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PROPERTY, PLANT AND EQUIPMENT (Tables)

12 Months Ended

Dec. 31, 2017

Property, plant and equipment [abstract]

Schedule of composition of property, plant and equipment

The composition by category of Property, plant and equipment is as follows:

		Gross Book Value								Acumulated depreciation								Net Book Value
		As of				As of				As of				As of				As of				As of
		December 31,				December 31,				December 31,				December 31,				December 31,				December 31,
		2017				2016				2017				2016				2017				2016
		ThUS$				ThUS$				ThUS$				ThUS$				ThUS$				ThUS$
Construction in progress (*)			556,822				470,065				-				-				556,822				470,065
Land			49,780				50,148				-				-				49,780				50,148
Buildings			190,552				190,771				(66,004	)			(60,552	)			124,548				130,219
Plant and equipment			9,222,540				10,099,587				(2,390,142	)			(2,350,045	)			6,832,398				7,749,542
Own aircraft			8,544,185				9,436,684				(2,138,612	)			(2,123,025	)			6,405,573				7,313,659
Other (**)			678,355				662,903				(251,530	)			(227,020	)			426,825				435,883
Machinery			39,084				39,246				(29,296	)			(26,821	)			9,788				12,425
Information technology equipment			166,713				163,695				(136,557	)			(123,981	)			30,156				39,714
Fixed installations and accessories			186,989				178,363				(106,212	)			(94,451	)			80,777				83,912
Motor vehicles			70,290				96,808				(58,812	)			(67,855	)			11,478				28,953
Leasehold improvements			186,679				192,100				(102,454	)			(87,559	)			84,225				104,541
Other property, plants and equipment			3,640,838				3,005,981				(1,355,475	)			(1,177,351	)			2,285,363				1,828,630
Financial leasing aircraft			3,551,041				2,905,556				(1,328,421	)			(1,152,190	)			2,222,620				1,753,366
Other			89,797				100,425				(27,054	)			(25,161	)			62,743				75,264
Total			14,310,287				14,486,764				(4,244,952	)			(3,988,615	)			10,065,335				10,498,149

(*) As of December 31, 2017, includes pre-delivery payments to aircraft manufacturers for ThUS$ 543,720 (ThUS$ 434,250 as of December 31, 2016)

(**) Mainly considers rotable and tools.

Schedule of movement of property, plant and equipment

Movement in the different categories of Property, plant and equipment:

