XML 34 R95.htm IDEA: XBRL DOCUMENT
v3.20.1

FINANCIAL RISK MANAGEMENT (Details) - Schedule of classification of financial instruments at fair value - USD ($) $ in Thousands | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017
--- | --- | --- | ---
Assets |  |  |
Other financial assets, current | $ 4,018,228 | $ 3,275,861 | $ 3,757,984
Other financial assets, not current | 17,069,578 | 16,802,861 | 17,915,729
Liabilities |  |  |
Other financial liabilities , current | 10,997,687 | 10,705,872 | 11,504,626
Other financial liabilities, non current | 6,960,942 | 5,932,249 | $ 6,212,794
Level 1 of fair value hierarchy [member] | Other financial liabilities, current [Member] |  |  |
Liabilities |  |  |
Other financial liabilities , current |  | 7,712 |
Level 1 of fair value hierarchy [member] | Other financial liabilities, non current [Member] |  |  |
Liabilities |  |  |
Other financial liabilities, non current |  | 7,712 |
Level 1 of fair value hierarchy [member] | Cash And Cash Equivalents [Member] |  |  |
Assets |  |  |
Other financial assets, current | 222,094 | 43,653 |
Level 1 of fair value hierarchy [member] | Short-Term Mutual Funds [Member] |  |  |
Assets |  |  |
Other financial assets, current | 222,094 | 43,653 |
Level 1 of fair value hierarchy [member] | Other financial assets, current |  |  |
Assets |  |  |
Other financial assets, not current | 386,688 | 343,218 |
Level 2 of fair value hierarchy [member] | Other financial liabilities, current [Member] |  |  |
Liabilities |  |  |
Other financial liabilities , current | 50,372 | 25,921 |
Level 2 of fair value hierarchy [member] | Other financial assets, current |  |  |
Assets |  |  |
Other financial assets, not current | 85,109 | 23,355 |
Fair Value Of Interest Rate Derivatives [Member] | Level 2 of fair value hierarchy [member] | Other financial assets, current |  |  |
Assets |  |  |
Other financial assets, not current | 27,044 | 19,460 |
Fair Value Of Fuel Price Derivatives [Member] | Level 2 of fair value hierarchy [member] | Other financial assets, current |  |  |
Assets |  |  |
Other financial assets, not current | 48,542 |  |
Fair Value Of Foreign Currency Derivatives [Member] | Level 2 of fair value hierarchy [member] | Other financial assets, current |  |  |
Assets |  |  |
Other financial assets, not current | 586 | 3,895 |
Accrued interest since the last payment date Swap of currencies | Level 2 of fair value hierarchy [member] | Other financial assets, current |  |  |
Assets |  |  |
Other financial assets, not current | 3 |  |
Derivative Not Recognized As A Hedge [Member] | Level 1 of fair value hierarchy [member] | Other financial assets, current |  |  |
Assets |  |  |
Other financial assets, not current |  | 19,396 |
Private investment funds [Member] | Level 1 of fair value hierarchy [member] | Other financial assets, current |  |  |
Assets |  |  |
Other financial assets, not current | 386,669 | 322,428 |
Certificates of Deposit [Member] | Level 2 of fair value hierarchy [member] | Other financial assets, current |  |  |
Assets |  |  |
Other financial assets, not current | 8,934 |  |
Domestic And Foreign Bonds [Member] | Level 1 of fair value hierarchy [member] | Other financial assets, current |  |  |
Assets |  |  |
Other financial assets, not current | 19 | 1,394 |
Fair value of interest rate derivatives [Member] | Level 2 of fair value hierarchy [member] | Other financial liabilities, current [Member] |  |  |
Liabilities |  |  |
Other financial liabilities , current | 302 | 335 |
Fair value of fuel derivatives [Member] | Level 2 of fair value hierarchy [member] | Other financial liabilities, current [Member] |  |  |
Liabilities |  |  |
Other financial liabilities , current |  | 15,678 |
Fair value of foreign currency derivatives [Member] | Level 2 of fair value hierarchy [member] | Other financial liabilities, current [Member] |  |  |
Liabilities |  |  |
Other financial liabilities , current | 48,347 | 7,587 |
Interest accrued since the last payment date of Currency Swap [Member] | Level 2 of fair value hierarchy [member] | Other financial liabilities, current [Member] |  |  |
Liabilities |  |  |
Other financial liabilities , current | 1,723 | 2,321 |
Fair value of interest rate derivatives [Member] | Level 2 of fair value hierarchy [member] | Other financial liabilities, non current [Member] |  |  |
Liabilities |  |  |
Other financial liabilities, non current |  | 340 |
Interest accrued since the last date of Swap interest rates [Member] | Level 2 of fair value hierarchy [member] | Other financial liabilities, non current [Member] |  |  |
Liabilities |  |  |
Other financial liabilities, non current |  | 340 |
At fair value [member] | Other financial liabilities, current [Member] |  |  |
Liabilities |  |  |
Other financial liabilities , current | 50,372 | 33,633 |
At fair value [member] | Other financial liabilities, non current [Member] |  |  |
Liabilities |  |  |
Other financial liabilities, non current |  | 7,712 |
At fair value [member] | Cash And Cash Equivalents [Member] |  |  |
Assets |  |  |
Other financial assets, current | 222,094 | 43,653 |
At fair value [member] | Short-Term Mutual Funds [Member] |  |  |
Assets |  |  |
Other financial assets, current | 222,094 | 43,653 |
At fair value [member] | Other financial assets, current |  |  |
Assets |  |  |
Other financial assets, not current | 471,797 | 366,573 |
At fair value [member] | Fair Value Of Interest Rate Derivatives [Member] | Other financial assets, current |  |  |
Assets |  |  |
Other financial assets, not current | 27,044 | 19,460 |
At fair value [member] | Fair Value Of Fuel Price Derivatives [Member] | Other financial assets, current |  |  |
Assets |  |  |
Other financial assets, not current | 48,542 |  |
At fair value [member] | Fair Value Of Foreign Currency Derivatives [Member] | Other financial assets, current |  |  |
Assets |  |  |
Other financial assets, not current | 586 | 3,895 |
At fair value [member] | Accrued interest since the last payment date Swap of currencies | Other financial assets, current |  |  |
Assets |  |  |
Other financial assets, not current | 3 |  |
At fair value [member] | Derivative Not Recognized As A Hedge [Member] | Other financial assets, current |  |  |
Assets |  |  |
Other financial assets, not current |  | 19,396 |
At fair value [member] | Private investment funds [Member] | Other financial assets, current |  |  |
Assets |  |  |
Other financial assets, not current | 386,669 | 322,428 |
At fair value [member] | Certificates of Deposit [Member] | Other financial assets, current |  |  |
Assets |  |  |
Other financial assets, not current | 8,934 |  |
At fair value [member] | Domestic And Foreign Bonds [Member] | Other financial assets, current |  |  |
Assets |  |  |
Other financial assets, not current | 19 | 1,394 |
At fair value [member] | Fair value of interest rate derivatives [Member] | Other financial liabilities, current [Member] |  |  |
Liabilities |  |  |
Other financial liabilities , current | 302 | 335 |
At fair value [member] | Fair value of fuel derivatives [Member] | Other financial liabilities, current [Member] |  |  |
Liabilities |  |  |
Other financial liabilities , current |  | 15,678 |
At fair value [member] | Fair value of foreign currency derivatives [Member] | Other financial liabilities, current [Member] |  |  |
Liabilities |  |  |
Other financial liabilities , current | 48,347 | 7,587 |
At fair value [member] | Interest accrued since the last payment date of Currency Swap [Member] | Other financial liabilities, current [Member] |  |  |
Liabilities |  |  |
Other financial liabilities , current | $ 1,723 | 2,321 |
At fair value [member] | Fair value of interest rate derivatives [Member] | Other financial liabilities, non current [Member] |  |  |
Liabilities |  |  |
Other financial liabilities, non current |  | 340 |
At fair value [member] | Interest accrued since the last date of Swap interest rates [Member] | Other financial liabilities, non current [Member] |  |  |
Liabilities |  |  |
Other financial liabilities, non current |  | $ 340 |

X
- References No definition available. + Details
Name: | ifrs-full_AssetsAbstract
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The amount of assets that the entity (a) expects to realise or intends to sell or consume in its normal operating cycle; (b) holds primarily for the purpose of trading; (c) expects to realise within twelve months after the reporting period; or (d) classifies as cash or cash equivalents (as defined in IAS 7) unless the asset is restricted from being exchanged or used to settle a liability for at least twelve months after the reporting period. [Refer: Assets] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 12 -IssueDate 2019-01-01 -Paragraph B12 -Subparagraph b -Clause i -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=12&code=ifrs-tx-2019-en-r&anchor=para_B12_b_i&doctype=Appendix&subtype=B -URIDate 2019-03-27 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2019-01-01 -Paragraph 66 -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2019-en-r&anchor=para_66&doctype=Standard -URIDate 2019-03-27 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Name IFRS -Number 12 -IssueDate 2019-01-01 -Paragraph B10 -Subparagraph b -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=12&code=ifrs-tx-2019-en-r&anchor=para_B10_b&doctype=Appendix&subtype=B -URIDate 2019-03-27 + Details
Name: | ifrs-full_CurrentAssets
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition The amount of liabilities that: (a) the entity expects to settle in its normal operating cycle; (b) the entity holds primarily for the purpose of trading; (c) are due to be settled within twelve months after the reporting period; or (d) the entity does not have an unconditional right to defer settlement for at least twelve months after the reporting period. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 12 -IssueDate 2019-01-01 -Paragraph B12 -Subparagraph b -Clause iii -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=12&code=ifrs-tx-2019-en-r&anchor=para_B12_b_iii&doctype=Appendix&subtype=B -URIDate 2019-03-27 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2019-01-01 -Paragraph 69 -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2019-en-r&anchor=para_69&doctype=Standard -URIDate 2019-03-27 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Name IFRS -Number 12 -IssueDate 2019-01-01 -Paragraph B10 -Subparagraph b -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=12&code=ifrs-tx-2019-en-r&anchor=para_B10_b&doctype=Appendix&subtype=B -URIDate 2019-03-27 + Details
Name: | ifrs-full_CurrentLiabilities
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- References No definition available. + Details
Name: | ifrs-full_LiabilitiesAbstract
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The amount of assets that do not meet the definition of current assets. [Refer: Current assets] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2019-01-01 -Paragraph 66 -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2019-en-r&anchor=para_66&doctype=Standard -URIDate 2019-03-27 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 12 -IssueDate 2019-01-01 -Paragraph B12 -Subparagraph b -Clause ii -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=12&code=ifrs-tx-2019-en-r&anchor=para_B12_b_ii&doctype=Appendix&subtype=B -URIDate 2019-03-27 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Name IFRS -Number 12 -IssueDate 2019-01-01 -Paragraph B10 -Subparagraph b -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=12&code=ifrs-tx-2019-en-r&anchor=para_B10_b&doctype=Appendix&subtype=B -URIDate 2019-03-27 + Details
Name: | ifrs-full_NoncurrentAssets
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition The amount of liabilities that do not meet the definition of current liabilities. [Refer: Current liabilities] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 12 -IssueDate 2019-01-01 -Paragraph B12 -Subparagraph b -Clause iv -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=12&code=ifrs-tx-2019-en-r&anchor=para_B12_b_iv&doctype=Appendix&subtype=B -URIDate 2019-03-27 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2019-01-01 -Paragraph 69 -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2019-en-r&anchor=para_69&doctype=Standard -URIDate 2019-03-27 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Name IFRS -Number 12 -IssueDate 2019-01-01 -Paragraph B10 -Subparagraph b -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=12&code=ifrs-tx-2019-en-r&anchor=para_B10_b&doctype=Appendix&subtype=B -URIDate 2019-03-27 + Details
Name: | ifrs-full_NoncurrentLiabilities
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Details
Name: | ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level1OfFairValueHierarchyMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_ClassesOfLiabilitiesAxis=ltm_OtherFinancialLiabilitiesCurrentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_ClassesOfLiabilitiesAxis=ltm_OtherFinancialLiabilitiesNonCurrentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_ClassesOfAssetsAxis=ltm_CashAndCashEquivalents1Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_ClassesOfAssetsAxis=ltm_ShortTermMutualFundsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_ClassesOfAssetsAxis=ltm_OtherFinancialAssetsCurrentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level2OfFairValueHierarchyMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_HedgingInstrumentsAxis=ltm_FairValueOfInterestRateDerivativesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_HedgingInstrumentsAxis=ltm_FairValueOfFuelPriceDerivativesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_HedgingInstrumentsAxis=ltm_FairValueOfForeignCurrencyDerivativesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_HedgingInstrumentsAxis=ltm_AccruedInterestSinceTheLastPaymentDateSwapOfCurrenciesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_HedgingInstrumentsAxis=ltm_DerivativeNotRecognizedAsHedgeMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_HedgingInstrumentsAxis=ltm_PrivateInvestmentFundMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_HedgingInstrumentsAxis=us-gaap_CertificatesOfDepositMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_HedgingInstrumentsAxis=ltm_DomesticAndForeignBondsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_HedgingInstrumentsAxis=ltm_FairValueOfInterestRateOnDerivativesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_HedgingInstrumentsAxis=ltm_FairValueOfFuelDerivativesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_HedgingInstrumentsAxis=ltm_FairValueOfForeignCurrencyDerivativeMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_HedgingInstrumentsAxis=ltm_InterestAccruedSinceTheLastPaymentDateOfCurrencySwapMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_HedgingInstrumentsAxis=ltm_FairValueOfInterestRateDerivativesNonCurrentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_HedgingInstrumentsAxis=ltm_InterestAccruedSinceTheLastDateOfSwapInterestRatesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_MeasurementAxis=ifrs-full_AtFairValueMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |