XML 155 R138.htm IDEA: XBRL DOCUMENT
v3.8.0.1

PROPERTY, PLANT AND EQUIPMENT (Details Narrative) $ in Thousands | 1 Months Ended | 6 Months Ended | 12 Months Ended |
--- | --- | --- | --- | ---
Aug. 31, 2016 Aircraft | May 31, 2016 Aircraft | Apr. 30, 2016 Aircraft | Apr. 30, 2015 Aircraft | Jun. 30, 2016 Aircraft | Dec. 31, 2015 USD ($) Aircraft | Jun. 30, 2014 Aircraft | Dec. 31, 2017 USD ($) Aircraft | Dec. 31, 2016 USD ($) Aircraft | Dec. 31, 2015 USD ($) | Dec. 31, 2014 USD ($)
Disclosure of detailed information about property, plant and equipment [line items] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Useful life |  |  |  |  |  |  |  |  |
| Except for the Boeing 767 300ER and Boeing 767 300F fleets which consider a lower residual value due to the extension of their useful life to 22 and 23 years respectively. Additionally certain technical components, which are depreciated based on the basis of cycles and flight hours.
The aircraft with remarketing clause (**) under modality of financial leasing, which are depreciated according to the duration of their contracts, between 12 and 18 years. Its residual values are estimated according to market value at the end of such contracts. |  |  |  |  |
Depreciation expenses | $ |  |  |  |  |  |  |  |  | $ (765,204) |  | $ (744,552) |  | $ (745,519) |
Indirect existing debt | $ |  |  |  |  |  |  |  |  | 1,087,052 |  | 913,494 |  |  |
Indirect book value | $ |  |  |  |  |  |  |  |  | $ 2,222,620 |  | $ 1,740,815 |  |  |
Number of aircraft |  |  |  |  |  |  |  |  | 5 |  | 7 |  |  |
Frequency of payment |  |  |  |  |  |  |  |  | Semi-annual, quarterly and monthly payments of obligations. |  |  |  |  |
Net book value | $ |  |  |  |  |  |  | $ 10,938,657 |  | $ 10,065,335 |  | $ 10,498,149 |  | 10,938,657 | $ 10,773,076
Aircraft Purchase Agreement [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Disclosure of detailed information about property, plant and equipment [line items] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Description of aircraft purchase |  |  |  |  |  |  |  |  | the different aircraft purchase agreements signed with The Boeing Company, there are 8 Boeing 787 Dreamliner aircraft remaining, with delivery dates between 2019 and 2021, and 2 Boeing 777 aircraft, with delivery scheduled for the year 2019. |  |  |  |  |
Manufacturers price property, plant and equipment | $ |  |  |  |  |  |  |  |  | $ 12,600,000 |  |  |  |  |
Construction in Progress [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Disclosure of detailed information about property, plant and equipment [line items] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Depreciation expenses | $ |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net book value | $ |  |  |  |  |  |  | $ 1,142,812 |  | 556,822 | [1] | 470,065 | [2] | 1,142,812 | 937,279
Pre-delivery payments to aircraft manufacturers | $ |  |  |  |  |  |  |  |  | $ 543,720 |  | $ 434,250 |  |  |
Boeing 777 [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Disclosure of detailed information about property, plant and equipment [line items] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Number of aircraft sold |  |  |  |  |  |  |  | 4 |  |  | 2 |  |  |
Number of aircraft | [3] |  |  |  |  |  |  |  | 2 |  | 2 |  |  |
Airbus A340 [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Disclosure of detailed information about property, plant and equipment [line items] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Number of aircraft sold |  |  |  |  |  |  |  | 3 |  |  |  |  |  |
Dash-200 [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Disclosure of detailed information about property, plant and equipment [line items] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Number of aircraft sold |  |  |  |  |  |  | 7 |  |  |  |  |  |  |
Airbus A319 [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Disclosure of detailed information about property, plant and equipment [line items] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Number of aircraft sold |  |  |  |  |  |  | 2 |  |  |  | 2 |  |  |
Airbus A330 [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Disclosure of detailed information about property, plant and equipment [line items] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Number of aircraft sold |  |  |  |  |  | 2 |  |  |  |  | 6 |  |  |
Airbus A320 [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Disclosure of detailed information about property, plant and equipment [line items] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Number of aircraft sold |  |  |  |  |  |  |  |  |  |  | 2 |  |  |
Boeing 767 [Member] | FEDEX [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Disclosure of detailed information about property, plant and equipment [line items] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Number of aircraft leased |  |  |  |  |  |  |  |  |  |  | 3 |  |  |
Boeing 777 [Member] | DHL [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Disclosure of detailed information about property, plant and equipment [line items] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Number of aircraft leased |  |  |  |  |  |  |  |  |  |  | 1 |  |  |
Boeing 787-9 [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Disclosure of detailed information about property, plant and equipment [line items] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Number of aircraft |  |  | 4 |  | 8 |  |  |  |  |  |  |  |  |
Airbus A321-NEO [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Disclosure of detailed information about property, plant and equipment [line items] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Number of aircraft |  |  |  | 4 |  |  |  |  |  |  |  |  |  |
Number of aircraft cancelled |  | 12 |  |  |  |  |  |  |  |  |  |  |  |
Airbus A350-1000 [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Disclosure of detailed information about property, plant and equipment [line items] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Number of aircraft |  | 2 |  |  |  |  |  |  |  |  |  |  |  |
Airbus A350 [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Disclosure of detailed information about property, plant and equipment [line items] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Number of aircraft |  |  |  |  |  |  |  |  |  |  | 4 |  |  |
The Boeing Company [Member] | Aircraft Purchase Contracts [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Disclosure of detailed information about property, plant and equipment [line items] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Description of aircraft purchase |  |  |  |  |  |  |  |  |  |  | A total of nine Boeing 787 Dreamliner aircraft, with delivery dates between 2017 and 2021, and two Boeing 777 with delivery expected for 2019 remain to be received. |  |  |
Manufacturers price property, plant and equipment | $ |  |  |  |  |  |  |  |  | $ 2,800,000 |  |  |  |  |
Other Property, Plants and Equipment [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Disclosure of detailed information about property, plant and equipment [line items] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Depreciation expenses | $ |  |  |  |  |  |  |  |  | $ (204,237) |  | $ (124,038) |  | (174,474) |
Number of aircraft |  |  |  |  |  |  |  |  | 60 |  | 50 |  |  |
Net book value | $ |  |  |  |  |  |  | $ 2,129,506 |  | $ 2,285,363 |  | $ 1,828,630 |  | $ 2,129,506 | $ 2,503,434
Financial Leasing Aircraft [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Disclosure of detailed information about property, plant and equipment [line items] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net book value | $ |  |  |  |  |  |  |  |  | $ 2,222,620 |  | $ 1,753,366 |  |  |
[1] | As of December 31, 2017, includes pre-delivery payments to aircraft manufacturers for ThUS$ 543,720 (ThUS$ 434,250 as of December 31, 2016).
[2] | It includes pre-delivery payments to aircraft manufacturers for ThUS$ 434,250 (ThUS$ 1,016,007 as of December 31, 2015).
[3] | One aircraft leased to DHL.

