:LATAM Airlines Group

{{short description|Latin American airline holding company}}

{{Update|inaccurate=yes|date=December 2021}}

{{About|the holding company|the airline company of which this is a parent of|LATAM Airlines}} {{For|the region|Latin America}} {{Other uses|LATAM (disambiguation)}}

{{Use dmy dates|date=November 2022}}

{{Infobox company

| name = LATAM Airlines Group S.A.

| logo = Latam-logo -v (Indigo).svg

| type = Sociedad Anónima

| traded_as = {{BCS|LTM}}

| foundation = {{start date and age|df=yes|2012|6|22}}

| key_people = {{nowrap|Ignacio Cueto{{cite web|title=LATAM – Board of Directors|url=http://www.latamairlinesgroup.net/phoenix.zhtml?c=81136&p=irol-govBoard|website=latamairlinesgroup.net|access-date=15 May 2017}} (Chairman)}}
Roberto Alvo (CEO)

| location = Santiago, Chile{{cite web|url=https://www.reuters.com/finance/stocks/companyProfile/LFLy.BE|title=LATAM Airlines Group SA|date=17 August 2018|work=Reuters}}{{cite web|url=https://www.bloomberg.com/profiles/companies/LTM:CI-latam-airlines-group-sa|title=Latam Airlines Group SA Corporate Information|date=27 October 2018|publisher=Bloomberg L.P.}}

| industry = Aviation

| services = Airline Services

| products = Passenger flights
Cargo activity
Aircraft maintenance

| revenue = {{Increase}} {{US$|11.789 billion|link=yes}} (2023){{cite web | title=Annual Integrated Report 2023 | website=LATAM Airlines Group SA | url=https://www.latamairlinesgroup.net/static-files/5ca24e0f-17bf-4bcc-8611-3536b3c2a2cd | access-date=19 October 2024}}

| operating_income = {{Increase}} {{US$|1.078 billion}} (2023)

| net_income = {{Increase}} {{US$|0.582 billion}} (2023)

| assets = {{Increase}} {{US$|14.667 billion}} (2023)

| subsid = {{Plainlist|

}}

| owner = {{Plainlist|

}}

| num_employees = 35,568 (2023)

| homepage = {{URL|https://www.latamairlinesgroup.net/}}

}}

LATAM Airlines Group S.A. is a Chilean multinational airline holding company headquartered in Santiago, Chile. It is considered the largest airline company in Latin America{{cite web|url=https://www.bloomberg.com/profiles/companies/LTM:CI-latam-airlines-group-sa|publisher=Bloomberg L.P.|access-date=26 May 2020|title=Latam Airlines Group SA – Company Profile and News}}{{Cite web|url=http://brandz.com/admin/uploads/files/BrandZ_LatAm_2017_Download.pdf|title = Kantar BrandZ}} with subsidiaries in Brazil, Colombia, Ecuador, Paraguay and Peru.{{Cite news

| last1 = Webber

| first1 = Jude

| last2 = Lemer

| first2 = Jeremy

| title = LatAm airlines join consolidation trend

| newspaper = Financial Times

| date = 15 August 2010

| url = http://www.ft.com/cms/s/0/d73cff90-a89a-11df-86dd-00144feabdc0.html?ftcamp=rss

| access-date =16 August 2010}}{{Cite news

| last = Sobie

| first = Brendan

| title = LAN and TAM to merge

|work=Flight International

| date = 13 August 2010

| url = http://www.flightglobal.com/articles/2010/08/13/346154/lan-and-tam-to-merge.html

| access-date =14 August 2011}}"[http://www.latamairlinesgroup.net/phoenix.zhtml?c=81136&p=irol-contact Contact]." LATAM Airlines Group. Retrieved on 25 January 2013. "Contact Pdte. Riesco 5711, 20th floor Las Condes Santiago, Chile "http://i.imgur.com/IvRaefc.jpg {{Bare URL image|date=March 2022}}http://www.melhoresdestinos.com.br/wp-content/uploads/2015/08/logo_timeline_1024.jpg {{Webarchive|url=https://web.archive.org/web/20200728031316/https://www.melhoresdestinos.com.br/wp-content/uploads/2015/08/logo_timeline_1024.jpg |date=28 July 2020 }} {{Bare URL image|date=March 2022}} The company filed for Chapter 11 bankruptcy in the United States on 26 May 2020, due to economic problems attributed to the impact of the COVID-19 pandemic on aviation.

