Latam Airlines Group S.A 6-K, filed Jan 10, 2024
Latam Airlines Group S.A. (LTM)
About this 6-K
Latam Airlines Group S.A filed this 6-K on January 10, 2024.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
January 2024
Commission File Number 1-14728
LATAM Airlines Group S.A.
(Translation of Registrant’s Name Into English)
Presidente Riesco 5711, 20th floor
Las Condes
Santiago, Chile
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F ☒ Form 40-F ☐
LATAM AIRLINES GROUP S.A.
The following exhibit is attached:
| EXHIBIT NO. | DESCRIPTION | |
| 99.1 | LATAM Airlines Group Operating Statistics |
| 1 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Date: January 9, 2024 | LATAM AIRLINES GROUP S.A. | |
| By: | /s/ Ramiro Alfonsín | |
| Name: | Ramiro Alfonsín | |
| Title: | CFO | |
| 2 |
Exhibit 99.1
LATAM group transported approximately 74 million passengers in 2023, reaching similar levels to pre-pandemic
This result was mainly driven by the performance of the domestic operations of the affiliates in Chile, Brazil, Colombia, Ecuador and Peru.
Operating statistics for December 2023
January 9, 2024 - LATAM group transported approximately 74 million passengers during 2023, representing an 18.3% increase compared to 2022 and reaching pre-pandemic levels, according to the December operational statistics delivered today by the group. This result was mainly driven by the increase in passengers transported in the domestic markets of the affiliates of Chile, Brazil, Colombia, Ecuador and Peru, while the international segment continues to recover. To date, LATAM group offers an expansive and robust network of connections to its passengers to 147 destinations in four continents.
LATAM group consolidated capacity, measured in available seat - kilometers (ASK), increased by 20.6% compared to 2022, in line with the updated guidance published last August. In December 2023, the group reported a 13.2% increase in its capacity, compared to the same month in 2022, and notably, the international segment increased 18.6% and the domestic markets of the affiliates in Chile, Colombia, Ecuador and Peru increased capacity by 16.3%.
Passenger traffic, measured in revenue passenger kilometers (RPK) increased by 23.1% annually, compared to 2022, mostly driven by a 39.4% increase in international demand during the year. Noticeably in December, passenger traffic increased 21.8%, compared to December 2022. All segments where the group operates noted increases: 29.1% in international routes, 21.7% in domestic markets of the affiliates in Chile, Colombia, Ecuador and Peru and 11.7% in the Brazilian domestic market.
On the other hand, during 2023, the group reported a consolidated passenger load factor of 83.1%, 1.7 percentage points higher than 2022. In December 2023, LATAM group reached a consolidated passenger load factor of 84.4%, thus representing a 6.0 percentage point increase compared to the results of December 2022.
In terms of cargo, during 2023 the capacity measured in available ton – kilometers (ATK) reached 7,171 million, increasing by 14.6% compared to 2022. In December 2023, ATKs had an 11.3% increase compared to December 2022, reaching 668 million available ton – kilometers.
| INVESTOR RELATIONS CONTACT INFORMATION LATAM Airlines Group S.A.