X
- Definition The amount of depreciation of property, plant and equipment. [Refer: Depreciation and amortisation expense; Property, plant and equipment] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 16 -IssueDate 2017-01-01 -Paragraph 73 -Subparagraph e -Clause vii -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&num=16&date=2017-03-01&anchor=para_73_e_vii&doctype=Standard -URIDate 2017-03-09 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 16 -IssueDate 2017-01-01 -Paragraph 75 -Subparagraph a -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&num=16&date=2017-03-01&anchor=para_75_a&doctype=Standard -URIDate 2017-03-09 + Details
Name: | ifrs-full_DepreciationPropertyPlantAndEquipment
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table. + References No definition available. + Details
Name: | ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The amount of tangible assets that: (a) are held for use in the production or supply of goods or services, for rental to others, or for administrative purposes; and (b) are expected to be used during more than one period. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 16 -IssueDate 2017-01-01 -Paragraph 73 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&num=16&date=2017-03-01&anchor=para_73_e&doctype=Standard -URIDate 2017-03-09 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2017-01-01 -Paragraph 54 -Subparagraph a -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&num=1&date=2017-03-01&anchor=para_54_a&doctype=Standard -URIDate 2017-03-09 + Details
Name: | ifrs-full_PropertyPlantAndEquipment
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition The useful lives or depreciation rates used for property, plant and equipment. [Refer: Property, plant and equipment] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 16 -IssueDate 2017-01-01 -Paragraph 73 -Subparagraph c -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&num=16&date=2017-03-01&anchor=para_73_c&doctype=Standard -URIDate 2017-03-09 + Details
Name: | ifrs-full_UsefulLivesOrDepreciationRatesPropertyPlantAndEquipment
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Description related to aircraft purchased. + References No definition available. + Details
Name: | ltm_DescriptionOfAircraftPurchase
Namespace Prefix: | ltm_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition It represents the frequency of payment. + References No definition available. + Details
Name: | ltm_FrequencyOfPayment
Namespace Prefix: | ltm_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition It represents the amount of indirect fair value of property plant and equipment materially different from carrying amount. + References No definition available. + Details
Name: | ltm_IndirectFairValueOfPropertyPlantAndEquipmentMateriallyDifferentFromCarryingAmount
Namespace Prefix: | ltm_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition It represents the indirect property plant and equipment pledged as security. + References No definition available. + Details
Name: | ltm_IndirectPropertyPlantAndEquipmentPledgedAsSecurity
Namespace Prefix: | ltm_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition It represents the amount of manufacturers price property plant and equipment. + References No definition available. + Details
Name: | ltm_ManufacturersPricePropertyPlantAndEquipment
Namespace Prefix: | ltm_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Represent information about number of aircraft delivery. + References No definition available. + Details
Name: | ltm_NumberOfAircraft
Namespace Prefix: | ltm_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

X
- Definition It represents the number of aircraft cancelled. + References No definition available. + Details
Name: | ltm_NumberOfAircraftCancelled
Namespace Prefix: | ltm_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

X
- Definition It represents the number of aircraft leased. + References No definition available. + Details
Name: | ltm_NumberOfAircraftLeased
Namespace Prefix: | ltm_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

X
- Definition It represents the number of aircraft sold. + References No definition available. + Details
Name: | ltm_NumberOfAircraftSold
Namespace Prefix: | ltm_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of predelivery payments to aircraft manufacturers. + References No definition available. + Details
Name: | ltm_PredeliveryPaymentsToAircraftManufacturers
Namespace Prefix: | ltm_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Details
Name: | ltm_TypeOfArrangement1Axis=ltm_AircraftPurchaseAgreementMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ifrs-full_ConstructionInProgressMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ltm_Boeing777Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ltm_AirbusA340Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ltm_Dash200Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ltm_AirbusA319Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ltm_AirbusA330Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ltm_AirbusA320Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ltm_Boeing1767Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | dei_LegalEntityAxis=ltm_FEDEXMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ltm_Boeing1777Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | dei_LegalEntityAxis=ltm_DHLMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ltm_Boeing7879Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ltm_AirbusA321NEOMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ltm_AirbusA3501000Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ltm_AirbusA3501Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ltm_TheBoeingCompanyMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ltm_TypeOfArrangement1Axis=ltm_AircraftPurchaseContractsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ifrs-full_OtherPropertyPlantAndEquipmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ifrs-full_AircraftUnderFinanceLeaseMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |