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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

 

October 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 continues gradual recovery of passenger operations, reaches 20% capacity in September

 

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: October 9, 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 continues gradual recovery of passenger operations, reaches 20% capacity in September

 

Santiago, Chile, October 9, 2020– LATAM Airlines Group today announced that it has continued to see a gradual recovery of its passenger operations over the last three months. In September, the airline saw an increase to 20% of its capacity (measured in “available seat-kilometer” -ASK), while in August capacity was 13.9% and in July it was just 9.2%, in relation to the same period in 2019. These results occurred after a drastic reduction in LATAM's operations last April and May, 5.7% and 6.7% respectively, due to COVID-19.

 

In September, passenger traffic (measured in “rented passenger kilometers”- RPK) was 16.9% of the traffic seen over the same period during the previous year, reaching a load factor of 69,6%% (12,9 percentage points under the previous year)

 

During September, LATAM Airlines Group offered more frequencies to domestic destinations in Chile, Brazil, Peru and Ecuador, and restarted domestic operations in Colombia. In international flights, the preferred routes included Sao Paulo-Montevideo and Santiago-Montevideo; plus, two weekly flights from Santiago to Los Angeles and New York respectively. There was also an increase to three flights a week from Santiago to Madrid, in addition to the São Paulo / Guarulhos-New York. In Chile, LATAM flew 11 destinations, going from 20 to 35 daily frequencies.

 

In relation to LATAM’s cargo operations, the load factor was 70.4% (16.9 percentage points above what was registered during the same period of the previous year). LATAM Cargo has maximized the use of its B-767F cargo fleet and has used passenger aircraft for exclusive cargo transportation.

 

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

 

   September       Year to Date     
   2020   2019   % Change   2020   2019   % Change 
LATAM AIRLINES PASSENGER OPERATIONS                  
                   
REVENUE PASSENGER KILOMETERS (million)                  
SYSTEM   1,695    10,044    -83.1%   33,471    92,686    -63.9%
DOMESTIC SSC (1)   275    1,779    -84.6%   6,291    16,315    -61.4%
DOMESTIC BRAZIL (2)   1,173    2,832    -58.6%   11,491    23,649    -51.4%
INTERNATIONAL (3)   248    5,433    -95.4%   15,689    52,721    -70.2%
                               
AVAILABLE SEAT KILOMETERS (million)                   
SYSTEM   2,436    12,176    -80.0%   43,050    110,706    -61.1%
DOMESTIC SSC (1)   401    2,236    -82.1%   8,116    19,961    -59.3%
DOMESTIC BRAZIL (2)   1,444    3,474    -58.4%   14,626    29,047    -49.6%
INTERNATIONAL (3)   591    6,466    -90.9%   20,307    61,699    -67.1%
                               
PASSENGER LOAD FACTOR                     
SYSTEM   69.6%   82.5%   -12.9pp   77.7%   83.7%   -6.0pp
DOMESTIC SSC (1)   68.5%   79.5%   -11.1pp   77.5%   81.7%   -4.2pp
DOMESTIC BRAZIL (2)   81.2%   81.5%   -0.3pp   78.6%   81.4%   -2.9pp
INTERNATIONAL (3)   41.9%   84.0%   -42.1pp   77.3%   85.4%   -8.2pp
                               
PASSENGERS BOARDED (thousand)                     
SYSTEM   1,306    6,118    -78.6%   20,895    54,243    -61.5%
DOMESTIC SSC (1)   320    2,213    -85.5%   7,172    19,522    -63.3%
DOMESTIC BRAZIL (2)   950    2,653    -64.2%   10,130    22,277    -54.5%
INTERNATIONAL (3)   37    1,252    -97.1%   3,592    12,444    -71.1%
                               
LATAM AIRLINES CARGO OPERATIONS                     
                               
REVENUE TON KILOMETERS (Cargo) (million)                     
SYSTEM   238    281    -15.3%   2,246    2,601    -13.7%
                               
AVAILABLE TON KILOMETERS (Cargo) (million)                     
SYSTEM   338    525    -35.7%   3,463    4,717    -26.6%
                               
CARGO LOAD FACTOR                     
SYSTEM   70.4%   53.5%   16.9pp   64.8%   55.2%   9.7pp

 

 

 

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. Prior to the COVID-19 crisis, it offered services to 145 destinations in 26 countries, including six domestic markets in South 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.

 

In 2019, the airline group transported over 74 million passengers, operating approximately 1,400 flights per day. Last year, it ranked as the world’s most on-time ‘global network airline’ by Cirium and most punctual ‘mega airline’ by OAG, also being voted the ‘best airline in South America’ in the Skytrax World Airline Awards 2019.

 

LATAM Airlines Group has over 300 aircraft in its fleet, featuring 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 Cargo is LATAM Airlines Group’s business unit specialized in air cargo transportation. It transports cargo in 320 passenger aircraft’s bellies and in its 11 freighters. LATAM Cargo offers modern infrastructure, a wide range of services and care options to satisfy its clients’ needs, and air services to 152 destinations in 29 countries. During 2019, LATAM Group transported 903,800 tons.

 

For further information, visit www.latam.com. For financial information: 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.