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 11, 2019

 

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 October 2019

  

 

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 11, 2019	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 October 2019

 

Santiago, Chile, November 11, 2019– LATAM Airlines Group S.A. and its subsidiaries, (“LATAM Airlines Group” or “the Company”) (NYSE: LTM / IPSA: LTM), the leading airline group in Latin America, today reported its preliminary monthly traffic statistics for October 2019 compared with the same period of 2018.

 

System passenger traffic (measured in revenue passenger kilometers (RPK)) increased 1.9%, while capacity increased by 1.9%. As a result, the Company’s load factor for the month remained at 82.5%. International passenger traffic accounted for approximately 52% of the month’s total passenger traffic.

 

The lower increase in traffic in Spanish-speaking domestic markets (Domestic SSC) is mainly explained by the recent events that affected our operations in Chile.

 

The following table summarizes traffic figures for the month and includes a year-to-date breakdown for LATAM’s main business units.

 

		October												Year to Date
		2019				2018				% Change				2019				2018				% Change
LATAM AIRLINES PASSENGER OPERATIONS
REVENUE PASSENGER KILOMETERS (million)
SYSTEM			10,435				10,236				1.9	%			103,120				98,413				4.8	%
DOMESTIC SSC (1)			1,868				1,830				2.0	%			18,183				16,483				10.3	%
DOMESTIC BRAZIL (2)			3,129				2,661				17.6	%			26,778				25,061				6.9	%
INTERNATIONAL (3)			5,438				5,745				-5.3	%			58,159				56,869				2.3	%
AVAILABLE SEAT KILOMETERS (million)
SYSTEM			12,656				12,414				1.9	%			123,362				118,472				4.1	%
DOMESTIC SSC (1)			2,432				2,249				8.2	%			22,394				20,144				11.2	%
DOMESTIC BRAZIL (2)			3,667				3,239				13.2	%			32,714				31,099				5.2	%
INTERNATIONAL (3)			6,556				6,926				-5.3	%			68,255				67,228				1.5	%
PASSENGER LOAD FACTOR
SYSTEM			82.5	%			82.5	%			0.0	pp			83.6	%			83.1	%			0.5	pp
DOMESTIC SSC (1)			76.8	%			81.4	%			-4.6	pp			81.2	%			81.8	%			-0.6	pp
DOMESTIC BRAZIL (2)			85.3	%			82.2	%			3.2	pp			81.9	%			80.6	%			1.3	pp
INTERNATIONAL (3)			82.9	%			82.9	%			0.0	pp			85.2	%			84.6	%			0.6	pp
PASSENGERS BOARDED (thousand)
SYSTEM			6,537				6,068				7.7	%			60,780				56,642				7.3	%
DOMESTIC SSC (1)			2,329				2,209				5.5	%			21,852				19,560				11.7	%
DOMESTIC BRAZIL (2)			2,969				2,485				19.5	%			25,246				23,397				7.9	%
INTERNATIONAL (3)			1,239				1,374				-9.9	%			13,682				13,685				0.0	%
LATAM AIRLINES CARGO OPERATIONS
REVENUE TON KILOMETERS (Cargo) (million)
SYSTEM			299				324				-7.7	%			2,900				2,955				-1.9	%
AVAILABLE TON KILOMETERS (Cargo) (million)
SYSTEM			547				558				-1.9	%			5,264				5,396				-2.5	%
CARGO LOAD FACTOR
SYSTEM			54.6	%			58.1	%			-3.4	pp			55.1	%			54.8	%			0.3	pp

   

Note: Capacity in Domestic Chile rose by 5.1% (YoY), and Load Factor declined by 9.6 p.p. (YoY). 

 

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 142 destinations in 25 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 41,000 people worldwide, operating approximately 1,300 flights per day and transporting 71 million passengers per year.

 

LATAM Airlines Group has 327 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 2018, 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

 

Note on Forward-Looking Statements

 

This report contains forward-looking statements. Such statements may include words such as “may” “will,” “expect,” “intend,” “anticipate,” “estimate,” “project,” “believe” or other similar expressions. Forward-looking statements are statements that are not historical facts, including statements 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 them. Forward-looking statements involve inherent known and unknown risks, uncertainties and other factors, many of which are outside of LATAM’s control and difficult to predict. We caution you that a number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. These factors and uncertainties include in particular those described in the documents we have filed with the U.S. Securities and Exchange Commission. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update publicly any of them, whether in light of new information, future events or otherwise.

  

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.