XML 26 R11.htm IDEA: XBRL DOCUMENT

SEGMENTAL INFORMATION

12 Months Ended

Dec. 31, 2020

Disclosure of operating segments [text block] [Abstract]

NOTE 5 - SEGMENTAL INFORMATION

As of December 31, 2020, the Company considers that it has a single operating segment, Air Transport. This segment corresponds to the route network for air transport and is based on the way in which the business is managed, according to the centralized nature of its operations, the ability to open and close routes, as well as reassignment (airplanes, crew, personnel, etc.) within the network, which implies a functional interrelation between all of them, making them inseparable. This segment definition is one of the most common in the worldwide airline industry.

The Company’s revenues by geographic area are as follows:

	For the year ended
	At December 31,
	2020		2019		2018
	ThUS$		ThUS$		ThUS$
Peru		297,549		801,965		705,133
Argentina		172,229		584,959		989,883
U.S.A.		505,145		1,004,238		985,919
Europe		338,565		726,165		782,197
Colombia		177,007		380,449		372,794
Brazil		1,304,006		3,949,797		3,433,877
Ecuador		112,581		203,334		203,842
Chile		638,225		1,546,960		1,591,313
Asia Pacific and rest of Latin America		378,360		872,196		830,498
Income from ordinary activities		3,923,667		10,070,063		9,895,456
Other operating income		411,002		360,864		472,758

The Company allocates revenues by geographic area based on the point of sale of the passenger ticket or cargo. Assets are composed primarily of aircraft and aeronautical equipment, which are used throughout the different countries, so it is not possible to assign a geographic area.

The Company has no customers that individually represent more than 10% of sales.