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

 

December 2022

 

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

 

 

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: December 12, 2022	LATAM AIRLINES GROUP S.A.
	By:	/s/ Ramiro Alfonsín
	Name:	Ramiro Alfonsín
	Title:	CFO

 

 

 

2

 

Exhibit 99.1

 

 

LATAM approaches to pre-pandemic levels and projects 85% of operation by the end of the year

 

Santiago (Chile), December 12, 2022 - The LATAM group projects an 85% passenger operation for December (measured in available seat kilometers - ASK) compared to the same period of 2019, confirming its estimate for the end of the year and approaching pre-pandemic operations levels. Thus, the group expects to operate approximately 1,370 domestic and international daily flights during the month, connecting 144 destinations in 22 countries. The cargo business, in turn, has more than 1,540 flights scheduled.

 

Among the novelties of the period is the reactivation of the seasonal route Santiago - Florianopolis and the start of the sale of emblematic routes that return in mid-2023, such as São Paulo (GRU)-Johannesburg, Brasília-Lima and Porto Alegre-Santiago. The Cargo division, meanwhile, accumulates five consecutive months with a capacity projection higher than the pre-pandemic numbers, with an estimate for this month of 116% compared to 2019 data.

 

In November 2022, passenger traffic (measured in revenue passenger-kilometers – RPK) was 82.4% compared to the same time period in 2019, based on an operation measured in ASK (available seat-kilometers) of 82.4% compared to October 2019. This suggests that the load factor remained at 82.6%.

 

For cargo, the load factor was 54.1%, corresponding to a decrease of 3.2 points compared to November 2019.

 

LATAM Group Operational Estimate – December 2022

(Passenger operations measured in ASK / Cargo operations measured in ATK)

 

Brazil	●	92% projected operation (versus December 2019). Reference November 2022 projection: 89%
		o	98% domestic and 84% international
	●	Total destinations in December: 54 domestic and 21 international.
		o	Updates:
	●	International: Restart Florianopolis-Santiago seasonal route (5 w/f)
Chile	●	80% projected operation (versus December 2019). Reference November 2022 projection: 78%
		o	77% domestic and 81% international
	●	Total destinations in December: 17 domestic and 27 international.
		o	Updates:
	●	International: Restart Florianópolis-Santiago seasonal route (5 w/f)
Colombia	●	113% projected operation (versus December 2019). Reference November 2022 projection: 110%
		o	115% domestic and 110% international
	●	Total November destinations: 17 domestic and 5 international.
Ecuador	●	73% projected operation (versus December 2019). Reference November 2022 projection: 67%
		o	131% domestic and 55% international
	●	Total destinations in December: 8 domestic and 4 international.
Peru	●	83% projected operation (versus December 2019). Reference November 2022 projection: 79%
		o	99% domestic and 78% international
	●	Total destinations in December: 19 domestic and 27 international.
Cargo	●	116% projected operation (versus December 2019). Reference November 2022 projection: 105%
		o	90% domestic and 92% international belly*
		o	180% dedicated freighter

 

*Belly: merchandise transported in the cargo hold (lower deck) of the aircraft.

 

Operational Estimate by Segment vs. 2019 – December 2022

(Measured in ASK)

 

Domestic Spanish-speaking countries			80	%
Domestic Brazil			98	%
International			79	%
Consolidated Total			85	%

 

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

 

November 2022 Traffic Report

 

