XML 95 R80.htm IDEA: XBRL DOCUMENT v3.20.4

GENERAL INFORMATION (Details) - Schedule of consolidated financial statements

12 Months Ended

Dec. 31, 2020

Dec. 31, 2019

Dec. 31, 2018

Latam Travel Chile S.A. and Subsidiaries [Member]

GENERAL INFORMATION (Details) - Schedule of consolidated financial statements [Line Items]

Tax No.

96.518.860-6

96.518.860-6

Company

Latam Travel Chile S.A. and Subsidiary

Latam Travel Chile S.A. and Subsidiary

Country of origin

Chile

Functional Currency

US$

Direct

99.99%

Indirect

0.01%

Total

100.00%

Lan Pax Group S.A. and Subsidiaries [Member]

GENERAL INFORMATION (Details) - Schedule of consolidated financial statements [Line Items]

Tax No.

96.969.680-0

Company

Lan Pax Group S.A. and Subsidiaries

Country of origin

Chile

Functional Currency

US$

Direct

99.8361%

99.8361%

99.8361%

Indirect

0.1639%

0.1639%

0.1639%

Total

100.00%

100.00%

100.00%

Latam Airlines Perú S.A.[Member]

GENERAL INFORMATION (Details) - Schedule of consolidated financial statements [Line Items]

Tax No.

Foreign

Foreign

Company

Latam Airlines Per S.A.

Latam Airlines Per S.A.

Country of origin

Peru

Functional Currency

US$

Direct

23.62%

49.00%

49.00%

Indirect

76.19%

21.00%

21.00%

Total

99.81%

70.00%

70.00%

Lan Cargo S.A. [Member]

GENERAL INFORMATION (Details) - Schedule of consolidated financial statements [Line Items]

Tax No.

93.383.000-4

93.383.000-4

Company

Lan Cargo S.A.

Lan Cargo S.A.

Country of origin

Chile

Functional Currency

US$

Direct

99.894%

99.894%

99.894%

Indirect

0.0041%

0.0041%

0.0041%

Total

99.8981%

99.8981%

99.8981%

Connecta Corporation [Member]

GENERAL INFORMATION (Details) - Schedule of consolidated financial statements [Line Items]

Tax No.

Foreign

Foreign

Company

Connecta Corporation

Connecta Corporation

Country of origin

U.S.A.

Functional Currency

US$

Direct

100.00%

100.00%

0.00%

Indirect

0.00%

0.00%

100.00%

Total

100.00%

100.00%

100.00%

Prime Airport Services Inc. and Subsidiary [Member]

GENERAL INFORMATION (Details) - Schedule of consolidated financial statements [Line Items]

Tax No.

Foreign

Foreign

Company

Prime Airport Services Inc. and Subsidiary (*)

^[1]

Prime Airport Services Inc. and Subsidiary

Country of origin

U.S.A.

Functional Currency

US$

Direct

99.9714%

99.9714%

0.00%

Indirect

0.0286%

0.0286%

100.00%

Total

100.00%

100.00%

100.00%

Transporte Aéreo S.A. [Member]

GENERAL INFORMATION (Details) - Schedule of consolidated financial statements [Line Items]

Tax No.

96.951.280-7

96.951.280-7

Company

Transporte Areo S.A.

Transporte Areo S.A.

Country of origin

Chile

Functional Currency

US$

Direct

0.00%

99.9999%

0.00%

Indirect

100.00%

0.0001%

100.00%

Total

100.00%

100.00%

100.00%

Fast Air Almacenes de Carga S.A. [Member]

GENERAL INFORMATION (Details) - Schedule of consolidated financial statements [Line Items]

Tax No.

96.631.520-2

96.631.520-2

Company

Fast Air Almacenes de Carga S.A.

Fast Air Almacenes de Carga S.A.

Country of origin

Chile

Functional Currency

CLP

Direct

99.89%

99.89%

0.00%

Indirect

0.11%

0.11%

100.00%

Total

100.00%

100.00%

100.00%

Laser Cargo S.R.L. [Member]

GENERAL INFORMATION (Details) - Schedule of consolidated financial statements [Line Items]

Tax No.

Foreign

Foreign

Company

Laser Cargo S.R.L.

Laser Cargo S.R.L.