																																				Other
																				Information				Fixed												property,				Property,
														Plant and						technology				installations				Motor				Leasehold				plant and				Plant and
		Construction								Buildings				equipment						equipment				& accessories				vehicles				improvements				equipment				equipment
		in progress				Land				net				net						net				net				net				net				net				net
		ThUS$				ThUS$				ThUS$				ThUS$						ThUS$				ThUS$				ThUS$				ThUS$				ThUS$				ThUS$
Opening balance as of January 1, 2015			937,279				57,988				167,006				6,954,089						51,009				43,783				1,965				56,523				2,503,434				10,773,076
Additions			39,711				-				439				1,304,199						15,322				1,692				280				13,188				64,226				1,439,057
Disposals			-				-				(500	)			(76,675	)		(1)			(27	)			-				(8	)			-				(11	)			(77,221	)
Retirements			(1,262	)			-				(956	)			(38,240	)					(104	)			(476	)			(4	)			-				(8,902	)			(49,944	)
Depreciation expenses			-				-				(7,161	)			(521,688	)					(16,196	)			(11,649	)			(378	)			(13,973	)			(174,474	)			(745,519	)
Foreing exchange			(932	)			(11,786	)			(18,248	)			(129,933	)					(6,126	)			(13,269	)			(638	)			(1,659	)			(252,709	)			(435,300	)
Other increases (decreases)			168,016				(889	)			(49,089	)			(150,677	)					11				68,877				308				9				(2,058	)			34,508
Changes, total			205,533				(12,675	)			(75,515	)			386,986						(7,120	)			45,175				(440	)			(2,435	)			(373,928	)			165,581
Closing balance as of December 31, 2015			1,142,812				45,313				91,491				7,341,075						43,889				88,958				1,525				54,088				2,129,506				10,938,657
Opening balance as of January 1, 2016			1,142,812				45,313				91,491				7,341,075						43,889				88,958				1,525				54,088				2,129,506				10,938,657
Additions			14,481				-				272				1,301,093						7,392				292				6				54,181				13,013				1,390,730
Disposals			-				-				-				(16,918	)		(2)			(59	)			-				(32	)			-				(2,972	)			(19,981	)
Retirements			(284	)			-				(68	)			(39,816	)					(55	)			(1,258	)			-				-				(2,604	)			(44,085	)
Depreciation expenses			-				-				(6,234	)			(562,131	)					(14,909	)			(13,664	)			(293	)			(23,283	)			(124,038	)			(744,552	)
Foreing exchange			5,081				4,835				2,538				51,770						2,924				9,384				223				2,849				93,383				172,987
Other increases (decreases)			(692,025	)			-				42,220				(285,198	)		(3)			532				200				(384	)			16,706				(277,658	)			(1,195,607	)
Changes, total			(672,747	)			4,835				38,728				448,800						(4,175	)			(5,046	)			(480	)			50,453				(300,876	)			(440,508	)
Closing balance as of December 31, 2016			470,065				50,148				130,219				7,789,875						39,714				83,912				1,045				104,541				1,828,630				10,498,149
Opening balance as of January 1, 2017			470,065				50,148				130,219				7,789,875						39,714				83,912				1,045				104,541				1,828,630				10,498,149
Additions			11,145				-				-				258,615						5,708				329				77				8,156				41,483				325,513
Disposals			-				-				-				(16,004	)					(6	)			(10	)			(43	)			-				(27	)			(16,090	)
Retirements			(127	)			-				(6	)			(24,341	)					(473	)			(497	)			-				-				(1,610	)			(27,054	)
Depreciation expenses			-				-				(7,946	)			(496,857	)					(14,587	)			(14,124	)			(187	)			(27,266	)			(204,237	)			(765,204	)
Foreing exchange			107				(368	)			(275	)			(4,603	)					(183	)			(820	)			(8	)			(243	)			(5,113	)			(11,506	)
Other increases (decreases)			75,632				-				2,556				(653,457	)					(17	)			11,987				(448	)			(963	)			626,237				61,527
Changes, total			86,757				(368	)			(5,671	)			(936,647	)					(9,558	)			(3,135	)			(609	)			(20,316	)			456,733				(432,814	)
Closing balance as of December 31, 2017			556,822				49,780				124,548				6,853,228						30,156				80,777				436				84,225				2,285,363				10,065,335

(1) During the first half of 2015 three Airbus A340 aircraft were sold.

During the second half of 2015 seven Dash-200 aircraft were sold.

During the second half of 2015 two Airbus A319 aircraft were sold.

(2) During 2016 the sale of two Airbus A330 aircraft was materialized.

(3) During 2016 the reclassification to non-current assets or groups of assets for disposal classified as held for sale (see Note 13) of two Airbus A319 aircraft, two Airbus A320 aircraft, six Airbus A330 aircraft and two Boeing 777 aircraft was materialized.

Schedule of composition of the fleet

Composition of the fleet:

				Aircraft included
				in Property,								Operating								Total
				plant and equipment								leases								fleet
				As of				As of				As of				As of				As of				As of
				December 31,				December 31,				December 31,				December 31,				December 31,				December 31,
Aircraft		Model		2017				2016				2017				2016				2017				2016
Boeing 767		300ER			34				34				2				3				36				37
Boeing 767		300F			8	(1)			8	(1)			2				3				10	(1)			11	(1)
Boeing 777		300ER			4				4				6				6				10				10
Boeing 777		Freighter			-				-				-				2				-				2
Boeing 787		800			6				6				4				4				10				10
Boeing 787		900			4				4				10				8				14				12
Airbus A319		100			37				36				9				12				46				48
Airbus A320		200			93	(2)			93				38				53				131	(2)			146
Airbus A320		NEO			1				1				3				1				4				2
Airbus A321		200			30				30				17				17				47				47
Airbus A350		900			5	(3)			5				2	(3)			2				7	(3)			7
Total					222				221				93				111				315				332

(1) Two aircraft leased to FEDEX as of December 2017; three aircraft as of December 2016.

(2) Three aircraft leased to Salam Air and one to Sundair

(3) Four aircraft leased to Qatar Air. Two in operating leases and two in Properties, plant and equipment.

