Latam Airlines Group S.A 6-K, filed Mar 14, 2023
Latam Airlines Group S.A. (LTM)
About this 6-K
Latam Airlines Group S.A filed this 6-K on March 14, 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
March 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 ☐
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 |
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: March 13, 2023 | LATAM AIRLINES GROUP S.A. | |
| By: | /s/ Ramiro Alfonsín | |
| Name: | Ramiro Alfonsín | |
| Title: | CFO | |
2
Exhibit 99.1
LATAM adds a new freighter plane and increases destinations in Brazil and Colombia
| ● | Two domestic routes, in Brazil and Colombia, will begin operations during March, while LATAM Cargo received its 17th freighter aircraft, strengthening its global fleet. | |
| ● | Passenger traffic (measured in revenue passenger-kilometers - RPK) grew 28.6% compared to the same period in 2022, and operations measured in ASK (available seat-kilometers) increased by 25.3%. |
March 13, 2023 - LATAM group delivered the news on its operation for the coming weeks, highlighting the following routes:
| ● | São Paulo/Guarulhos - Passo Fundo, operated by LATAM Airlines Brazil, with daily flights starting on March 28. | |
| ● | Bogota and Riohacha, operated by LATAM Airlines Colombia, with daily flights starting on March 28. |
At the same time, LATAM Cargo received its 17th aircraft. It is a Boeing 767-300 converted from the passenger fleet and will reinforce its global fleet.
Operational statistics for February 2023
In February 2023, passenger traffic (measured in revenue passenger-kilometers - RPK) grew 28.6% compared to the same period in 2022, and operations measured in ASK (available seat-kilometers) increased 25.3%. This implied that the load factor increased 2.1 percentage points, reaching 81.9%.
In cargo, the load factor was 52.8%, which corresponds to a decrease of 8.7 percentage points in relation to February 2022.
| NVESTOR RELATIONS CONTACT INFORMATION | |
| LATAM Airlines Group S.A. | |
| Investor Relations | 1 |
| InvestorRelations@latam.com | |
| Tel: (56-2) 2565-3844 | |
| www.latamairlinesgroup.net |
The following table summarizes the operational statistics for the month and the accumulated to date for the main business units in LATAM:
| February | Year to Date | |||||||||||||||||||||||
| LATAM AIRLINES OPERATIONS | 2023 | 2022 | % Change | 2023 | 2022 | % Change | ||||||||||||||||||
| LATAM AIRLINES PASSENGER OPERATIONS | ||||||||||||||||||||||||
| REVENUE PASSENGER KILOMETERS (million) | ||||||||||||||||||||||||
| SYSTEM | 8,278 | 6,437 | 28.6 | % | 17,697 | 13,975 | 26.6 | % | ||||||||||||||||
| DOMESTIC SSC (1) | 1,535 | 1,588 | -3.3 | % | 3,217 | 3,301 | -2.6 | % | ||||||||||||||||
| DOMESTIC BRAZIL (2) | 2,668 | 2,288 | 16.6 | % | 5,995 | 5,251 | 14.2 | % | ||||||||||||||||
| INTERNATIONAL (3) | 4,075 | 2,561 | 59.1 | % | 8,485 | 5,423 | 56.5 | % | ||||||||||||||||
| AVAILABLE SEAT KILOMETERS (million) | ||||||||||||||||||||||||
| SYSTEM | 10,105 | 8,063 | 25.3 | % | 21,714 | 17,434 | 24.6 | % | ||||||||||||||||
| DOMESTIC SSC (1) | 1,840 | 1,930 | -4.7 | % | 3,910 | 4,060 | -3.7 | % | ||||||||||||||||
| DOMESTIC BRAZIL (2) | 3,430 | 2,817 | 21.7 | % | 7,552 | 6,345 | 19.0 | % | ||||||||||||||||
| INTERNATIONAL (3) | 4,835 | 3,315 | 45.8 | % | 10,251 | 7,028 | 45.9 | % | ||||||||||||||||
| PASSENGER LOAD FACTOR | ||||||||||||||||||||||||
| SYSTEM | 81.9 | % | 79.8 | % | 2.1 | pp | 81.5 | % | 80.2 | % | 1.3 | pp | ||||||||||||
| DOMESTIC SSC (1) | 83.4 | % | 82.3 | % | 1.1 | pp | 82.3 | % | 81.3 | % | 1.0 | pp | ||||||||||||
| DOMESTIC BRAZIL (2) | 77.8 | % | 81.2 | % | -3.4 | pp | 79.4 | % | 82.8 | % | -3.4 | pp | ||||||||||||
| INTERNATIONAL (3) | 84.3 | % | 77.2 | % | 7.0 | pp | 82.8 | % | 77.2 | % | 5.6 | pp | ||||||||||||
| PASSENGER BOARDED (thousand) | ||||||||||||||||||||||||
| SYSTEM | 5,216 | 4,381 | 19.1 | % | 11,200 | 9,584 | 16.9 | % | ||||||||||||||||
| DOMESTIC SSC (1) | 1,950 | 1,927 | 1.2 | % | 4,081 | 4,067 | 0.3 | % | ||||||||||||||||
| DOMESTIC BRAZIL (2) | 2,337 | 1,931 | 21.0 | % | 5,184 | 4,422 | 17.2 | % | ||||||||||||||||
| INTERNATIONAL (3) | 930 | 524 | 77.4 | % | 1,935 | 1,094 | 76.9 | % | ||||||||||||||||
| LATAM AIRLINES CARGO OPERATIONS | ||||||||||||||||||||||||
| REVENUE TON KILOMETERS (Cargo) (million) | ||||||||||||||||||||||||
| SYSTEM | 282 | 276 | 2.3 | % | 585 | 543 | 7.8 | % | ||||||||||||||||
| AVAILABLE TON KILOMETERS (Cargo) (million) | ||||||||||||||||||||||||
| SYSTEM | 535 | 448 | 19.3 | % | 1,128 | 947 | 19.1 | % | ||||||||||||||||
| CARGO LOAD FACTOR | ||||||||||||||||||||||||
| SYSTEM | 52.8 | % | 61.5 | % | -8.7 | pp | 51.9 | % | 57.3 | % | -5.4 | pp | ||||||||||||
| NVESTOR RELATIONS CONTACT INFORMATION | |
| LATAM Airlines Group S.A. | |
| Investor Relations | 2 |
| InvestorRelations@latam.com | |
| Tel: (56-2) 2565-3844 | |
| www.latamairlinesgroup.net |
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, 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 17 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
Notes
| (1) | Domestic SSC = Domestic passenger operations in Spanish speaking countries carried by LAN. Passenger statistics include domestic operations in Chile, Peru, Ecuador and Colombia. |
| (2) | Domestic Brazil = Domestic passenger operations of TAM in Brazil. |
| (3) | International = International passenger operations of LAN and TAM. |
| NVESTOR RELATIONS CONTACT INFORMATION | |
| LATAM Airlines Group S.A. | |
| Investor Relations | 3 |
| InvestorRelations@latam.com | |
| Tel: (56-2) 2565-3844 | |
| www.latamairlinesgroup.net |