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FINANCIAL RISK MANAGEMENT (Tables)

12 Months Ended

Dec. 31, 2017

Disclosure of risk management strategy related to hedge accounting [line items]

Schedule of level of hedge

The following tables show the level of hedge for different periods:

Positions as of December 31, 2017 (*)		Maturities
		Q118				Q218				Q318				Total
Percentage of coverage over the expected volume of consumption			19	%			12	%			5	%			12	%

(*) The volume shown in the table considers all the hedging instruments (swaps and options).

Positions as of December 31, 2016 (*)		Maturities
		Q117				Q217				Total
Percentage of coverage over the expected volume of consumption			21	%			16	%			18	%

(*) The volume shown in the table considers all the hedging instruments (swaps and options).

Schedule of class of liability for the analysis of liquidity risk ordered by date of maturity

LATAM Airlines Group S.A. and Subsidiaries, Tax No. 89.862.200-2 Chile.

												More than				More than				More than
								Up to				90 days				one to				three to				More than
				Creditor				90				to one				three				five				five								Nominal						Effective				Nominal
Tax No.		Creditor		country		Currency		days				year				years				years				years				Total				value				Amortization		rate				rate
								ThUS$				ThUS$				ThUS$				ThUS$				ThUS$				ThUS$				ThUS$						%				%
Loans to exporters
97.032.000-8		BBVA		Chile		US$			75,863				-				-				-				-				75,863				75,000			At Expiration			2.30				2.30
97.032.000-8		BBVA		Chile		UF			-				57,363				-				-				-				57,363				55,801			At Expiration			3.57				2.77
97.036.000-K		SANTANDER		Chile		US$			30,131				-				-				-				-				30,131				30,000			At Expiration			2.49				2.49
97.030.000-7		ESTADO		Chile		US$			40,257				-				-				-				-				40,257				40,000			At Expiration			2.57				2.57
97.003.000-K		BANCO DO BRASIL		Chile		US$			100,935				-				-				-				-				100,935				100,000			At Expiration			2.40				2.40
97.951.000-4		HSBC		Chile		US$			12,061				-				-				-				-				12,061				12,000			At Expiration			2.03				2.03
Bank loans
97.023.000-9		CORPBANCA		Chile		UF			22,082				22,782				43,430				-				-				88,294				84,664			Quarterly			3.68				3.68
0-E		BLADEX		U.S.A.		US$			-				16,465				15,628				-				-				32,093				30,000			Semiannual			5.51				5.51
97.036.000-K		SANTANDER		Chile		US$			2,040				3,368				202,284				-				-				207,692				202,284			Quarterly			4.41				4.41
Obligations with the public
0-E		BANK OF NEW YORK		U.S.A.		US$			-				84,375				650,625				96,250				772,188				1,603,438				1,200,000			At Expiration			7.44				7.03
97.030.000-7		ESTADO		Chile		UF			-				20,860				41,720				226,379				245,067				534,026				379,274			At Expiration			5.50				5.50
Guaranteed obligations
0-E		CREDIT AGRICOLE		France		US$			8,368				25,415				56,305				12,751				-				102,839				98,091			Quarterly			2.66				2.22
0-E		BNP PARIBAS		U.S.A.		US$			14,498				59,863				148,469				145,315				313,452				681,597				575,221			Quarterly			3.41				3.40
0-E		WELLS FARGO		U.S.A.		US$			30,764				92,309				246,285				246,479				245,564				861,401				808,987			Quarterly			2.46				1.75
0-E		WILMINGTON TRUST COMPANY		U.S.A.		US$			32,026				95,042				253,469				244,836				676,474				1,301,847				1,034,853			Quarterly			4.48				4.48
0-E		CITIBANK		U.S.A.		US$			14,166				42,815				114,612				112,435				102,045				386,073				351,217			Quarterly			3.31				2.47
0-E		BTMU		U.S.A.		US$			3,292				9,997				26,677				26,704				14,133				80,803				74,734			Quarterly			2.87				2.27
0-E		APPLE BANK		U.S.A.		US$			1,611				4,928				13,163				13,196				7,369				40,267				37,223			Quarterly			2.78				2.18
0-E		US BANK		U.S.A.		US$			18,485				55,354				146,709				145,364				158,236				524,148				472,833			Quarterly			4.00				2.82
0-E		DEUTSCHE BANK		U.S.A.		US$			4,043				12,340				32,775				32,613				32,440				114,211				96,906			Quarterly			4.39				4.39
0-E		NATIXIS		France		US$			18,192				54,952				129,026				105,990				166,011				474,171				413,011			Quarterly			3.42				3.40
0-E		PK AirFinance		U.S.A.		US$			2,375				7,308				20,812				18,104				-				48,599				46,500			Monthly			3.18				3.18
0-E		KFW IPEX-BANK		Germany		US$			2,570				7,111				16,709				1,669				-				28,059				26,888			Quarterly			3.31				3.31
0-E		AIRBUS FINANCIAL		U.S.A.		US$			2,033				6,107				15,931				-				-				24,071				22,925			Monthly			3.19				3.19
0-E		INVESTEC		England		US$			1,930				11,092				26,103				26,045				11,055				76,225				63,378			Semiannual			6.04				6.04
Other guaranteed obligations
0-E		CREDIT AGRICOLE		France		US$			1,757				5,843				246,926				-				-				254,526				241,287			At Expiration			3.38				3.38
Financial leases
0-E		ING		U.S.A.		US$			5,890				12,076				28,234				-				-				46,200				42,957			Quarterly			5.67				5.00
0-E		CITIBANK		U.S.A.		US$			12,699				38,248				91,821				51,222				2,880				196,870				184,274			Quarterly			3.78				3.17
0-E		PEFCO		U.S.A.		US$			13,354				34,430				23,211				-				-				70,995				67,783			Quarterly			5.46				4.85
0-E		BNP PARIBAS		U.S.A.		US$			13,955				35,567				50,433				2,312				-				102,267				98,105			Quarterly			3.66				3.25
0-E		WELLS FARGO		U.S.A.		US$			12,117				38,076				98,424				66,849				21,253				236,719				221,113			Quarterly			3.17				2.67
97.036.000-K		SANTANDER		Chile		US$			6,049				18,344				48,829				47,785				3,156				124,163				117,023			Quarterly			2.51				1.96
0-E		RRPF ENGINE		England		US$			370				3,325				8,798				8,692				9,499				30,684				25,983			Monthly			4.01				4.01
Other loans
0-E		CITIBANK (*)		U.S.A.		US$			25,783				77,810				206,749				-				-				310,342				285,891			Quarterly			6.00				6.00
Derivatives of coverage
-		Others		-		US$			5,656				6,719				6,228				-				-				18,603				17,407			-			0.00				0.00
		Total							535,352				960,284				3,010,385				1,630,990				2,780,822				8,917,833				7,633,613

(*) Bonus securitized with the future flows of credit card sales in the United States and Canada.

Class of liability for the analysis of liquidity risk ordered by date of maturity as of December 31, 2017

Debtor: TAM S.A. and Subsidiaries, Tax No. 02.012.862/0001-60, Brazil.

												More than				More than				More than
								Up to				90 days				one to				three to				More than
				Creditor				90				to one				three				five				five								Nominal						Effective				Nominal
Tax No.		Creditor		country		Currency		days				year				years				years				years				Total				value				Amortization		rate				rate
								ThUS$				ThUS$				ThUS$				ThUS$				ThUS$				ThUS$				ThUS$						%				%
Bank loans
0-E		NEDERLANDSCHE
		CREDIETVERZEKERING MAATSCHAPPIJ		Holland		US$			176				497				1,332				722				-				2,727				2,382			Monthly			6.01				6.01
Financial leases
0-E		NATIXIS		France		US$			4,248				7,903				23,141				71,323				-				106,615				99,036			Quarterly / Semiannual			5.59				5.59
0-E		WACAPOU LEASING S.A.		Luxembourg		US$			837				2,411				6,509				3,277				-				13,034				12,047			Quarterly			3.69				3.69
0-E		SOCIÉTÉ GÉNÉRALE  MILAN BRANCH		Italy		US$			11,735				32,230				204,836				-				-				248,801				244,513			Quarterly			4.87				4.81
0-E		BANCO IBM S.A		Brazil		BRL			34				-				-				-				-				34				21			Monthly			6.89				6.89
0-E		SOCIÉTÉ GÉNÉRALE		France		BRL			161				12				-				-				-				173				109			Monthly			6.89				6.89
		Total							17,191				43,053				235,818				75,322				-				371,384				358,108

Class of liability for the analysis of liquidity risk ordered by date of maturity as of December 31, 2017

Debtor: LATAM Airlines Group S.A. and Subsidiaries, Tax No. 89.862.200-2, Chile.

												More than				More than				More than
								Up to				90 days				one to				three to				More than
				Creditor				90				to one				three				five				five								Nominal								Effective				Nominal
Tax No.		Creditor		country		Currency		days				year				years				years				years				Total				value				Amortization				rate				rate
								ThUS$				ThUS$				ThUS$				ThUS$				ThUS$				ThUS$				ThUS$								%				%
Trade and other accounts payables
-		OTHERS		OTHERS		ThUS$			566,838				-				-				-				-				566,838				566,838				-				-				-
						CLP			165,299				-				-				-				-				165,299				165,299				-				-				-
						BRL			315,605				-				-				-				-				315,605				315,605				-				-				-
						Other currencies			290,244				11,215				-				-				-				301,459				301,459				-				-				-
Accounts payable to related parties currents
78.997.060-2		Viajes Falabella Ltda.		Chile		CLP			534				-				-				-				-				534				534				-				-				-
0-E		Inversora Aeronáutica Argentina		Argentina		ThUS$			4				-				-				-				-				4				4				-				-				-
0-E		Consultoría Administrativa Profesional S.A. de C.V.		Mexico		MXN			210				-				-				-				-				210				210				-				-				-
78.591.370-1		Bethia S.A. y Filiales		Chile		CLP			12				-				-				-				-				12				12				-				-				-
		Total							1,338,746				11,215				-				-				-				1,349,961				1,349,961
		Total consolidated							1,891,289				1,014,552				3,246,203				1,706,312				2,780,822				10,639,178				9,341,682

Class of liability for the analysis of liquidity risk ordered by date of maturity as of December 31, 2016

Debtor: LATAM Airlines Group S.A. and Subsidiaries, Tax No. 89.862.200-2 Chile.

												More than				More than				More than
								Up to				90 days				one to				three to				More than
				Creditor				90				to one				three				five				five								Nominal						Effective				Nominal
Tax No.		Creditor		country		Currency		days				year				years				years				years				Total				value				Amortization		rate				rate
								ThUS$				ThUS$				ThUS$				ThUS$				ThUS$				ThUS$				ThUS$						%				%
Loans to exporters
97.032.000-8		BBVA		Chile		ThUS$			75,212				-				-				-				-				75,212				75,000			At Expiration			1.85				1.85
97.032.000-8		BBVA		Chile		ThUS$			-				52,675				-				-				-				52,675				50,381			At Expiration			5.23				4.43
97.036.000-K		SANTANDER		Chile		ThUS$			30,193				-				-				-				-				30,193				30,000			At Expiration			2.39				2.39
97.030.000-7		ESTADO		Chile		ThUS$			40,191				-				-				-				-				40,191				40,000			At Expiration			1.91				1.91
97.003.000-K		BANCO DO BRASIL		Chile		ThUS$			72,151				-				-				-				-				72,151				70,000			At Expiration			3.08				3.08
97.951.000-4		HSBC		Chile		ThUS$			12,054				-				-				-				-				12,054				12,000			At Expiration			1.79				1.79
Bank loans
97.023.000-9		CORPBANCA		Chile		UF			20,808				61,112				63,188				16,529				-				161,637				153,355			Quarterly			4.06				4.06
0-E		BLADEX		U.S.A.		ThUS$			-				14,579				31,949				-				-				46,528				42,500			Semiannual			5.14				5.14
0-E		DVB BANK SE		U.S.A.		ThUS$			145				199				28,911				-				-				29,255				28,911			Quarterly			1.86				1.86
97.036.000-K		SANTANDER		Chile		ThUS$			1,497				4,308				160,556				-				-				166,361				158,194			Quarterly			3.55				3.55
Obligations with the public
0-E		BANK OF NEW YORK		U.S.A.		ThUS$			-				36,250				72,500				518,125				-				626,875				500,000			At Expiration			7.77				7.25
Guaranteed obligations
0-E		CREDIT AGRICOLE		France		ThUS$			11,728				30,916				65,008				33,062				3,760				144,474				138,417			Quarterly			2.21				1.81
0-E		BNP PARIBAS		U.S.A.		ThUS$			13,805				56,324				142,178				141,965				376,894				731,166				628,118			Quarterly			2.97				2.96
0-E		WELLS FARGO		U.S.A.		ThUS$			35,896				107,830				287,878				288,338				411,076				1,131,018				1,056,345			Quarterly			2.37				1.68
0-E		WILMINGTON TRUST COMPANY		U.S.A.		ThUS$			25,833				79,043				206,952				200,674				733,080				1,245,582				967,336			Quarterly			4.25				4.25
0-E		CITIBANK		U.S.A.		ThUS$			20,224				61,020				164,077				166,165				184,053				595,539				548,168			Quarterly			2.72				1.96
97.036.000-K		SANTANDER		Chile		ThUS$			5,857				17,697				47,519				48,024				26,448				145,545				138,574			Quarterly			1.98				1.44
0-E		BTMU		U.S.A.		ThUS$			3,163				9,568				25,752				26,117				27,270				91,870				85,990			Quarterly			2.31				1.72
0-E		APPLE BANK		U.S.A.		ThUS$			1,551				4,712				12,693				12,891				13,857				45,704				42,754			Quarterly			2.29				1.69
0-E		US BANK		U.S.A.		ThUS$			18,563				55,592				147,357				146,045				230,747				598,304				532,608			Quarterly			3.99				2.81
0-E		DEUTSCHE BANK		U.S.A.		ThUS$			6,147				18,599				31,640				31,833				48,197				136,416				117,263			Quarterly			3.86				3.86
0-E		NATIXIS		France		ThUS$			14,779				44,826				116,809				96,087				206,036				478,537				422,851			Quarterly			2.60				2.57
0-E		PK AirFinance		U.S.A.		ThUS$			2,265				6,980				19,836				25,610				3,153				57,844				54,787			Monthly			2.40				2.40
0-E		KFW IPEX-BANK		Germany		ThUS$			2,503				7,587				18,772				9,178				-				38,040				36,191			Quarterly			2.55				2.55
0-E		AIRBUS FINANCIAL		U.S.A.		ThUS$			1,982				5,972				16,056				7,766				-				31,776				30,199			Monthly			2.49				2.49
0-E		INVESTEC		England		ThUS$			1,880				10,703				25,369				25,569				23,880				87,401				72,202			Semiannual			5.67				5.67
Other guaranteed obligations
0-E		CREDIT AGRICOLE		France		ThUS$			1,501				4,892				268,922				-				-				275,315				256,860			At Expiration			2.85				2.85
Financial leases
0-E		ING		U.S.A.		ThUS$			5,889				17,671				34,067				12,134				-				69,761				63,698			Quarterly			5.62				4.96
0-E		CREDIT AGRICOLE		France		ThUS$			1,788				5,457				-				-				-				7,245				7,157			Quarterly			1.85				1.85
0-E		CITIBANK		U.S.A.		ThUS$			6,083				18,250				48,667				14,262				-				87,262				78,249			Quarterly			6.40				5.67
0-E		PEFCO		U.S.A.		ThUS$			17,558				50,593				67,095				3,899				-				139,145				130,811			Quarterly			5.39				4.79
0-E		BNP PARIBAS		U.S.A.		ThUS$			13,744				41,508				79,165				22,474				-				156,891				149,119			Quarterly			3.69				3.26
0-E		WELLS FARGO		U.S.A.		ThUS$			5,591				16,751				44,615				44,514				1,880				113,351				103,326			Quarterly			3.98				3.54
0-E		DVB BANK SE		U.S.A.		ThUS$			4,773				9,541				-				-				-				14,314				14,127			Quarterly			2.57				2.57
0-E		RRPF ENGINE		England		ThUS$			-				-				8,248				8,248				12,716				29,212				25,274			Monthly			2.35				2.35
Other loans
0-E		BOEING		U.S.A.		ThUS$			163				320				26,214				-				-				26,697				26,214			At Expiration			2.35				2.35
0-E		CITIBANK (*)		U.S.A.		ThUS$			25,802				77,795				207,001				103,341				-				413,939				370,389			Quarterly			6.00				6.00
Hedging derivatives
-		OTROS		-		ThUS$			7,364				15,479				7,846				-				-				30,689				-			-			0.00				0.00
-		Total							508,683				944,749				2,476,840				2,002,850				2,303,047				8,236,169				7,257,368

(*) Securitized bond with the future flows from the sales with credit card in United States and Canada.

Clases de pasivo para el análisis del riesgo de liquidez agrupado por vencimiento al 31 de diciembre de 2016

Nombre empresa deudora: TAM S.A. y Filiales, Rut 02.012.862/0001-60, Brasil.

												Más de				Más de				Más de
				País de		Descripción		Hasta				90 días				uno a				tres a				Más de								Total
Rut empresa				empresa		de la		90				a un				tres				cinco				cinco				Total				Valor				Tipo de		Tasa				Tasa
acreedora		Nombre empresa acreedora		acreedora		moneda		días				año				años				años				años				Valor				nominal				amortización		efectiva				nominal
								MUS$				MUS$				MUS$				MUS$				MUS$				MUS$				MUS$						%				%
Préstamos bancarios
0-E		NEDERLANDSCHE CREDIETVERZEKERING MAATSCHAPPIJ		Holanda		US$			179				493				1,315				1,314				54				3,355				2,882			Mensual			6.01				6.01
0-E		CITIBANK		E.E.U.U.		US$			1,528				203,150				-				-				-				204,678				200,000			Al Vencimiento			3.39				3.14
Obligaciones con el Público
0-E		THE BANK OF NEW YORK		E.E.U.U.		US$			-				352,938				83,750				562,813				-				999,501				800,000			Al Vencimiento			8.17				8.00
Arrendamiento Financiero
0-E		AFS INVESTMENT IX LLC		E.E.U.U.		US$			2,733				7,698				20,522				8,548				-				39,501				35,448			Mensual			1.25				1.25
0-E		DVB BANK SE		E.E.U.U.		US$			120				165				-				-				-				285				282			Mensual			2.50				2.50
0-E		GENERAL ELECTRIC CAPITAL CORPORATION		E.E.U.U.		US$			3,852				5,098				-				-				-				8,950				8,846			Mensual			2.30				2.30
0-E		KFW IPEX-BANK		Alemania		US$			592				1,552				-				-				-				2,144				2,123			Mensual/Trimestral			2.80				2.80
0-E		NATIXIS		Francia		US$			4,290				7,837				22,834				40,968				41,834				117,763				107,443			Trimestral/Semestral			4.90				4.90
0-E		WACAPOU LEASING S.A.		Luxemburgo		US$			833				2,385				6,457				6,542				-				16,217				14,754			Trimestral			3.00				3.00
0-E		SOCIÉTÉ GÉNÉRALE MILAN BRANCH		Italia		US$			11,875				32,116				85,995				171,553				-				301,539				279,335			Trimestral			4.18				4.11
0-E		BANCO IBM S.A		Brasil		BRL			380				1,161				35				-				-				1,576				1,031			Mensual			13.63				13.63
0-E		HP FINANCIAL SERVICE		Brasil		BRL			225				-				-				-				-				225				222			Mensual			10.02				10.02
0-E		SOCIÉTÉ GÉNÉRALE		Francia		BRL			146				465				176				-				-				787				519			Mensual			13.63				13.63
		Total							26,753				615,058				221,084				791,738				41,888				1,696,521				1,452,885

Class of liability for the analysis of liquidity risk ordered by date of maturity as of December 31, 2016

Debtor: LATAM Airlines Group S.A. and Subsidiaries, Tax No. 89.862.200-2, Chile.

												More than				More than				More than
								Up to				90 days				one to				three to				More than
				Creditor				90				to one				three				five				five								Nominal								Effective				Nominal
Tax No.		Creditor		country		Currency		days				year				years				years				years				Total				value				Amortization				rate				rate
								ThUS$				ThUS$				ThUS$				ThUS$				ThUS$				ThUS$				ThUS$								%				%
Trade and other accounts payables
-		OTHERS		OTHERS		ThUS$			549,897				21,215				-				-				-				571,112				571,112				-				-				-
						CLP			48,842				(30	)			-				-				-				48,812				48,812				-				-				-
						BRL			346,037				27				-				-				-				346,064				346,064				-				-				-
						Others currencies			140,471				11,467				-				-				-				151,938				151,938				-				-				-
Accounts payable to related parties currents
0-E		Consultoría Administrativa Profesional S.A. de C.V.		Mexico		MXN			170				-				-				-				-				170				170				-				-				-
78.997.060-2		Viajes Falabella Ltda.		Chile		CLP			46				-				-				-				-				46				46				-				-				-
0-E		TAM Aviação Executiva e Taxi Aéreo S.A.		Brazil		BRL			28				-				-				-				-				28				28				-				-				-
65.216.000-K		Comunidad Mujer		Chile		CLP			13				-				-				-				-				13				13
78.591.370-1		Bethia S.A. y Filiales		Chile		CLP			6				-				-				-				-				6				6
79.773.440-3		Transportes San Felipe S.A.		Chile		CLP			4				-				-				-				-				4				4				-				-				-
0-E		Inversora Aeronáutica Argentina		Argentina		ThUS$			2				-				-				-				-				2				2				-				-				-
		Total							1,085,516				32,679				-				-				-				1,118,195				1,118,195
		Total consolidated							1,620,952				1,592,486				2,697,924				2,794,588				2,344,935				11,050,885				9,828,448

Schedule of classification of financial instruments at fair value

The following table shows the classification of financial instruments at fair value, depending on the level of information used in the assessment:

		As of December 31, 2017																As of December 31, 2016
						Fair value measurements using values																Fair value measurements using values
						considered as																considered as
		Fair value				Level I				Level II				Level III				Fair value				Level I				Level II				Level III
		ThUS$				ThUS$				ThUS$				ThUS$				ThUS$				ThUS$				ThUS$				ThUS$
Assets
Cash and cash equivalents			29,658				29,658				-				-				15,522				15,522				-				-
Short-term mutual funds			29,658				29,658				-				-				15,522				15,522				-				-
Other financial assets, current			536,001				473,653				62,348				-				548,402				536,991				11,411				-
Fair value derived interest rate			3,113				-				3,113				-				-				-				-				-
Fair value of fuel derivatives			10,711				-				10,711				-				10,088				-				10,088				-
Fair value derived from foreign currency			48,322				-				48,322				-				1,259				-				1,259				-
Interest accrued since the last payment date of Cross Currency Swap			202				-				202				-				64				-				64				-
Private investment funds			472,232				472,232				-				-				536,991				536,991				-				-
Domestic and foreign bonds			1,421				1,421				-				-				-				-				-				-
Other financial assets, not current			519				-				519				-				-				-				-				-
Fair value derived from foreign currency			519				-				519				-				-				-				-				-
Liabilities
Other financial liabilities, current			12,200				-				12,200				-				24,881				-				24,881				-
Fair value of interest rate derivatives			8,919				-				8,919				-				9,579				-				9,579				-
Fair value of foreign currency derivatives			2,092				-				2,092				-				13,155				-				13,155				-
Interest accrued since the last payment date of Currency Swap			1,189				-				1,189				-				2,147				-				2,147				-
Other financial liabilities, non current			2,617				-				2,617				-				6,679				-				6,679				-
Fair value of interest rate derivatives			2,617				-				2,617				-				6,679				-				6,679				-

Schedule of financial instruments which are not recorded at fair value

In order to meet the disclosure requirements of fair values, the Company has valued these instruments as shown in the table below:

		As of December 31, 2017								As of December 31, 2016
		Book				Fair				Book				Fair
		value				value				value				value
		ThUS$				ThUS$				ThUS$				ThUS$
Cash and cash equivalents			1,112,346				1,112,346				933,805				933,805
Cash on hand			8,562				8,562				8,630				8,630
Bank balance			330,430				330,430				255,746				255,746
Overnight			239,292				239,292				295,060				295,060
Time deposits			534,062				534,062				374,369				374,369
Other financial assets, current			23,918				23,918				164,426				164,426
Other financial assets			23,918				23,918				164,426				164,426
Trade debtors, other accounts receivable and Current accounts receivable			1,214,050				1,214,050				1,107,889				1,107,889
Accounts receivable from entities related, current			2,582				2,582				554				554
Other financial assets, not current			87,571				87,571				102,125				102,125
Accounts receivable, non-current			6,891				6,891				8,254				8,254
Other current financial liabilities			1,288,749				1,499,495				1,814,647				2,022,290
Accounts payable for trade and other accounts payable, current			1,695,202				1,695,202				1,593,068				1,593,068
Accounts payable to entities related, current			760				760				269				269
Other financial liabilities, not current			6,602,891				6,738,872				6,790,273				6,970,375
Accounts payable, not current			498,832				498,832				359,391				359,391

Fuel-Price Risk [Member]

Disclosure of risk management strategy related to hedge accounting [line items]

Schedule of sensitivity analysis

The calculations were made considering a parallel movement of US$ 5 per barrel in the curve of the BRENT and JET crude futures benchmark price at the end of December 2017 and the end of December, 2016.

		Positions as of December 31, 2017		Positions as of December 31, 2016
Benchmark price		effect on equity		effect on equity
(US$ per barrel)		(millions of US$)		(millions of US$)
+5		+1.8		+3.12
-5		- 3.3		-4.78

Foreign Exchange Rate Risk [Member]

Disclosure of risk management strategy related to hedge accounting [line items]

Schedule of sensitivity analysis

The following table shows the awareness of FX derivative instruments according to reasonable changes in the exchange rate and its effect on equity. The projection term was defined until the end of the last contract of coverage in force, being the last business day of the second quarter of the year 2018:

Appreciation (depreciation)		Effect at December 31, 2017		Effect at December 31, 2016
of R$ (*)		Millions of US$		Millions of US$
-10%		-10.7		-1.02
+10%		+9.7		+3.44

(*)Both currencies (BRL and GBP) only apply period to the closing of 2016.

The following table shows the variation of financial performance to appreciate or depreciate 10% exchange rate R$/US$:

Appreciation (depreciation)*		Effect at December 31, 2017		Effect at December 31, 2016
of R$/US$		Millons of US$		Millons of US$
-10%		+80.5		+119.2
+10%		-80.5		-119.2

(*) Appreciation (depreciation) of US$ regard to the covered currencies.

The following table shows the change in Other comprehensive income recognized in Total equity in the case of appreciate or depreciate 10% the exchange rate R$/US$:

Appreciation (depreciation)		Effect at December 31, 2017		Effect at December 31, 2016
of R$/US$		Millions of US$		Millions of US$
-10%		+386.62		+351.04
+10%		-316.33		-287.22

Interest Rate Risk [Member]

Disclosure of risk management strategy related to hedge accounting [line items]

Schedule of sensitivity analysis

The following table shows the sensitivity of changes in financial obligations that are not hedged against interest-rate variations. These changes are considered reasonably possible, based on current market conditions each date.

Increase (decrease)		Positions as of December 31, 2017		Positions as of December 31, 2016
futures curve		effect on profit or loss before tax		effect on profit or loss before tax
in libor 3 months		(millions of US$)		(millions of US$)
+100 basis points		-29.26		-32.16
-100 basis points		+29.26		+32.16

The calculations were made increasing (decreasing) vertically 100 basis points of the three-month Libor futures curve, being both reasonably possible scenarios according to historical market conditions.

Increase (decrease)		Positions as of December 31, 2017		Positions as of December 31, 2016
futures curve		effect on equity		effect on equity
in libor 3 months		(millions of US$)		(millions of US$)
+100 basis points		+1.9		+3.93
-100 basis points		-1.9		-4.03

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