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EQUITY (Tables) | 12 Months Ended
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Dec. 31, 2017
Disclosure of reserves within equity [line items] |
Schedule of movement of authorized shares | The following table shows the movement of the authorized and fully paid shares described above: Movement of authorized shares
|  | Nro. Of |
|  | shares |
Autorized shares as of January 1, 2016 |  |  | 551,847,819 |
Increase capital approved at Extraordinary Shareholders meeting dated August 18, 2016 |  |  | 61,316,424 |
Full capital decrease due to maturity of the subscription and payment period of the compensation plan 2011, December 21, 2016 (*) |  |  | (4,789,718 | )
Authorized shares as of December 31, 2016 |  |  | 608,374,525 |
Autorized shares as of January 1, 2017 |  |  | 608,374,525 |
There is no movement of authorized shares during the period 2017 |  |  | - |
Authorized shares as of December 31, 2017 |  |  | 608,374,525 |
(*) See Note 34 (a.1)
Schedule of movement of fully paid shares | Movement fully paid shares
|  |  |  |  | Movement |  |  |  |  |  |  |
|  |  |  |  | value |  |  | Cost of issuance |  |  |  |
|  |  |  |  | of shares |  |  | and placement |  |  | Paid- in |
|  | N° of |  |  | (1) |  |  | of shares (2) |  |  | Capital |
|  | shares |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Paid shares as of January 1, 2016 |  |  | 545,547,819 |  |  |  | 2,552,066 |  |  |  | (6,361 | ) |  |  | 2,545,705 |
Approved at Extraordinary Shereholders meeting dated August 18, 2016 |  |  | 60,849,592 |  |  |  | 608,496 |  |  |  | - |  |  |  | 608,496 |
Capital reserve |  |  | - |  |  |  | - |  |  |  | (4,793 | ) |  |  | (4,793 | )
Increase (decrease) by transfers and other changes (4) |  |  | 10,282 |  |  |  | 156 |  |  |  | - |  |  |  | 156 |
Paid shares as of December 31, 2016 |  |  | 606,407,693 |  |  |  | 3,160,718 |  |  |  | (11,154 | ) |  |  | 3,149,564 |
Paid shares as of January 1, 2017 |  |  | 606,407,693 |  |  |  | 3,160,718 |  |  |  | (11,154 | ) |  |  | 3,149,564 |
Capital reserve |  |  | - |  |  |  | - |  |  |  | (3,299 | ) |  |  | (3,299 | )
Paid shares as of December 31, 2017 |  |  | 606,407,693 | (3) |  |  | 3,160,718 |  |  |  | (14,453 | ) |  |  | 3,146,265 |
(1) Amounts reported represent only those arising from the payment of the shares subscribed. (2) Decrease of capital by capitalization of reserves for cost of issuance and placement of shares established according to Extraordinary Shareholder´s Meetings, where such decreases were authorized. (3) At December 31, 2017, the difference between authorized shares and fully paid shares are 1,966,832 shares, of which 1,500,000 correspond to compensation plans for executives of LATAM Airlines Group S.A. and subsidiaries (see Note 34(a.2)) and 466,832 correspond to the shares issued and unsubscribed from the capital increase approved at the Extraordinary Shareholders Meeting held on August 18, 2016. (4) These 10,282 shares were placed in January 2014 and charged to the Compensation plan 2011 (See Note 34 (a.1))
Schedule of movement of reserves of share-based payments | Movement of Reserves of share- based payments:
|  |  |  |  | Stock |  |  |  |  |  |  |  |  |  |
|  | Opening |  |  | option |  |  | Deferred |  |  | Net movement |  |  | Closing |
Periods |  | balance |  |  | plan |  |  | tax |  |  | of the period |  |  | balance |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
From January 1 to December 31, 2015 |  |  | 29,642 |  |  |  | 8,924 |  |  |  | (2,919 | ) |  |  | 6,005 |  |  |  | 35,647 |
From January 1 to December 31, 2016 |  |  | 35,647 |  |  |  | 3,698 |  |  |  | (807 | ) |  |  | 2,891 |  |  |  | 38,538 |
From January 1 to December 31, 2017 |  |  | 38,538 |  |  |  | 943 |  |  |  | - |  |  |  | 943 |  |  |  | 39,481 |
Schedule of balance of other sundry reserves | Balance of Other sundry reserves comprises the following:
|  | As of |  |  | As of |  |  | As of |
|  | December 31, |  |  | December 31, |  |  | December 31, |
|  | 2017 |  |  | 2016 |  |  | 2015 |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Higher value for TAM S.A. share exchange (1) |  |  | 2,665,692 |  |  |  | 2,665,692 |  |  |  | 2,665,692 |
Reserve for the adjustment to the value of fixed assets (2) |  |  | 2,620 |  |  |  | 2,620 |  |  |  | 2,620 |
Transactions with non-controlling interest (3) |  |  | (25,911 | ) |  |  | (25,911 | ) |  |  | (25,891 | )
Cost of issuance and placement of shares |  |  | 0 |  |  |  | (9 | ) |  |  | (4,793 | )
Others |  |  | (2,621 | ) |  |  | (2,111 | ) |  |  | (2,949 | )
Total |  |  | 2,639,780 |  |  |  | 2,640,281 |  |  |  | 2,634,679 |
| (1) | Corresponds to the difference in the shares value of TAM S.A. acquired (under subscriptions) by Sister Holdco S.A. and Holdco II S.A. (under the Exchange Offer), as stipulated in the Declaration of Posting of Merger by Absorption and the fair value of these exchange shares of LATAM Airlines Group S.A. at June 22, 2012.
| (2) | Corresponds to the technical revaluation of fixed assets authorized by the Commission for the Financial Market in 1979, in Circular N° 1529. The revaluation was optional and could be taken only once, the reserve is not distributable and can only be capitalized.
| (3) | The balance at December 31, 2017, correspond to the loss generated by the participation of Lan Pax Group S.A. and Inversiones Lan S.A. in the acquisition of shares of Aerovías de Integración Regional Aires of ThUS$ (3,480) and ThUS$ (20), respectively; the acquisition of TAM S.A. of the minority holding of Aerolinhas Brasileiras S.A. of ThUS$ (885) and the acquisition of minority interest of Aerolane S.A. by Lan Pax group S.A. through Holdco Ecuador S.A. for US$ (21,526).
Schedule of movement of reserves with effect in other comprehensive income | Movement of Reserves with effect in other comprehensive income:
|  |  |  |  |  |  |  | Actuarial gain |  |  |  |
|  | Currency |  |  | Cash flow |  |  | or loss on defined |  |  |  |
|  | translation |  |  | hedging |  |  | benefit plans |  |  |  |
|  | reserve |  |  | reserve |  |  | reserve |  |  | Total |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Opening balance as of January 1, 2015 |  |  | (1,193,871 | ) |  |  | (151,340 | ) |  |  | - |  |  |  | (1,345,211 | )
Derivatives valuation gains (losses) |  |  | - |  |  |  | 82,730 |  |  |  | - |  |  |  | 82,730 |
Deferred tax |  |  | - |  |  |  | (21,900 | ) |  |  | - |  |  |  | (21,900 | )
Actuarial reserves by employee benefit plans |  |  | - |  |  |  | - |  |  |  | (14,627 | ) |  |  | (14,627 | )
Deferred tax actuarial IAS by employee benefit plans |  |  | - |  |  |  | - |  |  |  | 3,910 |  |  |  | 3,910 |
Difference by subsidiaries conversion |  |  | (1,382,170 | ) |  |  | - |  |  |  | - |  |  |  | (1,382,170 | )
Closing balance as of December 31, 2015 |  |  | (2,576,041 | ) |  |  | (90,510 | ) |  |  | (10,717 | ) |  |  | (2,677,268 | )
Opening balance as of January 1, 2016 |  |  | (2,576,041 | ) |  |  | (90,510 | ) |  |  | (10,717 | ) |  |  | (2,677,268 | )
Derivatives valuation gains (losses) |  |  | - |  |  |  | 126,360 |  |  |  | - |  |  |  | 126,360 |
Deferred tax |  |  | - |  |  |  | (34,344 | ) |  |  | - |  |  |  | (34,344 | )
Actuarial reserves by employee benefit plans |  |  | - |  |  |  | - |  |  |  | (3,104 | ) |  |  | (3,104 | )
Deferred tax actuarial IAS by employee benefit plans |  |  | - |  |  |  | - |  |  |  | 921 |  |  |  | 921 |
Difference by subsidiaries conversion |  |  | 489,486 |  |  |  | - |  |  |  | - |  |  |  | 489,486 |
Closing balance as of December 31, 2016 |  |  | (2,086,555 | ) |  |  | 1,506 |  |  |  | (12,900 | ) |  |  | (2,097,949 | )
Opening balance as of January 1, 2017 |  |  | (2,086,555 | ) |  |  | 1,506 |  |  |  | (12,900 | ) |  |  | (2,097,949 | )
Derivatives valuation gains (losses) |  |  | - |  |  |  | 18,436 |  |  |  | - |  |  |  | 18,436 |
Deferred tax |  |  | - |  |  |  | (1,802 | ) |  |  | - |  |  |  | (1,802 | )
Actuarial reserves by employee benefit plans |  |  | - |  |  |  | - |  |  |  | 2,758 |  |  |  | 2,758 |
Deferred tax actuarial IAS by employee benefit plans |  |  | - |  |  |  | - |  |  |  | (784 | ) |  |  | (784 | )
Difference by subsidiaries conversion |  |  | (45,036 | ) |  |  | - |  |  |  | - |  |  |  | (45,036 | )
Closing balance as of December 31, 2017 |  |  | (2,131,591 | ) |  |  | 18,140 |  |  |  | (10,926 | ) |  |  | (2,124,377 | )
Schedule of movement of retained earnings | Movement of Retained earnings:
|  |  |  |  | Result |  |  |  |  |  | Other |  |  |  |
|  | Opening |  |  | for the |  |  |  |  |  | increase |  |  | Closing |
Periods |  | balance |  |  | period |  |  | Dividends |  |  | (decreases) |  |  | balance |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
From January 1 to December 31, 2015 |  |  | 536,190 |  |  |  | (219,274 | ) |  |  | - |  |  |  | 1,034 |  |  |  | 317,950 |
From January 1 to December 31, 2016 |  |  | 317,950 |  |  |  | 69,220 |  |  |  | (20,766 | ) |  |  | - |  |  |  | 366,404 |
From January 1 to December 31, 2017 |  |  | 366,404 |  |  |  | 155,304 |  |  |  | (46,590 | ) |  |  | - |  |  |  | 475,118 |
Schedule of dividends | (h) Dividends per share
|  | Minimum mandatory |  |  | Final dividend |
|  | dividend |  |  | dividend |
Description of dividend |  | 2017 |  |  | 2016 |
Date of dividend |  |  | 12/31/2017 |  |  |  | 12-31-2016 |
Amount of the dividend (ThUS$) |  |  | 46,590 |  |  |  | 20,766 | (*)
Number of shares among which the dividend is distributed |  |  | 606,407,693 |  |  |  | 606,407,693 |
Dividend per share (US$) |  |  | 0.0768 |  |  |  | 0.0342 |
(*) In accordance with the Material Fact issued on April 27, 2017, LATAM Airlines Group S.A. shareholders approved the distribution of the final dividend proposed by the board of directors in the Ordinary Session of April 4, 2017, amounting to ThUS $ 20,766, which corresponds to 30% of the profits for the year corresponding to the year 2016.
Other Sundry Reserves [Member] |
Disclosure of reserves within equity [line items] |
Schedule of balance of other sundry reserves | Movement of Other sundry reserves:
|  | Opening |  |  | Legal |  |  | Closing |
Periods |  | balance |  |  | reserves |  |  | balance |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
From January 1 to December 31, 2015 |  |  | 2,635,748 |  |  |  | (1,069 | ) |  |  | 2,634,679 |
From January 1 to December 31, 2016 |  |  | 2,634,679 |  |  |  | 5,602 |  |  |  | 2,640,281 |
From January 1 to December 31, 2017 |  |  | 2,640,281 |  |  |  | (501 | ) |  |  | 2,639,780 |

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