Latam Airlines Group S.A 6-K, filed Nov 13, 2023
Latam Airlines Group S.A. (LTM)
About this 6-K
Latam Airlines Group S.A filed this 6-K on November 13, 2023.
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
November 2023
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: November 9, 2023 | LATAM AIRLINES GROUP S.A. | |
| By: | /s/ Ramiro Alfonsín | |
| Name: | Ramiro Alfonsín | |
| Title: | CFO | |
2
Exhibit 99.1
In October, LATAM increased its international capacity by 31.2%, reaching the highest level since 2020
| ● | LATAM transported 1.2 million international passengers in October, 38.4% more than the same month in 2022. |
| ● | These results were driven, in part, by the launch of routes within the scope of the Joint Venture Agreement with Delta such as Medellin-Miami and Lima-Atlanta. |
Operational statistics for October 2023
November 9, 2023 - LATAM Airlines Group reported that its consolidated operations, measured in available seat - kilometers (ASK), grew by 14.9% compared to October 2022. In the international segment, LATAM increased its capacity by 31.2% compared to the same month of 2022, reaching the highest ASK level since February 2020. These results were accompanied by a load factor of 87.8% in that segment.
During the first ten months of 2023, capacity in the international segment increased by 39.8% compared to the same period in 2022, in line with a 41.9% increase in demand.
The number of passengers transported in October increased by 13.2% compared to the same period in 2022, reaching 6.4 million passengers, of which 1.2 million correspond to international operations, 38.4% more than the same month in 2022.
Year to date, the total number of passengers transported exceeded 60 million, increasing by 18.1% compared to the January - October 2022 period.
During October, passenger traffic measured in revenue - passenger kilometers (RPK) increased by 18.1% compared to the same month in 2022, highlighting the 32.8% increase on international routes.
In cargo, the group added its 19th freighter aircraft (Boeing 767-300BCF), allowing it to increase its market share in export and import markets in the region. The cargo capacity measured in available tons - kilometers (ATK) increased by 8.7% compared to October 2022, reaching 5,866 million available tons-kilometers during the first ten months of 2023.
 | |
| 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 traffic activity for the month and year to date as of October 2023 for the main LATAM business units:
| LATAM GROUP OPERATIONS | October | Year to Date | ||||
| 2023 | 2022 | % Change |
2023 | 2022 | % Change |
|
| LATAM GROUP PASSENGER OPERATIONS | ||||||
| REVENUE PASSENGER KILOMETERS (million) | ||||||
| SYSTEM | 10,201 | 8,640 | 18.1% | 92,994 | 75,216 | 23.6% |
| DOMESTIC SSC (1) | 1,801 | 1,666 | 8.1% | 16,586 | 15,713 | 5.6% |
| DOMESTIC BRAZIL (2) | 3,000 | 2,908 | 3.2% | 29,651 | 26,546 | 11.7% |
| INTERNATIONAL (3) | 5,401 | 4,066 | 32.8% | 46,758 | 32,957 | 41.9% |
| AVAILABLE SEAT KILOMETERS (million) | ||||||
| SYSTEM | 11,919 | 10,371 | 14.9% | 112,470 | 92,252 | 21.9% |
| DOMESTIC SSC (1) | 2,195 | 2,046 | 7.3% | 20,354 | 19,421 | 4.8% |
| DOMESTIC BRAZIL (2) | 3,577 | 3,639 | -1.7% | 36,945 | 33,362 | 10.7% |
| INTERNATIONAL (3) | 6,148 | 4,687 | 31.2% | 55,170 | 39,469 | 39.8% |
| PASSENGER LOAD FACTOR | ||||||
| SYSTEM | 85.6% | 83.3% | 2.3pp | 82.7% | 81.5% | 1.2pp |
| DOMESTIC SSC (1) | 82.1% | 81.5% | 0.6pp | 81.5% | 80.9% | 0.6pp |
| DOMESTIC BRAZIL (2) | 83.9% | 79.9% | 4.0pp | 80.3% | 79.6% | 0.7pp |
| INTERNATIONAL (3) | 87.8% | 86.8% | 1.1pp | 84.8% | 83.5% | 1.3pp |
| PASSENGER BOARDED (thousand) | ||||||
| SYSTEM | 6,458 | 5,707 | 13.2% | 60,273 | 51,020 | 18.1% |
| DOMESTIC SSC (1) | 2,486 | 2,259 | 10.1% | 22,670 | 20,967 | 8.1% |
| DOMESTIC BRAZIL (2) | 2,771 | 2,582 | 7.3% | 27,096 | 23,240 | 16.6% |
| INTERNATIONAL (3) | 1,200 | 867 | 38.4% | 10,507 | 6,814 | 54.2% |
| LATAM GROUP CARGO OPERATIONS | ||||||
| REVENUE TON KILOMETERS (Cargo) (million) | ||||||
| SYSTEM | 328 | 316 | 3.8% | 3,008 | 2,896 | 3.9% |
| AVAILABLE TON KILOMETERS (Cargo) (million) | ||||||
| SYSTEM | 621 | 571 | 8.7% | 5,866 | 5,085 | 15.4% |
| CARGO LOAD FACTOR | ||||||
| SYSTEM | 52.9% | 55.4% | -2.5pp | 51.3% | 57.0% | -5.7pp |
| (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, the United States and the Caribbean.
The group has a fleet of Boeing 767, 777, 787, Airbus A321, A320, A320neo and A319 aircraft. LATAM Cargo Chile, LATAM Cargo Colombia and LATAM Cargo Brazil are the LATAM group’s cargo subsidiaries, having a combined fleet of 18 freighter aircraft, which will gradually increase to a total of 19 cargo aircraft by 2024. 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 |