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

 

January 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		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: January 12, 2023	LATAM AIRLINES GROUP S.A.
	By:	/s/ Ramiro Alfonsín
	Name:	Ramiro Alfonsín
	Title:	CFO

 

 

 

2

 

Exhibit 99.1

 

 

LATAM group domestic operations to exceed pre-pandemic levels

 

●

With the exception of Chile, the affiliates in Brazil, Colombia, Ecuador and Peru would exceed the operation registered in the same period in 2019.

 

●

For the month, LATAM is projected to operate 85% versus January 2019, considering international and domestic markets.

 

Santiago (Chile), January 12, 2023 - LATAM group projects a passenger operation of 85% for January (measured in available seat kilometers - ASK) compared to the same period in 2019. The group expects to operate approximately 1,409 domestic and international daily flights during the month, connecting 144 destinations in 22 countries. In terms of cargo, the group has more than 1,590 flights scheduled.

 

At the group level, domestic operation data for January (Brazil, Colombia, Ecuador and Peru) exceeds the levels of the same period in 2019, with the exception of Chile whose recovery has been slower compared to the rest of the markets. In the case of cargo, the positive trend continues and accumulates a sixth consecutive month with a capacity projection above pre-pandemic data.

 

In December 2022, passenger traffic (measured in revenue passenger-kilometers - RPK) was 80.0% compared to the same period in 2019, based on an operation measured in ASK (available seat-kilometers) of 85.2% compared to December 2019. This implied that the load factor decreased 5.1 percentage points, reaching 78.4%.

 

In cargo, the load factor was 54.7%, which corresponds to a decrease of 2.6 percentage points compared to December 2019.

 

LATAM Group Operational Estimate – January 2023

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

 

Brazil	●	94% projected operation (versus January 2019). Reference December 2022 projection: 92%
		o	120% domestic and 71% international
	●	Total destinations in January: 54 domestic and 21 international.
Chile	●	73% projected operation (versus January 2019). Reference December 2022 projection: 80%
		o	74% domestic and 73% international
	●	Total destinations in January: 17 domestic and 27 international.
Colombia	●	113% projected operation (versus January 2019). Reference December 2022 projection: 113%
		o	130% domestic and 97% international
	●	Total destinations January: 17 domestic and 5 international.
Ecuador	●	75% projected operation (versus January 2019). Reference December 2022 projection: 73%
		o	143% domestic and 56% international
	●	Total destinations in January: 8 domestic and 4 international.
Peru	●	85% projected operation (versus January 2019). Reference December 2022 projection: 83%
		o	122% domestic and 75% international
	●	Total destinations in January: 19 domestic and 27 international.
Cargo	●	111% projected operation (versus January 2019). Reference December 2022 projection: 116%
		o	94% domestic and 81% international belly*
		o	192% dedicated freighter

 

*

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

 

Operational Estimate by Segment vs. 2019 – January 2023

(Measured in ASK)

 

Domestic Spanish-speaking countries			83	%
Domestic Brazil			120	%
International			71	%
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.

 

December 2022 Traffic Report

 

		December												December								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			8,794				7,560				16.3	%			10,992				-20.0	%			92,588				50,317				84.0	%			124,521				-25.6	%
DOMESTIC SSC (1)			1,628				1,668				-2.4	%			1,970				-17.4	%			18,943				13,360				41.8	%			22,093				-14.3	%
DOMESTIC BRAZIL (2)			2,993				3,067				-2.4	%			3,438				-12.9	%			32,505				23,456				38.6	%			33,363				-2.6	%
INTERNATIONAL (3)			4,174				2,825				47.8	%			5,585				-25.3	%			41,140				13,500				204.7	%			69,066				-40.4	%
AVAILABLE SEAT KILOMETERS (million)
SYSTEM			11,215				9,220				21.6	%			13,157				-14.8	%			113,852				67,636				68.3	%			149,120				-23.7	%
DOMESTIC SSC (1)			2,006				2,214				-9.4	%			2,485				-19.3	%			23,385				17,848				31.0	%			27,337				-14.5	%
DOMESTIC BRAZIL (2)			3,891				3,701				5.1	%			3,986				-2.4	%			40,892				29,327				39.4	%			40,442				1.1	%
INTERNATIONAL (3)			5,318				3,305				60.9	%			6,686				-20.5	%			49,576				20,461				142.3	%			81,341				-39.1	%
PASSENGER LOAD FACTOR
SYSTEM			78.4	%			82.0	%			-3.6	pp			83.5	%			-5.1	pp			81.3	%			74.4	%			6.9	pp			83.5	%			-2.2	pp
DOMESTIC SSC (1)			81.2	%			75.3	%			5.8	pp			79.3	%			1.9	pp			81.0	%			74.9	%			6.2	pp			80.8	%			0.2	pp
DOMESTIC BRAZIL (2)			76.9	%			82.9	%			-6.0	pp			86.2	%			-9.3	pp			79.5	%			80.0	%			-0.5	pp			82.5	%			-3.0	pp
INTERNATIONAL (3)			78.5	%			85.5	%			-7.0	pp			83.5	%			-5.0	pp			83.0	%			66.0	%			17.0	pp			84.9	%			-1.9	pp
PASSENGER BOARDED (thousand)
SYSTEM			5,749				5,385				6.8	%			6,870				-16.3	%			62,467				40,195				55.4	%			74,189				-15.8	%
DOMESTIC SSC (1)			2,187				2,182				0.2	%			2,395				-8.7	%			25,288				17,513				44.4	%			26,619				-5.0	%
DOMESTIC BRAZIL (2)			2,641				2,639				0.1	%			3,191				-17.3	%			28,573				19,830				44.1	%			31,384				-9.0	%
INTERNATIONAL (3)			921				564				63.2	%			1,284				-28.3	%			8,607				2,852				201.8	%			16,186				-46.8	%
LATAM AIRLINES CARGO OPERATIONS
REVENUE TON KILOMETERS (Cargo) (million)
SYSTEM			328				260				26.2	%			305				7.6	%			3,532				2,996				17.9	%			3,526				0.2	%
AVAILABLE TON KILOMETERS (Cargo) (million)
SYSTEM			600				429				39.9	%			533				12.7	%			6,256				4,712				32.8	%			6,357				-1.6	%
CARGO LOAD FACTOR
SYSTEM			54.7	%			60.6	%			-6.0	pp			57.2	%			-2.6	pp			56.5	%			63.6	%			-7.1	pp			55.5	%			1.0	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.