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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

 

April 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

 

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

 

 

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Exhibit 99.1

 

 

LATAM projects 70% of pre-pandemic operation for April and launches a new route in South America

 

●This estimate represents an increase of 2.1 percentage points compared to March’s result, and is the highest operational figure so far this year.
●The restart of operations of Lima-Cartagena and Lima-Rio de Janeiro/Galeão routes is expected this month, in addition to the launch of the operation between Quito and Bogotá.

 

Santiago (Chile), April 12, 2022 - LATAM group projects a passenger operation of up to 70% for April (measured in available seat kilometers - ASK) compared to the same month in 2019 (pre-pandemic scenario), which represents an increase of 2.1 percentage points from March, and the highest figure so far this year.

 

This month also sees the introduction of operations from Lima (Peru) to Cartagena (Colombia) and Rio de Janeiro/Galeão (Brazil), as well as a route between Quito (Ecuador) and Bogotá (Colombia), expanding the connectivity between countries in the region.

 

LATAM plans to operate approximately 1,059 daily national and international flights during April, connecting 132 destinations in 20 countries. The group’s cargo business has almost 1,360 cargo freighter flights, and with the delivery of a new converted freighter, it brings the operating fleet to a total of 13 freighters. These projections are subject to the evolution of the pandemic in the countries where the group operates.

 

In March 2022, passenger traffic (measured in revenue passenger-kilometers - RPK) was 66.5% in relation to the same period in 2019, based on an operation measured in ASK (available seat kilometers) of 67.9% compared to March 2019. As a result, the load factor decreased 1.7 percentage points, reaching 81.1%.

 

With regard to cargo operations, the load factor was 60.6%, which corresponds to an increase of 2.6 percentage points compared to March 2019.

 

LATAM Group Operational Estimate - April 2022

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

 

Brazil

● 74% projected operation (versus April 2019). March 2021 projection reference: 74%

o       97% domestic and 53% international

● Total April destinations: 49 domestic (equivalent to 503 daily flights on average) and 18 international

o       Updates:

●        International: introduction of the Río de Janeiro/Galeão-Lima route (3 flights/week)

Chile

● 59% projected operation (versus April 2019). March 2021 projection reference: 55%

o       73% domestic and 52% international

● Total April destinations: 15 domestic (equivalent to 115 daily flights on average) and 22 international

 

 

INVESTOR RELATIONS CONTACT INFORMATION

LATAM Airlines Group S.A.

Investor Relations

InvestorRelations@latam.com

Tel: (56-2) 2565-8765

www.latamairlinesgroup.net

 

 

 

 

 

Colombia

● 107% projected operation (versus April 2019). March 2021 projection reference: 109%

o       164% domestic and 58% international

● Total April destinations: 17 domestic (equivalent to 177 daily flights on average) and 5 international

o       Updates: 

● International: introduction of Bogotá-Quito (5 flights/week) and Cartagena-Lima (3 flights/week) routes

Ecuador

● 41% projected operation (versus April 2019). March 2021 projection reference: 34%

o       120% domestic and 19% international

● Total April destinations: 8 domestic (equivalent to 39 daily flights on average) and 3 international

o       Updates:

● International: introduction Quito-Bogotá route (5 flights/week)

Peru

● 67% projected operation (versus April 2019). March 2021 projection reference: 63%

o       88% domestic and 60% international

● Total April destinations: 19 domestic (equivalent to 146 daily flights on average) and 22 international

o       Update: 

● International: introduction of the Lima-Río de Janeiro/Galeão (3 flights/week) and Lima-Cartagena (5 flights/week) routes

Cargo

● 94% projected operation (versus April 2019). March 2021 projection reference: 100%

o       77% domestic belly and 61% international belly*

o       146% dedicated freighter

 

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

 

Operational Estimate by Segment vs 2019 - April 2022

(Measured in ASK)

 

Domestic Spanish-speaking countries 84%
Domestic Brazil 97%
International 52%
Consolidated Total 70%

 

 

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.

 

March 2022 Traffic Report

 

   March       March   Year to date   Year to date 
   2022   2021   % Change   2019   % Change   2022   2021   % Change   2019   % Change 

LATAM AIRLINES PASSENGER OPERATIONS

REVENUE PASSENGER KILOMETERS (million)

SYSTEM   6,879    2,337    194.4%   10,340    -33.5%   20,855    8,945    133.1%   31,979    -34.8%
DOMESTIC SSC (1)   1,569    793    97.8%   1,760    -10.8%   4,870    2,313    110.5%   5,816    -16.3%
DOMESTIC BRAZIL (2)   2,481    940    164.0%   2,486    -0.2%   7,733    4,547    70.1%   7,704    0.4%
INTERNATIONAL (3)   2,829    604    368.5%   6,094    -53.6%   8,251    2,085    295.7%   18,458    -55.3%
                                                   

AVAILABLE SEAT KILOMETERS  (million)

SYSTEM   8,480    3,926    116.0%   12,481    -32.1%   25,913    13,657    89.7%   37,989    -31.8%
DOMESTIC SSC (1)   1,946    1,076    80.9%   2,175    -10.5%   6,007    3,234    85.7%   6,910    -13.1%
DOMESTIC BRAZIL (2)   3,106    1,683    84.6%   3,083    0.8%   9,451    6,332    49.3%   9,383    0.7%
INTERNATIONAL (3)   3,427    1,168    193.4%   7,222    -52.5%   10,456    4,090    155.7%   21,695    -51.8%
                                                   

PASSENGER LOAD FACTOR

SYSTEM   81.1%   59.5%   21.6 pp    82.8%   -1.7 pp    80.5%   65.5%   15.0 pp    84.2%   -3.7 pp 
DOMESTIC SSC (1)   80.6%   73.8%   6.9 pp    80.9%   -0.3 pp    81.1%   71.5%   9.6 pp    84.2%   -3.1 pp 
DOMESTIC BRAZIL (2)   79.9%   55.9%   24.0 pp    80.6%   -0.8 pp    81.8%   71.8%   10.0 pp    82.1%   -0.3 pp 
INTERNATIONAL (3)   82.5%   51.7%   30.9 pp    84.4%   -1.8 pp    78.9%   51.0%   27.9 pp    85.1%   -6.2 pp 
                                                   

PASSENGERS BOARDED (thousand)

SYSTEM   4,767    1,985    140.1%   5,877    -18.9%   14,350    7,343    95.4%   18,174    -21.0%
DOMESTIC SSC (1)   2,064    1,045    97.6%   2,053    0.5%   6,132    2,996    104.7%   6,533    -6.1%
DOMESTIC BRAZIL (2)   2,115    787    168.7%   2,355    -10.2%   6,537    3,827    70.8%   7,184    -9.0%
INTERNATIONAL (3)   588    154    282.7%   1,469    -60.0%   1,681    520    223.5%   4,457    -62.3%
                                                   

LATAM AIRLINES CARGO OPERATIONS

                                                   

REVENUE TON KILOMETERS  (Cargo) (million)

SYSTEM   293    248    18.0%   313    -6.4%   836    731    14.2%   899    -7.0%
                                                   

AVAILABLE TON KILOMETERS (Cargo) (million)

SYSTEM   483    370    30.7%   540    -10.5%   1,430    1,119    27.7%   1,604    -10.8%
                                                   

CARGO LOAD FACTOR

SYSTEM   60.6%   67.2%   -6.5 pp    58.0%   2.6 pp    58.4%   65.3%   -6.9 pp    56.0%   2.4 pp 

 

 

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 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 inside 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 Airlines freight subsidiaries. In addition to having access to the passenger cargo holds of LATAM Airlines Group, they have a fleet of 12 freighters, which will gradually increase to 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.

 

 

 

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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