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LATAM Airlines Group has seen a sharp decline in cargo volumes transported in March, which recorded a drop of 11.1% in monthly revenue. cargo volumes continued to fall faster than the capacity, which grew during the period, the total weight transported was register a decrease of 3.6% in March. The transportation rate, which measures the the amount of cargo carried X capacity declined by 4.4% to 52.4% of the LATAM Cargo currently supports.
LATAM Airlines Group also announced its cargo division will be consolidated under one brand, LATAM Cargo. The new brand combines LAN Cargo, TAM Cargo and LAN CARGO Columbia, the company intends to position itself as the market leader in perishable produce.
The executive vice president of load LATAM Group, Cristian Ureta said: "In addition to representing each affiliate best, with a consistent and impeccable service, this change also involves a change internally to the way we do things like we deal with the issues and how we come up with solutions. "
