market conditions and allows us to continue moving cashflow of investments, helping us maintain inaudible and a healthy liquidity level. Please turn to slide number eight. inaudible LATAM has never invested more in its passenger than in the last year in 2019. We began with the update of the cabins of our fleet and we are already flying 67 AerCap with the new cabins, leading to significant improvements in customer satisfaction. We have also deployed a inaudible at fixed airports and have inaugurated our VIP lounge in Miami. All contributing to improve customer satisfaction through different stages of the journey. During 2019, we also launched a new basic… During 2019, we also launched a new basic economy class to give more options to our passengers. And in March 2020, we will be inaudible all the airline inaudible with a premium economy service in all its international and domestic flights. This new premium service consists in a inaudible airports. Certain access will be at the lounges prior to check in and boarding as well as differentiated on-board service, such as the middle seat blocked more comfort and privacy. inaudible catering service and exclusive overhead space for the luggage. We have invested in our passengers and we will continue to do so without increasing inaudible as you can see in the next slide. Turning to slide number nine, our gross inaudible declined by 292 million dollars from the previous COVID to 7.2 billion. That inaudible was down to four times in December from fo- two times in September. We continued having a very good liquidity position with 1. 5 million dollars of cash in hand. Plus inaudible facility of six million dollars in the fourth quarter which is completely inaudible. The best inaudible liquidity position with 20% of the last 12 months' revenue. Moving on to our head test. At the bottom left, you can find our updated fuel heads position as of today. For the fourth quarter, 2019, we had unfortunately, 56% of that total consumption. For this year, we have a good inaudible heads for the first half, with 65% and 81% respectively, Q1 and Q2 that is. While for the third quarter, we currently have 49% of consumption heads. Finally, on slide 10, inaudible guidance. We are not chained to the guidance provided in December of last year. We expect total inaudible to grow between three to five percent each year. This is composed by a inaudible 2% target for international business. 79% inaudible for domestic Brazil and 68% for domestic inaudible operations. We are also correcting cargo capacity to increase between four to six percent this year. And with that, we conclude the presentation for today. I will be really happy to open the line for questions. Thank you. Thank you. And ladies and gentlemen, to ask a question, just press star then one on your telephone keypad. To withdraw your question, press the pound key. I guess, to get in the queue, just press star then one. And our first question comes from Michael Linenburg with Dolce Bank. Please go ahead. Hi, this is actually Kate on for Mike. Um, we were wondering though if you could just talk about any more changes that you might make to, like, your route network in response to corona, just in addition to Milan, if there was any other regions that you're particularly concerned about or watching closely. Yes. Hi, this is Roberto. So, at this point in time, we only have made, uh, the change in Milan. We are very closely monitoring trends in traffic. We don't see an impact on domestic markets at the point in time, uh, in any of the countries where we operate. Uh, however, we are started to see certain inaudible in the ma- on international routes, partly due to changes in policy travel, uh, rules from companies in general. Uh, but at this point in time, uh, we are in the process of just looking very carefully how this develops in the next, uh, few weeks. Okay. Thank you so much. Thank you. Our next question comes from Savi Seist with Raymond James. Hey, good morning. Um, just kind of curious, uh, you know, the… on these, uh, Columbia, uh, kind of, plan to- to, kind of, grow your corporate share, you know, what- what's, kind of, the latest development there? And- and, uh, just in this, kind of, current environment with, you know, the commodity uncertainty, inaudible uncertainty, kind of, is this, kind of, more of an opportunity or are you, kind of, scaling back, uh, you- your plans there? Hi Savi. This is Roberto. Um, so, just to remind everyone, we launched the plan to grow in Columbia. We, uh, increased our operations as of July 1st 2019, focus mostly on corporate markets in, uh… in Columbia. Um, as I explained in the last conference call, we are satisfied with the current, uh, outcome of this first stage of the plan. Uh, given the macro-economic situation in Columbia, particularly the inaudible last year, we decided to pause our growth for a few months. And at this point in time, we are at that stage. Uh, but we're looking at the developments, uh, very closely and, uh, we're satisfied with what we have achieved in the last, uh, seven months. Okay. Um, and then if I might, just on, uh, domestic Brazil, um, you know, one of your competitors who have been, kind of, sounding concerned about, uh, capacity growth levels. Just… And you- you, you know… you just, kind of, finished a- a strong fourth Q, but now you're starting to lap maybe some of the, uh, Avaicao Brazil, uh, you know, capacity pullouts. Uh, just any updated thoughts on, kind of, what you're seeing here in- in one Q and- and, kind of, thoughts on capacity in two Q. Yes. So, um, first, domestic capacity will grow double digits as compared to first semester last year. And this is basically because inaudible operational of 14 aircraft Andre has made reference to. Uh, we have, at this point in time, no plans of increasing our capacity in terms of number of aircraft further than that. So, you will see a gradual decline in growth in the second half basically because of the, uh, base of second half of last year. And are you still seeing, kind of, double digit rough increases on a… kind of, on a local currency basis here in the first quarter? Or are we starting to see that moderate? We see healthy inaudible in the first quarter. Uh, but it's starting to compare to the base of last year. So, uh, it's not a double digit increase at this point in time. Okay. Yeah, that makes sense. All right, thank you. Thank you. Our next question comes from Matthew inaudible with Barclays. Hi, good morning. Thanks for, uh… Thanks for taking my question. Um, I wanted to just talk about cash flows, um, you know, expectations of margins are roughly flat. Um, CapEx steps down inaudible this year. I think it's 400 million, um, on aircraft, um, from over a billion last year. You know, what, um…