Schedule of method used for the depreciation of property, plant and equipment

Method used for the depreciation of Property, plant and equipment:

				Useful life				(years)
		Method		minimum				maximum
Buildings		Straight line without residual value			20				50
Plant and equipment		Straight line with residual value of 20% in the short-haul fleet and 36% in the long-haul fleet. (*)			5				23
Information technology equipment		Straight line without residual value			5				10
Fixed installations and accessories		Straight line without residual value			10				10
Motor vehicle		Straight line without residual value			10				10
Leasehold improvements		Straight line without residual value			5				5
Other property, plant  and equipment		Straight line with residual value of 20% in the short-haul fleet and 36% in the long-haul fleet. (*)			10				23

(*) 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.

(**) Aircraft with remarketing clause are those that are required to sell at the end of the contract.

Schedule of property, plant and equipment pledged as guarantee

Description of Property, plant and equipment pledged as guarantee:

						As of								As of
						December 31,								December 31,
						2017								2016
Guarantee		Assets				Existing				Book				Existing				Book
agent (*)		committed		Fleet		Debt				Value				Debt				Value
						ThUS$				ThUS$				ThUS$				ThUS$
Wilmington		Aircraft and engines		Airbus A321 / A350			637,934				721,602				596,224				722,979
Trust Company				Boeing 767			593,655				888,948				811,723				1,164,364
				Boeing 787			720,267				842,127				739,031				899,445
							-				-
Banco Santander S.A.		Aircraft and engines		Airbus A319			-				-				50,671				91,889
				Airbus A320			199,165				291,649				462,950				709,788
				Airbus A321			29,296				40,584				32,853				44,227
							-				-
BNP Paribas		Aircraft and engines		Airbus A319			84,767				136,407				134,346				228,384
				Airbus A320			110,267				175,650				128,173				181,838
							-
Credit Agricole		Aircraft and engines		Airbus A319			20,874				38,826				26,014				37,389
				Airbus A320			46,895				98,098				71,794				144,157
				Airbus A321			30,322				85,463				40,609				93,110
							-				-				-
Wells Fargo		Aircraft and engines		Airbus A320			224,786				306,660				252,428				333,419
											-
Bank of Utah		Aircraft and engines		Airbus A320 / A350			614,632				666,665				670,826				709,280
							-				-
Natixis		Aircraft and engines		Airbus A320			34,592				72,388				45,748				66,738
				Airbus A321			378,418				481,397				377,104				514,625
							-				-
Citibank N. A.		Aircraft and engines		Airbus A320			94,882				141,817				111,243				166,370
				Airbus A321			36,026				72,741				42,867				70,166
							-				-
KfW IPEX-Bank		Aircraft and engines		Airbus A319			5,592				5,505				7,494				6,360
				Airbus A320			21,296				30,513				28,696				36,066
Airbus Financial Services		Aircraft and engines		Airbus A319			22,927				26,973				30,199				33,823
PK AirFinance US, Inc.		Aircraft and engines		Airbus A320			46,500				56,539				54,786				46,341
JP Morgan		Aircraft and engines		Boeing 777 (1)			169,674				216,000				192,671				236,400
Banco BBVA		Land and buildings (2)					55,801				66,876				50,381				69,498
Total direct guarantee							4,178,568				5,463,428				4,958,831				6,606,656

(*) Due to the characteristics of a syndicated loan, the guarantee agent is the representative of the creditors.

(1) These assets are classified under Non-current assets and disposal group classified as held for sale

(2) Corresponds to a debt classified in item loans to exporters (see Note 19).

Schedule of fully depreciated assets and commitments for future purchases

Fully depreciated assets and commitments for future purchases are as follows:

		As of				As of
		December 31,				December 31,
		2017				2016
		ThUS$				ThUS$
Gross book value of fully depreciated property, plant and equipment still in use			136,811				116,386
Commitments for the acquisition of aircraft (*)			15,400,000				15,100,000
(*) Acording to the manufacturer’s price list.

Schedule of purchase commitment

Purchase commitment of aircraft

		Year of delivery
Manufacturer		2018				2019				2020				2021				2022				Total
Airbus S.A.S.			13				11				16				21				11				72
A320-NEO			7				3				9				8				5				32
A321			-				1				-				-				-				1
A321-NEO			2				3				5				5				4				19
A350-1000			-				-				2				8				2				12
A350-900			4				4				-				-				-				8
The Boeing Company			-				6				2				2				-				10
Boeing 777			-				2				-				-				-				2
Boeing 787-9			-				4				2				2				-				8
Total			13				17				18				23				11				82

Schedule of capitalized interest costs

Capitalized interest costs with respect to Property, plant and equipment.

