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6-K

Latam Airlines Group S.A. (LTM)

6-K 2023-12-15 For: 2023-12-14
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Added on April 08, 2026

UNITEDSTATES

SECURITIESAND EXCHANGE COMMISSION

Washington,D.C. 20549

FORM 6-K

REPORTOF FOREIGN PRIVATE ISSUER

PURSUANTTO RULE 13a-16 OR 15d-16

UNDERTHE SECURITIES EXCHANGE ACT OF 1934

December2023

CommissionFile Number 1-14728

LATAMAirlines Group S.A.

(Translationof Registrant’s Name Into English)

PresidenteRiesco 5711, 20th floor

LasCondes

Santiago,Chile

(Addressof 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  ☐

LATAMAIRLINES GROUP S.A.


The following exhibit is attached:

EXHIBIT NO. DESCRIPTION
99.1 LATAM Airlines Group announces guidance for 2024.
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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: December 14, 2023 LATAM AIRLINES GROUP S.A.
By: /s/<br> Ramiro Alfonsín
Name: Ramiro<br> Alfonsín
Title: CFO
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Exhibit 99.1


LATAM group projects 12% to 14% growth in itspassenger operations in 2024

Today, the group provided its financial andoperational projections for the next year, estimating between US$2.6 billion and US$2.9 billion adjusted EBITDAR.

**Santiago (Chile), December 14, 2023 –**LATAM group released today its guidance for 2024, which contains operational and financial projections. The group estimates growth for next year in its passenger operations between 12% and 14% (measured in available seat kilometers - ASK), projecting to surpass 2019 ASK levels during the first quarter of 2024. In the case of the Brazil domestic market, growth is projected to be between 7% and 9%.

LATAM Cargo’s subsidiaries expect growth between 10% to 12% in their operations (measured in available ton kilometers - ATK). To date, LATAM Cargo’s subsidiaries have a total of 19 cargo aircraft, completing their fleet plan announced in 2021 and reinforcing their position as the largest cargo airline group in Latin America.

Financially, the group forecasts record adjusted EBITDAR between US$2.6 billion and US$2.9 billion for 2024.

“LATAM group projections for next year reflect a strong operational and financial performance, as well as the group’s competitiveness”, commented Ramiro Alfonsín, CFO of LATAM Airlines Group.

At the same time, the group continues to decrease its net leverage (net financial debt/adjusted EBITDAR), expecting to close 2024 between 1.8x and 2.0x, which represents an approximate 50% reduction from its leverage level following its successful exit from the Chapter 11 restructuring process.

In terms of liquidity, LATAM projects between US$2.8 billion and US$3.0 billion for the end of next year, as well as maintaining its solid capital structure.

INVESTOR RELATIONS CONTACT INFORMATION<br><br>LATAM Airlines Group S.A.<br><br><br><br>Investor Relations<br><br>[email protected]<br><br>Tel: (56-2) 2565-3844<br><br>www.latamairlinesgroup.net 1

Indicator Guidance 2024E
Operating Indicators Total ASK Growth vs 2023 12% - 14%
Domestic Brazil ASK Growth vs 2023 7% - 9%
Domestic Spanish Speaking Countries ASK Growth vs 2023 12% - 14%
International ASK Growth vs 2023 16% - 18%
Total ATK Growth vs 2023 10% - 12%
Financial Indicators Revenues (US$ billion) 12.4 - 12.8
CASK ex fuel (US$ cents) 4.8 - 5.0
Adjusted Passenger CASK ex fuel^1^ (US$ cents) 4.3 - 4.5
Adjusted EBIT (US$ billion) 1.25 - 1.50
Adjusted EBIT Margin^2^ 10.5% - 12.5%
Adjusted EBITDAR^2^ (US$ billion) 2.6 - 2.9
Adjusted EBITDAR Margin^2^ 21% - 23%
Liquidity^3^ (US$ billion) 2.8 - 3.0
Financial Net Debt^4^ (US$ billion) 5.3 - 5.5
Financial Net Debt/Adjusted EBITDAR (x) 1.8x - 2.0x
Assumptions
Average exchange rate (BRL/USD) 5.1
Jet fuel price (US$/bbl) 100
Footnotes:
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1) Passenger<br>CASK ex fuel excludes cargo costs associated with belly and freighter operations and variable Aircraft Rental expenses (non-cash P&L<br>effect).
2) Adjusted<br>EBIT and Adjusted EBITDAR exclude non-recurring items and variable Aircraft Rental expenses (non-cash P&L effect).
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3) Liquidity<br>is defined as Cash and Cash Equivalents and undrawn, committed revolving credit facilities. Does not assume Liability Management exercise<br>in 2024.
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4) Financial<br>Net Debt includes operating leases liabilities, financial leases and other financial debt, net of Cash and Cash Equivalents.
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INVESTOR RELATIONS CONTACT INFORMATION<br><br>LATAM Airlines Group S.A.<br><br><br><br>Investor Relations<br><br>[email protected]<br><br>Tel: (56-2) 2565-3844<br><br>www.latamairlinesgroup.net 2

Note on Forward-Looking Statements

Assumptions and expectations are not factsbut rather a good faith estimate of reality based on selected information believed to be reasonable. However, reality may differ fromassumptions and expectations. This report also contains forward-looking statements. Such statements may contain words such as “could,”“will,” “expect,” “intend,” “anticipate,” “estimate,” “project,”“believe” or other similar expressions. Forward-looking statements are statements that are not historical facts, includingstatements about our beliefs and expectations. These statements are based on LATAM’s current plans, estimates and projections and, therefore,you should not place undue reliance on such statements or the estimates arising from them. Forward-looking statements involve known andunknown inherent risks, uncertainties and other factors, many of which are beyond LATAM’s control and are difficult to predict. We cautionyou that a number of important factors could cause actual results to differ materially from those contained in any forward-looking statements.The financial information contained herein does not constitute or replace in any way the submission of the corresponding financial statementsof the Commission for the Financial Market (CMF) and the market, in terms of their content requirements, applicable procedures and deadlinesof submission corresponding to the CMF in accordance with current regulations. These factors and uncertainties include in particular thosedescribed in documents we have filed with the United States Securities and Exchange Commission. Forward-looking statements speak onlyas of the date they are made, and we undertake no obligation to publicly update any of them, whether as a result of new information, futureevents or any other factor.


About LATAM Airlines Group S.A.

LATAM Airlines Group S.A. and its subsidiariesare the leading airline group in Latin America, with presence in five domestic markets in the region: Brazil, Chile, Colombia, Ecuadorand 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 Colombiaand 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 withinthe LATAM group network, as well as on exclusive international routes for cargo transportation. In addition, they offer a modern infrastructureand a wide variety of services and support options to meet the needs of its customers.

More financial information at www.latamairlinesgroup.netand www.latam.com

INVESTOR RELATIONS CONTACT INFORMATION<br><br>LATAM Airlines Group S.A.<br><br><br><br>Investor Relations<br><br>[email protected]<br><br>Tel: (56-2) 2565-3844<br><br>www.latamairlinesgroup.net 3