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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

 

March 2021

 

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 Operating Statistics

 

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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 12, 2021 LATAM AIRLINES GROUP S.A.
     
  By: /s/ Ramiro Alfonsín
  Name:  Ramiro Alfonsín
  Title: CFO of LATAM Airlines Group.

 

 

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Exhibit 99.1

 

 

LATAM's operational projection for March 2021 to reach 35% compared to the same month in 2019

 

●Of all the markets, Colombia continues to lead the recovery in terms of capacity, reaching 58% in relation to the same period of 2019.
●Cargo continues to grow steadily, reaching a load factor of 65.6% in February, more than 7 percentage points over the load factor for the same month of 2019.

 

Santiago (Chile), March 12, 2021 - LATAM's operational projection for the passenger operation in March is estimated to reach 35% (measured in available seat kilometers - ASK) compared to the same month in 2019 and a pre-pandemic context.

 

For this month, the group plans to operate 675 daily domestic and international flights, connecting 115 destinations in 16 countries. Meanwhile, in the Cargo Division, there are more than 1,100 cargo freighter flights scheduled for this month, a utilization that is 13% higher than the same month in 2019.

 

All projections are subject to the evolution of the pandemic, as well as travel restrictions in the countries where LATAM operates.

 

During February 2021, passenger traffic (measured in revenue passenger-kilometers - RPK) was 27.3% in relation to the same period in 2019, based on an operation of 35.4% (measured in available seat-kilometers - ASK) compared to February 2019. As a result, the load factor decreased 19.2 percentage points to 64.9%.

 

With regard to the cargo operation, the load factor in February reached 65.6%, 7.7 percentage points higher than the same month of 2019. 

 

 

INVESTOR RELATIONS CONTACT INFORMATION

LATAM Airlines Group S.A.

Investor Relations

InvestorRelations@latam.com

Tel: (56-2) 2565-8765

www.latamairlinesgroup.net

 

 

 

 

 

LATAM Group Operational Estimate - March 2021

(measured in ASK)

 

Brazil

●       39% projected operation (versus March 2019)

o       65% domestic and 16% international

●       Total March routes: 92 domestic (equivalent to 345 daily flights) and 11 international.

Chile

●       28% projected operation (versus March 2019)

o       49% domestic and 20% international

●       Total March routes: 18 domestic (equivalent to 84 daily flights) and 12 international.

Colombia

●       58% projected operation (versus March 2019)

o       90% domestic and 26% international

●       Total March routes: 24 domestic (equivalent to 107 daily flights) and 2 international.

Ecuador

●       23% projected operation (versus March 2019)

o       52% domestic and 14% international

●       Total March routes: 6 domestic (equivalent to 16 daily flights) and 3 international.

Peru

●       29% projected operation (versus March 2019)

o       48% domestic and 23% international

●       Total March routes: 18 domestic (equivalent to 74 daily flights) and 15 international.

 

Additional Information:

 

●Operational estimate for March 2021 compared to the same period of previous years (measured in ASK):

 

   March 2019   March 2020 
LATAM Group   35%   48%
Brazil   39%   49%
Chile   28%   41%
Colombia   58%   83%
Ecuador   23%   48%
Peru   29%   53%

 

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February 2021 Traffic Report

 

   February   February   Year to date 
   2021   2020   % Change   2019   % Change   2021   2020   % Change 
LATAM AIRLINES PASSENGER OPERATIONS                        
                         
REVENUE PASSENGER KILOMETERS (million)                        
SYSTEM   2,760    10,615    -74.0%   10,121    -72.7%   6,609    22,341    -70.4%
DOMESTIC SSC (1)   683    2,132    -68.0%   1,914    -64.3%   1,520    4,379    -65.3%
DOMESTIC BRAZIL (2)   1,468    2,998    -51.0%   2,359    -37.8%   3,607    6,555    -45.0%
INTERNATIONAL (3)   609    5,485    -88.9%   5,848    -89.6%   1,482    11,406    -87.0%
                                         
AVAILABLE SEAT KILOMETERS (million)                                        
SYSTEM   4,255    12,660    -66.4%   12,033    -64.6%   9,730    26,417    -63.2%
DOMESTIC SSC (1)   986    2,564    -61.5%   2,255    -56.3%   2,159    5,333    -59.5%
DOMESTIC BRAZIL (2)   2,049    3,625    -43.5%   2,889    -29.1%   4,650    7,718    -39.8%
INTERNATIONAL (3)   1,219    6,471    -81.2%   6,889    -82.3%   2,922    13,366    -78.1%
                                         
PASSENGER LOAD FACTOR                                        
SYSTEM   64.9%   83.8%   -19.0 pp    84.1%   -19.2 pp    67.9%   84.6%   -16.7 pp 
DOMESTIC SSC (1)   69.2%   83.2%   -13.9 pp    84.9%   -15.6 pp    70.4%   82.1%   -11.7 pp 
DOMESTIC BRAZIL (2)   71.6%   82.7%   -11.1 pp    81.7%   -10.0 pp    77.6%   84.9%   -7.4 pp 
INTERNATIONAL (3)   49.9%   84.8%   -34.8 pp    84.9%   -35.0 pp    50.7%   85.3%   -34.6 pp 
                                         
PASSENGERS BOARDED (thousand)                                        
SYSTEM   2,292    6,514    -64.8%   5,713    -59.9%   5,357    13,766    -61.1%
DOMESTIC SSC (1)   871    2,451    -64.5%   2,103    -58.6%   1,951    5,063    -61.5%
DOMESTIC BRAZIL (2)   1,268    2,766    -54.2%   2,198    -42.3%   3,040    6,011    -49.4%
INTERNATIONAL (3)   153    1,297    -88.2%   1,411    -89.2%   366    2,692    -86.4%
                                         
LATAM AIRLINES CARGO OPERATIONS                        
                                 
REVENUE TON KILOMETERS  (Cargo) (million)                        
SYSTEM   228    284    -19.8%   300    -24.1%   483    575    -16.0%
                                         
AVAILABLE TON KILOMETERS (Cargo) (million)                                        
SYSTEM   347    543    -36.0%   519    -33.1%   750    1,121    -33.1%
                                         
CARGO LOAD FACTOR                                        
SYSTEM   65.6%   52.4%   13.2 pp    57.9%   7.7 pp    64.5%   51.3%   13.2 pp 

 

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About LATAM Airlines Group S.A.

 

LATAM Airlines Group is the leading airline group in Latin America, present in five domestic markets in the region: Brazil, Chile, Colombia, Ecuador and Peru, as well as 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 A350, A321, A320, A320neo and A319 aircraft.

 

LATAM Airlines Group's shares are traded on the Santiago de Chile stock exchange and its ADRs are traded on the over-the-counter (OTC) markets in the United States.

 

For press inquiries, please write to comunicaciones.externas@latam.com. More financial information at 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.

 

 

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