Investor Relations InvestorRelations@latam.com Tel: (56-2) 2565-3844 www.latamairlinesgroup.net | 1 |
The following table summarizes the main operational statistics for the month and the full year of LATAM group:
| LATAM GROUP OPERATIONS | December | Year to Date | ||||
| 2023 | 2022 | % Change |
2023 | 2022 | % Change |
|
| LATAM GROUP PASSENGER OPERATIONS | ||||||
| REVENUE PASSENGER KILOMETERS (million) | ||||||
| SYSTEM | 10,713 | 8,794 | 21.8% | 114,007 | 92,588 | 23.1% |
| DOMESTIC SSC (1) | 1,980 | 1,628 | 21.7% | 20,482 | 18,943 | 8.1% |
| DOMESTIC BRAZIL (2) | 3,343 | 2,993 | 11.7% | 36,185 | 32,505 | 11.3% |
| INTERNATIONAL (3) | 5,390 | 4,174 | 29.1% | 57,340 | 41,140 | 39.4% |
| AVAILABLE SEAT KILOMETERS (million) | ||||||
| SYSTEM | 12,691 | 11,215 | 13.2% | 137,251 | 113,852 | 20.6% |
| DOMESTIC SSC (1) | 2,332 | 2,006 | 16.3% | 24,970 | 23,385 | 6.8% |
| DOMESTIC BRAZIL (2) | 4,050 | 3,891 | 4.1% | 44,766 | 40,892 | 9.5% |
| INTERNATIONAL (3) | 6,309 | 5,318 | 18.6% | 67,514 | 49,576 | 36.2% |
| PASSENGER LOAD FACTOR | ||||||
| SYSTEM | 84.4% | 78.4% | 6.0pp | 83.1% | 81.3% | 1.7pp |
| DOMESTIC SSC (1) | 84.9% | 81.2% | 3.8pp | 82.0% | 81.0% | 1.0pp |
| DOMESTIC BRAZIL (2) | 82.5% | 76.9% | 5.6pp | 80.8% | 79.5% | 1.3pp |
| INTERNATIONAL (3) | 85.4% | 78.5% | 6.9pp | 84.9% | 83.0% | 1.9pp |
| PASSENGER BOARDED (thousand) | ||||||
| SYSTEM | 6,927 | 5,749 | 20.5% | 73,898 | 62,467 | 18.3% |
| DOMESTIC SSC (1) | 2,706 | 2,187 | 23.7% | 27,999 | 25,288 | 10.7% |
| DOMESTIC BRAZIL (2) | 2,999 | 2,641 | 13.6% | 32,984 | 28,573 | 15.4% |
| INTERNATIONAL (3) | 1,222 | 921 | 32.7% | 12,915 | 8,607 | 50.1% |
| LATAM GROUP CARGO OPERATIONS | ||||||
| REVENUE TON KILOMETERS (Cargo) (million) | ||||||
| SYSTEM | 358 | 328 | 9.0% | 3,704 | 3,532 | 4.8% |
| AVAILABLE TON KILOMETERS (Cargo) (million) | ||||||
| SYSTEM | 668 | 600 | 11.3% | 7,171 | 6,256 | 14.6% |
| CARGO LOAD FACTOR | ||||||
| SYSTEM | 53.5% | 54.7% | -1.1pp | 51.6% | 56.5% | -4.8pp |
| (1) | Domestic SSC refers to domestic operations of LATAM Airlines Chile, LATAM Airlines Colombia, LATAM Airlines Ecuador and LATAM Airlines Peru. |
| (2) | Domestic Brazil refers to LATAM Airlines Brazil domestic operations. |
| (3) | International refers to international operations of LATAM Airlines Brazil, LATAM Airlines Chile, LATAM Airlines Colombia, LATAM Airlines Ecuador and LATAM Airlines Peru. |
| INVESTOR RELATIONS CONTACT INFORMATION LATAM Airlines Group S.A.
Investor Relations InvestorRelations@latam.com Tel: (56-2) 2565-3844 www.latamairlinesgroup.net | 2 |
ABOUT LATAM GROUP
LATAM Airlines Group S.A. and its subsidiaries are the leading airline group in Latin America, with presence in five domestic markets in the region: Brazil, Chile, Colombia, Ecuador and Peru, in addition to international operations within Latin America and to Europe, Oceania, Africa, the United States and the Caribbean.
The group has a fleet of Boeing 767, 777, 787, Airbus A321, A321neo A320, A320neo and A319 aircraft. LATAM Cargo Chile, LATAM Cargo Colombia and LATAM Cargo Brazil are the LATAM group’s cargo subsidiaries. In addition to having access to the bellies of the passenger affiliates’ aircraft, they have a fleet of 19 freighters. These cargo subsidiaries have access to the group’s passenger aircraft, and operate within the LATAM group network, as well as on exclusive international routes for cargo transportation. In addition, they offer a modern infrastructure and a wide variety of services and support options to meet the needs of its customers.
More financial information at www.latamairlinesgroup.net
www.latam.com
| INVESTOR RELATIONS CONTACT INFORMATION LATAM Airlines Group S.A.
Investor Relations InvestorRelations@latam.com Tel: (56-2) 2565-3844 www.latamairlinesgroup.net | 3 |