				For the periods ended
				December 31,
					2017				2016				2015
Average rate of capitalization of capitalized interest costs		%			4.21				3.54				2.79
Costs of capitalized interest		ThUS$			11,053				(696	)			22,551

Schedule of financial leases

The detail of the main financial leases is as follows:

						As of				As of
						December 31,				December 31,
Lessor		Aircraft		Model		2017				2016
Bandurria Leasing Limitd		Airbus A319		100			3				-
Bandurria Leasing Limitd		Airbus A320		200			4				-
Becacina Leasing LLC		Boeing 767		300ER			1				1
Caiquen Leasing LLC		Boeing 767		300F			1				1
Cernicalo Leasing LLC		Boeing 767		300F			-				2
Cisne Leasing LLC		Boeing 767		300ER			2				2
Codorniz Leasing Limited		Airbus A319		100			-				2
Conure Leasing Limited		Airbus A320		200			2				2
Flamenco Leasing LLC		Boeing 767		300ER			1				1
FLYAFI 1 S.R.L.		Boeing 777		300ER			1				1
FLYAFI 2 S.R.L.		Boeing 777		300ER			1				1
FLYAFI 3 S.R.L.		Boeing 777		300ER			1				1
Garza Leasing LLC		Boeing 767		300ER			1				1
General Electric Capital Corporation		Airbus A330		200			-				3
Intraelo BETA Corpotation (KFW)		Airbus A320		200			-				1
Jilguero Leasing LLC		Boing B767		300ER			3				-
Loica Leasing Limited		Airbus A319		100			2				2
Loica Leasing Limited		Airbus A320		200			2				2
Mirlo Leasing LLC		Boeing 767		300ER			1				1
NBB Rio de Janeiro Lease CO and Brasilia Lease LLC (BBAM)		Airbus A320		200			1				1
NBB São Paulo Lease CO. Limited (BBAM)		Airbus A321		200			1				1
Osprey Leasing Limited		Airbus A319		100			8				8
Patagon Leasing Limited		Airbus A319		100			3				-
Petrel Leasing LLC		Boeing 767		300ER			1				1
Pilpilen Leasing Limited		Airbus A320		200			-				4
Pochard Leasing LLC		Boeing 767		300ER			2				2
Quetro Leasing LLC		Boeing 767		300ER			3				3
SG Infraestructure Italia S.R.L.		Boeing 777		300ER			1				1
SL Alcyone LTD (Showa)		Airbus A320		200			1				1
Torcaza Leasing Limited		Airbus A320		200			8				-
Tricahue Leasing LLC		Boeing 767		300ER			3				3
Wacapou Leasing S.A		Airbus A320		200			1				1
Wells Fargo Bank North National Association		Airbus A319		100			1				-
Total							60				50

Schedule of minimum payments under financial leases

The minimum payments under financial leases are as follows:

		As of December  31, 2017												As of December  31, 2016												As of December  31, 2015
		Gross								Present				Gross								Present				Gross								Present
		Value				Interest				Value				Value				Interest				Value				Value				Interest				Value
		ThUS$				ThUS$				ThUS$				ThUS$				ThUS$				ThUS$				ThUS$				ThUS$				ThUS$
No later than one year			303,863				(32,447	)			271,416				285,168				(32,365	)			252,803				360,862				(47,492	)			313,370
Between one and five years			835,696				(30,050	)			805,646				704,822				(43,146	)			661,676				1,003,237				(75,363	)			927,874
Over five years			36,788				(816	)			35,972				43,713				(120	)			43,593				95,050				(1,406	)			93,644
Total			1,176,347				(63,313	)			1,113,034				1,033,703				(75,631	)			958,072				1,459,149				(124,261	)			1,334,888

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No definition available.

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Period Type:	duration

X

- Definition

Disclosure of detailed information about method used for the depreciation and useful life of property, plant and equipment.

+ References

No definition available.

+ Details

Name:	ltm_DisclosureOfDetailedInformationOfUsefulLifePropertyPlantAndEquipment
Namespace Prefix:	ltm_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The disclosure of minimum lessee explanatory.

+ References

No definition available.

+ Details

Name:	ltm_DisclosureOfMinimumLesseeExplanatory
Namespace Prefix:	ltm_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration