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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

 

November 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: November 11, 2021 LATAM AIRLINES GROUP S.A.
     
  By: /s/ Ramiro Alfonsín
  Name: 

Ramiro Alfonsín

  Title: Chief Financial Officer

 

 

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Exhibit 99.1

LATAM Airlines Group Projects Operation of 62% for November Reaffirming Demand Recovery

 

●This month, LATAM resumed flights to Barcelona-São Paulo (Guarulhos); Rio de Janeiro (Galeão) -Santiago; Córdoba -Santiago-Lima, and more.

 

Santiago (Chile), November 10, 2021 - LATAM estimates the passenger operation in November 2021 reaching 62% of 2019 levels (measured in available seat kilometers - ASK) and a pre-pandemic context. The positive recovery trend continues in all the countries where the group operates, with significant increases in the overall capacity projection in Brazil, Colombia and Peru. Additionally, several flights that were suspended during the pandemic have been restarted, including Barcelona from São Paulo/Guarulhos; Rio de Janeiro/Galeão from Santiago; and Córdoba, from Santiago and Lima, among others. Finally, the group reaffirms its projection of ending 2021 operating over 65% of 2019 capacity levels.

 

LATAM plans to operate approximately 1,091 daily domestic and international flights during November, connecting 125 destinations in 16 countries. The cargo business has 1,100 flights scheduled on cargo freighters with an average utilization level that is 19% higher than the same period in 2019. These projections are subject to the evolution of the pandemic as well as travel restrictions in the countries where LATAM operates.

 

During October 2021, passenger traffic (measured in revenue passenger-kilometers - RPK) was 55.6% in relation to the same period in 2019, based on an operation measured in ASK (available seat-kilometers) of 57.5% compared to October 2019. The load factor decreased 2.7 percentage points, reaching 79.8%.

 

With regard to cargo operations, the load factor was 60.7%, which corresponds to an increase of 6.1 percentage points compared to October 2019.

 

LATAM Group Operational Estimate – November 2021

(Measured in ASK)

 

Brazil

●     64% projected operation (versus November 2019). October 2021 projection reference: 56%

○     89% domestic and 32% international

●     Total November destinations: 47 domestic (equivalent to 541 daily flights on average) and 16 international

●     Updates:

○     International: Restart São Paulo / Guarulhos - Barcelona route

Chile

●     56% projected operation (versus November 2019). October 2021 projection reference: 55%

○     83% domestic and 41% international

●     Total November destinations: 16 domestic (equivalent to 152 daily flights on average) and 20 international

●     Updates:

○     International: Restart Santiago-Córdoba, Santiago-Buenos Aires (Aeroparque), Santiago-Río de Janeiro (Galeão) direct routes

○     Domestic: Restart Santiago-Puerto Natales route

 

INVESTOR RELATIONS CONTACT INFORMATION

LATAM Airlines Group S.A.

Investor Relations

InvestorRelations@latam.com

Tel: (56-2) 2565-8765

www.latamairlinesgroup.net

 

 

 

 

Colombia

●     88% projected operation (versus November 2019). October 2021 projection reference: 78%

○     119% domestic and 47% international

●     Total November destinations: 16 domestic (equivalent to 145 daily flights on average) and 4 international

●     Updates:

○     Domestic: New Bogotá-Yopal route

Ecuador

·     34% projected operation (versus November 2019). October 2021 projection reference: 31%

○     109% domestic and 13% international

·     Total November destinations: 7 domestic (equivalent to 32 daily flights on average) and 2 international

Peru

·     62% projected operation (versus November 2019). October 2021 projection reference: 53%

○     83% domestic and 54% international

·     Total November destinations: 19 domestic (equivalent to 160 daily flights on average) and 19 international

Cargo

·     84% projected operation (versus November 2019). October 2021 projection reference: 82%

○     75% domestic belly and 52% international belly*

○     122% dedicated freighter

 

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

 

INVESTOR RELATIONS CONTACT INFORMATION

LATAM Airlines Group S.A.

Investor Relations

InvestorRelations@latam.com

Tel: (56-2) 2565-8765

www.latamairlinesgroup.net

 

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

 

October 2021 Traffic Report

 

   October       October   Year to date   Year to date 
   2021   2020   % Change   2019   % Change   2021   2020   % Change   2019   % Change 
LATAM AIRLINES PASSENGER OPERATIONS                                
                                 
REVENUE PASSENGER KILOMETERS (million)                                        
SYSTEM   5,802    2,310    151.1%   10,435    -44.4%   36,274    35,781    1.4%   103,120    -64.8%
DOMESTIC SSC (1)   1,521    489    211.1%   1,868    -18.6%   10,123    6,780    49.3%   18,183    -44.3%
DOMESTIC BRAZIL (2)   2,626    1,448    81.3%   3,129    -16.1%   17,593    12,940    36.0%   26,778    -34.3%
INTERNATIONAL (3)   1,655    373    343.7%   5,438    -69.6%   8,558    16,062    -46.7%   58,159    -85.3%
                                                   
AVAILABLE SEAT KILOMETERS  (million)                                       
SYSTEM   7,273    3,392    114.4%   12,652    -42.5%   50,508    46,441    8.8%   123,358    -59.1%
DOMESTIC SSC (1)   1,926    733    162.6%   2,432    -20.8%   13,599    8,850    53.7%   22,394    -39.3%
DOMESTIC BRAZIL (2)   3,060    1,785    71.4%   3,667    -16.5%   22,273    16,411    35.7%   32,714    -31.9%
INTERNATIONAL (3)   2,287    873    161.9%   6,552    -65.1%   14,636    21,180    -30.9%   68,251    -78.6%
                                                   
PASSENGER LOAD FACTOR                                       
SYSTEM   79.8%   68.1%   11.7pp    82.5%   -2.7 pp    71.8%   77.0%   -5.2pp    83.6%   -11.8pp 
DOMESTIC SSC (1)   79.0%   66.7%   12.3pp    76.8%   2.2 pp    74.4%   76.6%   -2.2pp    81.2%   -6.8pp 
DOMESTIC BRAZIL (2)   85.8%   81.1%   4.7pp    85.3%   0.5 pp    79.0%   78.8%   0.1pp    81.9%   -2.9pp 
INTERNATIONAL (3)   72.4%   42.7%   29.6pp    83.0%   -10.6 pp    58.5%   75.8%   -17.4pp    85.2%   -26.7pp 
                                                   
PASSENGERS BOARDED (thousand)                                       
SYSTEM   4,571    1,882    142.8%   6,537    -30.1%   29,918    22,777    31.3%   60,780    -50.8%
DOMESTIC SSC (1)   1,997    603    230.9%   2,329    -14.3%   13,275    7,776    70.7%   21,852    -39.2%
DOMESTIC BRAZIL (2)   2,244    1,211    85.4%   2,969    -24.4%   14,804    11,341    30.5%   25,246    -41.4%
INTERNATIONAL (3)   330    68    383.6%   1,239    -73.4%   1,839    3,660    -49.8%   13,682    -86.6%

 

LATAM AIRLINES CARGO OPERATIONS

 

REVENUE TON KILOMETERS (Cargo) (million)                                
SYSTEM   266    281    -5.2%   299    -10.8%   2,469    2,526    -2.3%   2,900    -14.9%
                                                   
AVAILABLE TON KILOMETERS (Cargo) (million)                                       
SYSTEM   439    401    9.5%   547    -19.8%   3,832    3,864    -0.8%   5,264    -27.2%
                                                   
CARGO LOAD FACTOR                                       
SYSTEM   60.7%   70.1%   -9.4pp    54.6%   6.1 pp    64.4%   65.4%   -1.0pp    55.1%   9.3pp 

 

INVESTOR RELATIONS CONTACT INFORMATION

LATAM Airlines Group S.A.

Investor Relations

InvestorRelations@latam.com

Tel: (56-2) 2565-8765

www.latamairlinesgroup.net

 

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About LATAM Airlines Group S.A.

 

LATAM is the leading group of airlines in Latin America, with a presence in five domestic markets in the region: Brazil, Chile, Colombia, Ecuador and Peru, and international operations both within Latin America and to/from 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 Airlines freighter subsidiaries. In addition to having access to the passenger cargo holds of LATAM Airlines Group, they have a fleet of 11 freighters, which will gradually increase to a total of 21 freighters by 2023.

 

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

 

For 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.

 

INVESTOR RELATIONS CONTACT INFORMATION

LATAM Airlines Group S.A.

Investor Relations

InvestorRelations@latam.com

Tel: (56-2) 2565-8765

www.latamairlinesgroup.net

 

 

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