latam’s service beyond its current flights to Mexico City and Cancún.
墨西哥与巴西之间的连通性仍然出人意料地有限，每天仅有两班航班，这为从首都及其他墨西哥城市开通新航班留下了空间。
Connectivity between Mexico and Brazil remains surprisingly limited, with only two flights a day, leaving room for new flights from the capital and other Mexican cities.