Although LATAM Airlines' headquarters are located in Chile, the carrier is an American depositary receipt and traded on both the Santiago Stock Exchange and New York Stock Exchange at the time of bankruptcy. The company's stock ticker (LTMAQ) was delisted from the NYSE and later moved to the unregulated OTC Markets Pink on 12 June 2020.

History

=Merger=

Chile's LAN-Chile and Brazil's TAM Linhas Aéreas signed a non-binding agreement to merge on 13 August 2010, followed by a binding agreement on 19 January 2011,{{cite web|url=http://www.tam.com.br/b2c/vgn/v/index.jsp?vgnextoid=28ef13aac9b9d210VgnVCM1000009508020aRCRD|access-date=14 August 2011 |date=19 January 2011 | publisher=TAM Linhas Aéreas | title=TAM and LAN announce binding agreement}}{{cite web | url=https://www.reuters.com/article/idCNN1321787820100813?rpc=44 | title=LAN says signs non-binding deal with TAM to merge | work=Reuters| date=13 August 2010 | access-date=13 August 2010}} and papers to close the merger on 22 June 2012, with TAM Linhas Aéreas' shareholders agreeing to the takeover by LAN Airlines.{{cite web|url=https://www.bbc.co.uk/news/world-latin-america-18560343 |title=Chile's Lan and Brazil's Tam merge to create huge airline |publisher=BBC |date=1970-01-01 |access-date=2012-06-23}} Enrique Cueto, former CEO of LAN, became the CEO of LATAM; LATAM now has been reworked into being a portmanteau word of "Latin" and "America".{{cite web|url=http://www.flightglobal.com/articles/2010/08/13/346155/enrique-cueto-to-be-ceo-of-new-lan-tam-parent.html

|date=13 August 2010

|work=Flight International

|access-date=14 August 2011

|title=Enrique Cueto to be CEO of new LAN-TAM parent

}} Mauricio Rolim Amaro, formerly vice-chairman of TAM, became LATAM chairman.{{cite web|url=http://www.flightglobal.com/articles/2010/08/14/346158/lan-and-tam-aim-to-complete-merger-by-mid-2011.html

|date=14 August 2010

|publisher=Flight Global

|access-date=14 August 2019

|title=LAN and TAM aim to complete merger by mid 2011

}}

=Government approvals=

The agreement to establish LATAM was approved by Chilean authorities on 21 September 2011, with 11 restrictions. These included transferring four landing slots at São Paulo–Guarulhos International Airport to competitors interested in operating flights to Santiago de Chile's Arturo Merino Benítez International Airport, renouncing membership to either the Oneworld or Star Alliance airline alliance, restricting the increase in capacity on flights between Brazil and Chile, and opening code-share possibilities and fidelity program membership to interested competitors.{{cite web | url=http://www.valor.com.br/empresas/1013334/tribunal-chileno-aprova-fusao-de-tam-e-lan-com-11-condicoes | title=Tribunal chileno aprova fusão de TAM e LAN com 11 condições | publisher=Valor Econômico | date=21 September 2011 | access-date=26 September 2011 | language=pt | first=Luciana | last=Seabra}} On 14 December 2011, Brazilian authorities approved the agreement, imposing similar restrictions as Chilean authorities: LATAM would have to choose an alliance by August 2012 and frequencies between São Paulo and Santiago de Chile would have to be reduced. At the time, TAM had two pairs of slots while LAN had four. LAN had to relinquish two pairs to competitors interested in using them.{{cite web | url=http://economia.estadao.com.br/noticias/economia+geral,com-restricoes-cade-aprova-fusao-tamlan,95999,0.htm | title=Com restrições, CADE aprova fusão TAM/Lan | publisher=O Estado de S. Paulo | date=14 December 2011 | access-date=15 December 2011 | language=pt | first1=Eduardo | last1=Rodrigues | first2=Célia | last2=Froufe | archive-date=14 May 2012 | archive-url=https://web.archive.org/web/20120514012829/http://economia.estadao.com.br/noticias/economia+geral,com-restricoes-cade-aprova-fusao-tamlan,95999,0.htm | url-status=dead }} On 7 March 2013, LATAM announced its final decision to choose Oneworld as its global airline alliance. As a result, TAM left Star Alliance during the second quarter of 2014 to join Oneworld.{{cite web|url=http://www.latamairlinesgroup.net/phoenix.zhtml?c=81136&p=irol-newsArticleMedia&ID=1793569&highlight=|title=LATAM – News Release|website=latamairlinesgroup.net|access-date=15 May 2017}}

=Rebranding=

In August 2015, it was announced that all LATAM Airlines Group airlines would fully rebrand as LATAM, with one unified livery to be applied on all aircraft by 2018.[http://worldairlinenews.com/2015/08/06/lan-and-tam-to-operate-as-latam-with-a-new-livery/ "LAN and TAM to operate as LATAM with a new livery"] retrieved 9 August 2015[http://www.flightglobal.com/news/articles/latam39s-entire-fleet-to-have-new-livery-by-2018-415470/ "LATAM's entire fleet to have new livery by 2018"] retrieved 9 August 2015 The rebranding included all aspects of the business, such as staff uniforms and airport check in facilities.{{cite news|last1=Mutzabaugh|first1=Ben|title=So long, LAN and TAM; Airlines will soon fly under LATAM brand|url=https://www.usatoday.com/story/todayinthesky/2015/08/07/so-long-lan-and-tam-airlines--soon-fly-under-latam-brand/31293475/|access-date=31 August 2015|work=USA Today|date=7 August 2015}} The first of the aircraft were repainted (or delivered new) in the new LATAM livery in April 2016.{{Cite web |last=Mutzabaugh |first=Ben |title=LATAM Airlines unveils post-merger paint scheme for LAN, TAM planes |url=https://www.usatoday.com/story/travel/flights/todayinthesky/2016/04/28/latam-airlines-unveils-post-merger-paint-scheme-lan-tam-planes/83646336/ |access-date=2023-01-28 |website=USA TODAY |language=en-US}}

=2019–2020: Delta stake, Oneworld departure, and Enrique Cueto steps down=

On 26 September 2019, Delta Air Lines announced its plans to buy 20% of LATAM for $1.9 billion, to expand Delta's access to the Latin American market. Additionally, Delta agreed to pay LATAM's exit fee from Oneworld and to take delivery of all Airbus A350 XWB aircraft that LATAM had on order.{{cite news|url=https://www.reuters.com/article/us-latam-airlines-m-a-delta-air-idUSKBN1WB2UZ|title=Delta to buy 20% of LATAM for $1.9 billion in regional shake-up|date=27 September 2019|access-date=26 May 2020|work=Reuters|last1=Rucinski|first1=Tracy}}{{cite news|url=https://www.wsj.com/articles/delta-air-lines-to-take-20-stake-in-latam-airlines-for-1-9-billion-11569535436|title=Delta Air Lines to Take 20% Stake in Latam Airlines for $1.9 Billion|last=Sider|first=Alison|newspaper=The Wall Street Journal|date=26 September 2019|language=en-US|access-date=2019-09-27}} On 1 January 2020, it was reported that Delta Air Lines' acquisition of the 20% stake in the LATAM group was completed.{{cn|date=June 2024}} Group CEO Enrique Cueto stepped down on 31 March 2020, and was succeeded by Roberto Alvo, the group's then-current Chief Commercial Officer.{{cite web|url=https://latamairlines.gcs-web.com/static-files/1bf859c7-108c-4573-aba6-f9ec4f4d305b|title=LATAM AIRLINES GROUP REPORTS A 21.8% IMPROVEMENT IN OPERATING INCOME AND A 10.1% OPERATING MARGIN FOR THE THIRD QUARTER 2019|access-date=9 December 2019}} On 31 January 2020, LATAM announced that it would leave Oneworld three months later on 1 May.{{cite web|url=https://www.oneworld.com/news/2020-01-31-LATAM-to-leave-oneworld-effective-1-May-2020|title=Details {{!}} oneworld|website=oneworld.com|access-date=2020-02-14}}

Corporate affairs

=Ownership=

{{As of|2023|12|31}}, the company's major shareholders are:{{cite web |date=31 December 2023 |title=Ownership Structure |url=http://www.latamairlinesgroup.net/ownership-structure |access-date=25 April 2024 |website=LATAM Airlines Group SA |language=en}}

class="wikitable sortable" style="margin:auto;"
ShareholderInterest
{{flagicon|United States}} Sixth Street Partnersstyle="text-align:right;" | 27.91%
{{flagicon|United States}} Strategic Value Partnersstyle="text-align:right;" | 16.02%
{{flagicon|United States}} Delta Air Linesstyle="text-align:right;"| 10.05%
{{flagicon|Qatar}} Qatar Airwaysstyle="text-align:right;"| 10.03%
{{flagicon|Chile}} Cueto Groupstyle="text-align:right;" | 5.03%
Other investorsstyle="text-align:right;" | 30.96%
|| style="text-align:right;" | 100%

Operations

File:LATAM Chile Boeing 787-9 Dreamliner CC-BGB.jpg Boeing 787-9 Dreamliner at John F. Kennedy International Airport in July 2016.]]

As of 31 December 2017, LATAM Airlines Group is one of the largest airline groups in the world in terms of network connections, with its subsidiaries operating a combined fleet of 315 aircraft providing passenger transport services to 137 destinations in 24 countries; and 18 aircraft providing cargo services to 144 destinations in 29 countries.{{cite web |url=http://www.latamairlinesgroup.net/phoenix.zhtml?c=81136&p=irol-reportsAnnual |title=LATAM – Annual Reports |website=latamairlinesgroup.net |access-date=15 January 2022 |archive-url=https://web.archive.org/web/20170710002308/http://www.latamairlinesgroup.net/phoenix.zhtml?c=81136&p=irol-reportsAnnual |archive-date=10 July 2017 |url-status=dead}}

LATAM's main hubs are Santiago de Chile's Arturo Merino Benítez International Airport; Jorge Chávez International Airport in Lima; São Paulo–Guarulhos International Airport; and El Dorado International Airport in Bogotá. The company is exploring the creation of a new hub in northeastern Brazil with the objective of expanding operations between Europe and South America.{{cite web|title=LATAM Airlines Group has to undergo a delicate balance of short term pain for strategic gain|url=http://centreforaviation.com/analysis/latam-airlines-group-has-to-undergo-a-delicate-balance-of-short-term-pain-for-strategic-gain-240165|website=centreforaviation.com |publisher=Centre for Aviation|access-date=4 September 2015}} Bogotá is the hub for the Caribbean.{{cite news|last1=Bohorquez Aya|first1=Edwin|title=América Latina le habla duro a|url=http://www.elespectador.com/noticias/economia/grupo-latam-le-habla-duro-avianca-articulo-571102|access-date=5 August 2015|publisher=El Espectador (Spanish)|date=7 July 2015}}

=Subsidiaries=

==Current==

==Former==

  • LATAM Airlines Argentina - Ceased operations in 2020.{{cite news |title=LATAM Airlines Argentina halts domestic cargo service |url=https://www.globalcargonews.com/latam-airlines-argentina-halts-domestic-cargo-service |access-date=2 July 2020 |publisher=Global Cargo News |date=18 June 2020 |archive-date=19 January 2021 |archive-url=https://web.archive.org/web/20210119064946/https://www.globalcargonews.com/latam-airlines-argentina-halts-domestic-cargo-service |url-status=dead }}
  • LATAM Cargo Mexico - (39.5%) sold its shares in 2018, renamed back to MasAir.{{cite web|title=LATAM Airlines concluye venta de participación en MASAir Cargo|date=3 December 2018|url=https://www.transponder1200.com/latam-airlines-concluye-venta-de-participacion-en-masair-cargo/|publisher=Transponder 1200|access-date=21 July 2019}}

=Fleet=

As of February 2025, LATAM Airlines Group owns and operates the following aircraft:{{cite web |title=LATAM Airlines Consolidated Fleet |url=https://www.latamairlinesgroup.net/static-files/6ce1a1f9-62ad-4dab-b9bb-4e03667934f4 |access-date=January 15, 2024 |website=LATAM Airlines Group}}

class="wikitable" style="border-collapse:collapse;text-align:center;margin:auto;"

|+ LATAM Airlines Group Fleet

rowspan="2"|Aircraft

!rowspan="2" style="width:60px;"|In service

!rowspan="2" style="width:60px;"|Orders

!colspan="4"|Passengers

!rowspan="2"|Notes

J

!W

!Y

!Total

Airbus A319-100

|40

|—

|–

|–

|144

|144

|

rowspan="4"|Airbus A320-200

|rowspan="4"|135

|rowspan="4"|—

|rowspan="4"|–

|rowspan="4"|–

|168

|168

|rowspan=3|Equipped with both CFM56 and IAE V2500 engines.
This is due to the merger between TAM (IAE) and LAN (CFM).

174

|174

180

|180

188

|188

|Former Viva Air Colombia aircraft.

rowspan="2"|Airbus A320neo

|rowspan="2"|30

|rowspan="2"|8

|rowspan="2"|–

|rowspan="2"|–

|180

|180

|rowspan="2"|

174

|174

rowspan="2"|Airbus A321-200

|rowspan="2"|49

|rowspan="2"|—

|rowspan="2"|–

|rowspan="2"|–

|220

|220

|rowspan="2"|

224

|224

Airbus A321neo

|14

|49

|–

|–

|224

|224

|Deliveries commenced in October 2023.{{cite web |date=January 15, 2024 |title=LATAM Airlines takes delivery of its first A321neo, adds 13 more to orderbook |url=https://www.airbus.com/en/newsroom/press-releases/2023-10-latam-airlines-takes-delivery-of-its-first-a321neo-adds-13-more-to |website=Aviacionline.com}}

Airbus A321XLR

|—

|13

|colspan="4"|TBA

|Deliveries start in 2025.{{cite web |date=21 July 2022 |title=LATAM orders 17 A321neo and gets 13 A321XLR |url=https://airinsight.com/latam-ordered-17-a321neo-and-endorsed-the-a321xlr/ |website=Air Insight}}

rowspan="3"|Boeing 767-300ER

|rowspan="3"|9

|rowspan="3"|—

|rowspan="3"|20

|rowspan="3"|–

|211

|231

|

213

|233

|

218

|238

|

Boeing 777-300ER

|10

|—

|38

|50

|322

|410

|LATAM Brasil flights only.

rowspan="2"|{{nowrap|Boeing 787-8}}

|rowspan="2"|10

|rowspan="2"|—

|20

|rowspan="2"|–

|252

|272

|rowspan="2"|

30

|217

|247

rowspan="2"|Boeing 787-9

|rowspan="2"|27

|rowspan="2"|19

|rowspan="2"|30

|–

|283

|313

|rowspan="2"|With 5 options. Deliveries until 2030.

57

|216

|303

colspan="8" |LATAM Cargo fleet
Boeing 767-300F

|9

|—

|colspan="4" rowspan="2";|Cargo

|

Boeing 767-300ER/BCF

|12

|1

|

Total

!345

!90

!colspan="5"|

See also

{{Portal|Chile|Aviation|Companies}}

Notes

{{notelist}}

References

{{reflist}}