		November												November								Year to Date												Year to Date
LATAM AIRLINES OPERATIONS		2022				2021				% Change				2019				% Change				2022				2021				% Change				2019				% Change
LATAM AIRLINES PASSENGER OPERATIONS
REVENUE PASSENGER KILOMETERS (million)
SYSTEM			8,578				6,483				32.3	%			10,409				-17.6	%			83,793				42,757				96.0	%			113,529				-26.2	%
DOMESTIC SSC (1)			1,602				1,570				2.1	%			1,940				-17.4	%			17,315				11,692				48.1	%			20,123				-14.0	%
DOMESTIC BRAZIL (2)			2,966				2,796				6.1	%			3,148				-5.8	%			29,512				20,389				44.7	%			29,925				-1.4	%
INTERNATIONAL (3)			4,010				2,117				89.4	%			5,321				-24.6	%			36,966				10,675				246.3	%			63,481				-41.8	%
AVAILABLE SEAT KILOMETERS (million)
SYSTEM			10,385				7,908				31.3	%			12,601				-17.6	%			102,637				58,416				75.7	%			135,963				-24.5	%
DOMESTIC SSC (1)			1,958				2,034				-3.8	%			2,458				-20.4	%			21,379				15,634				36.7	%			24,852				-14.0	%
DOMESTIC BRAZIL (2)			3,639				3,353				8.5	%			3,743				-2.8	%			37,000				25,626				44.4	%			36,456				1.5	%
INTERNATIONAL (3)			4,789				2,520				90.0	%			6,400				-25.2	%			44,258				17,156				158.0	%			74,655				-40.7	%
PASSENGER LOAD FACTOR
SYSTEM			82.6	%			82.0	%			0.6	pp			82.6	%			0.0	pp			81.6	%			73.2	%			8.4	pp			83.5	%			-1.9	pp
DOMESTIC SSC (1)			81.8	%			77.2	%			4.7	pp			78.9	%			2.9	pp			81.0	%			74.8	%			6.2	pp			81.0	%			0.0	pp
DOMESTIC BRAZIL (2)			81.5	%			83.4	%			-1.9	pp			84.1	%			-2.6	pp			79.8	%			79.6	%			0.2	pp			82.1	%			-2.3	pp
INTERNATIONAL (3)			83.7	%			84.0	%			-0.3	pp			83.1	%			0.6	pp			83.5	%			62.2	%			21.3	pp			85.0	%			-1.5	pp
PASSENGER BOARDED (thousand)
SYSTEM			5,698				4,892				16.5	%			6,538				-12.9	%			56,718				34,810				62.9	%			67,319				-15.7	%
DOMESTIC SSC (1)			2,134				2,055				3.8	%			2,373				-10.1	%			23,100				15,331				50.7	%			24,224				-4.6	%
DOMESTIC BRAZIL (2)			2,692				2,388				12.8	%			2,946				-8.6	%			25,932				17,192				50.8	%			28,192				-8.0	%
INTERNATIONAL (3)			872				449				94.1	%			1,219				-28.5	%			7,686				2,288				235.9	%			14,902				-48.4	%
LATAM AIRLINES CARGO OPERATIONS
REVENUE TON KILOMETERS (Cargo) (million)
SYSTEM			308				267				15.3	%			321				-4.0	%			3,204				2,736				17.1	%			3,221				-0.5	%
AVAILABLE TON KILOMETERS (Cargo) (million)
SYSTEM			570				450				26.7	%			561				1.8	%			5,655				4,283				32.1	%			5,824				-2.9	%
CARGO LOAD FACTOR
SYSTEM			54.1	%			59.4	%			-5.3	pp			57.3	%			-3.2	pp			56.7	%			63.9	%			-7.2	pp			55.3	%			1.4	pp

 

Note: While Argentina's domestic operations are considered in the 2019 operational statistics above, LATAM announced the indefinite cessation of its domestic passenger and cargo operations in Argentina on June 17, 2020.

 

 

About LATAM Airlines Group S.A.

 

LATAM Airlines Group S.A and its subsidiaries are the principal group of airlines in Latin America present in five domestic markets in the region: Brazil, Chile, Colombia, Ecuador and Peru, in addition to international operations within Latin America and between it and 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 cargo subsidiaries. In addition to having access to the passenger cargo holds of the passenger affiliates aircraft, they have a fleet of 16 freighters, wich will gradually reach a total of up to 21 freighters by 2023.

 

They operate on the LATAM group network as well as international routes that are solely used for shipping. They offer modern infrastructure, a wide variety of services and protection options to meet all customer needs.

 

For LATAM Cargo press inquiries, write to comunicaciones.externas@latam.com. More financial information is available 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, Ecuador and Colombia.

(2)

Domestic Brazil = Domestic passenger operations of TAM in Brazil.

(3)

International = International passenger operations of LAN and TAM.