Latam Airlines Group S.A 6-K, filed Apr 13, 2020
Latam Airlines Group S.A. (LTM)
About this 6-K
Latam Airlines Group S.A filed this 6-K on April 13, 2020.
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
April 2020
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 ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
LATAM AIRLINES GROUP S.A.
The following exhibit is attached:
| EXHIBIT NO. | DESCRIPTION | |
| 99.1 | LATAM Airlines Group reports preliminary monthly statistics for March 2020 |
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: April 13, 2020 | LATAM AIRLINES GROUP S.A. | |
| By: | /s/ Ramiro Alfonsin | |
| Name: | Ramiro Alfonsin | |
| Title: | CFO of LATAM Airlines Group | |
2
Exhibit 99.1
LATAM Airlines Group reports preliminary monthly statistics for March 2020
Santiago, Chile, April 13, 2020– LATAM Airlines Group S.A. and its subsidiaries, (“LATAM Airlines Group” or “the Company”) (NYSE: LTM / IPSA: LTM) today reported its preliminary monthly traffic statistics for March 2020 compared to March 2019.
System passenger traffic decreased by 37.9%, while capacity fell 27.5%. As a result, the Company’s load factor for the month fell 11.9 percentage points to 71.0%. International passenger traffic accounted for approximately 51% of the month’s total passenger traffic.
The following table summarizes traffic figures for March 2020 for LATAM’s main business units.
| March | Year to Date by March | |||||||||||||||||||||||
| 2020 | 2019 | % Change | 2020 | 2019 | % Change | |||||||||||||||||||
| LATAM AIRLINES PASSENGER OPERATIONS | ||||||||||||||||||||||||
| REVENUE PASSENGER KILOMETERS (millions) | ||||||||||||||||||||||||
| SYSTEM | 6,422 | 10,340 | -37.9 | % | 28,763 | 31,979 | -10.1 | % | ||||||||||||||||
| DOMESTIC SSC (1) | 1,156 | 1,760 | -34.3 | % | 5,535 | 5,816 | -4.8 | % | ||||||||||||||||
| DOMESTIC BRAZIL (2) | 2,004 | 2,486 | -19.4 | % | 8,559 | 7,704 | 11.1 | % | ||||||||||||||||
| INTERNATIONAL (3) | 3,263 | 6,094 | -46.5 | % | 14,669 | 18,458 | -20.5 | % | ||||||||||||||||
| AVAILABLE SEAT KILOMETERS (millions) | ||||||||||||||||||||||||
| SYSTEM | 9,048 | 12,481 | -27.5 | % | 35,465 | 37,989 | -6.6 | % | ||||||||||||||||
| DOMESTIC SSC (1) | 1,593 | 2,175 | -26.8 | % | 6,926 | 6,910 | 0.2 | % | ||||||||||||||||
| DOMESTIC BRAZIL (2) | 2,835 | 3,083 | -8.1 | % | 10,553 | 9,383 | 12.5 | % | ||||||||||||||||
| INTERNATIONAL (3) | 4,620 | 7,222 | -36.0 | % | 17,986 | 21,695 | -17.1 | % | ||||||||||||||||
| PASSENGER LOAD FACTOR | ||||||||||||||||||||||||
| SYSTEM | 71.0 | % | 82.8 | % | -11.9 | pp | 81.1 | % | 84.2 | % | -3.1 | pp | ||||||||||||
| DOMESTIC SSC (1) | 72.5 | % | 80.9 | % | -8.3 | pp | 79.9 | % | 84.2 | % | -4.3 | pp | ||||||||||||
| DOMESTIC BRAZIL (2) | 70.7 | % | 80.6 | % | -10.0 | pp | 81.1 | % | 82.1 | % | -1.0 | pp | ||||||||||||
| INTERNATIONAL (3) | 70.6 | % | 84.4 | % | -13.7 | pp | 81.6 | % | 85.1 | % | -3.5 | pp | ||||||||||||
| PASSENGERS BOARDED (thousands) | ||||||||||||||||||||||||
| SYSTEM | 3,888 | 5,877 | -33.8 | % | 17,654 | 18,174 | -2.9 | % | ||||||||||||||||
| DOMESTIC SSC (1) | 1,340 | 2,053 | -34.7 | % | 6,404 | 6,533 | -2.0 | % | ||||||||||||||||
| DOMESTIC BRAZIL (2) | 1,802 | 2,355 | -23.5 | % | 7,813 | 7,184 | 8.8 | % | ||||||||||||||||
| INTERNATIONAL (3) | 746 | 1,469 | -49.2 | % | 3,437 | 4,457 | -22.9 | % | ||||||||||||||||
| LATAM AIRLINES CARGO OPERATIONS | ||||||||||||||||||||||||
| REVENUE TON KILOMETERS (Cargo) (millions) | ||||||||||||||||||||||||
| SYSTEM | 257 | 313 | -17.8 | % | 832 | 899 | -7.4 | % | ||||||||||||||||
| AVAILABLE TON KILOMETERS (Cargo) (millions) | ||||||||||||||||||||||||
| SYSTEM | 466 | 540 | -13.7 | % | 1,587 | 1,604 | -1.1 | % | ||||||||||||||||
| CARGO LOAD FACTOR | ||||||||||||||||||||||||
| SYSTEM | 55.3 | % | 58.0 | % | -2.8 | pp | 52.5 | % | 56.0 | % | -3.6 | pp | ||||||||||||
INVESTOR RELATIONS CONTACT INFORMATION
LATAM Airlines Group S.A.
Investor Relations
InvestorRelations@latam.com
Tel: (56-2) 2565-8765
www.latamairlinesgroup.net
About LATAM Airlines Group S.A.
LATAM Airlines Group is Latin America’s leading airline group with one of the largest route networks in the world, offering services to 145 destinations in 26 countries, including six domestic markets in Latin America – Argentina, Brazil, Chile, Colombia, Ecuador and Peru – in addition to international operations in Latin America, Europe, the United States, the Caribbean, Oceania, Africa and Asia.
The airline group employs over 42,000 people worldwide, operating approximately 1,400 flights per day and transporting over 74 million passengers per year.
LATAM Airlines Group has 332 aircraft in its fleet, which features the latest and most modern models including the Boeing 787, Airbus A350, A321 and A320neo.
LATAM Airlines Group is the only airline group in the Americas and one of three worldwide to be part of the Dow Jones Sustainability ‘World’ Index. In 2019, it was recognized by the index for sustainable practices, based on economic, social and environmental criteria, for the sixth consecutive year.
LATAM Airlines Group shares are traded on the Santiago Stock Exchange and the New York Stock Exchange in the form of ADRs.
For any commercial or brand related query, visit www.latam.com. Further financial information is available via www.latamairlinesgroup.net
Notes
| (1) | Domestic SSC = Domestic passenger operations in Spanish speaking countries carried by LAN. Passenger statistics include domestic operations in Chile, Peru, Argentina, Ecuador and Colombia. | |
| (2) | Domestic Brazil = Domestic passenger operations of TAM in Brazil. | |
| (3) | International = International passenger operations of LAN and TAM. |