Country of origin

Argentina

Functional Currency

ARS

Direct

96.2208%

96.2208%

0.00%

Indirect

3.2208%

3.7792%

100.00%

Total

99.4416%

100.00%

100.00%

Lan Cargo Overseas Limited and Subsidiaries [Member]

GENERAL INFORMATION (Details) - Schedule of consolidated financial statements [Line Items]

Tax No.

Foreign

Foreign

Company

Lan Cargo Overseas Limited and Subsidiaries (*)

^[1]

Lan Cargo Overseas Limited and Subsidiaries

Country of origin

Bahamas

Functional Currency

US$

Direct

99.98%

99.98%

0.00%

Indirect

0.02%

0.02%

100.00%

Total

100.00%

100.00%

100.00%

Lan Cargo Inversiones S.A. and Subsidiary [Member]

GENERAL INFORMATION (Details) - Schedule of consolidated financial statements [Line Items]

Tax No.

96.969.690-8

96.969.690-8

Company

Lan Cargo Inversiones S.A. and Subsidiary (*)

^[1]

Lan Cargo Inversiones S.A. and Subsidiary

Country of origin

Chile

Functional Currency

US$

Direct

99.00%

99.00%

0.00%

Indirect

1.00%

1.00%

100.00%

Total

100.00%

100.00%

100.00%

Inversiones Lan S.A. and Subsidiaries [Member]

GENERAL INFORMATION (Details) - Schedule of consolidated financial statements [Line Items]

Tax No.

96.575.810-0

96.575.810-0

Company

Inversiones Lan S.A. and Subsidiaries (*)

^[1]

Inversiones Lan S.A. and Subsidiaries

Country of origin

Chile

Functional Currency

US$

Direct

99.71%

99.71%

99.71%

Indirect

0.29%

0.29%

0.29%

Total

100.00%

100.00%

100.00%

Technical Trainning LATAM S.A. [Member]

GENERAL INFORMATION (Details) - Schedule of consolidated financial statements [Line Items]

Tax No.

96.847.880-K

96.847.880-K

Company

Technical Trainning LATAM S.A.

Technical Trainning LATAM S.A.

Country of origin

Chile

Functional Currency

CLP

Direct

99.83%

99.83%

99.83%

Indirect

0.17%

0.17%

0.17%

Total

100.00%

100.00%

100.00%

Latam Finance Limited [Member]

GENERAL INFORMATION (Details) - Schedule of consolidated financial statements [Line Items]

Tax No.

Foreign

Foreign

Company

Latam Finance Limited

Latam Finance Limited

Country of origin

Cayman Island

Functional Currency

US$

Direct

100.00%

100.00%

100.00%

Indirect

0.00%

0.00%

0.00%

Total

100.00%

100.00%

100.00%

Peuco Finance Limited [Member]

GENERAL INFORMATION (Details) - Schedule of consolidated financial statements [Line Items]

Tax No.

Foreign

Foreign

Company

Peuco Finance Limited

Peuco Finance Limited

Country of origin

Cayman Island

Functional Currency

US$

Direct

100.00%

100.00%

100.00%

Indirect

0.00%

0.00%

0.00%

Total

100.00%

100.00%

100.00%

Profesional Airline Services INC. [Member]

GENERAL INFORMATION (Details) - Schedule of consolidated financial statements [Line Items]

Tax No.

Foreign

Foreign

Company

Profesional Airline Services INC.

Profesional Airline Services INC.

Country of origin

U.S.A.

Functional Currency

US$

Direct

100.00%

100.00%

100.00%

Indirect

0.00%

0.00%

0.00%

Total

100.00%

100.00%

100.00%

Jarletul S.A. [Member]

GENERAL INFORMATION (Details) - Schedule of consolidated financial statements [Line Items]

Tax No.

Foreign

Foreign

Company

Jarletul S.A.

Jarletul S.A.

Country of origin

Uruguay

Functional Currency

US$

Direct

99.00%

99.00%

99.00%

Indirect

1.00%

1.00%

1.00%

Total

100.00%

100.00%

100.00%

TAM S.A. and Subsidiaries [Member]

GENERAL INFORMATION (Details) - Schedule of consolidated financial statements [Line Items]

Tax No.

Foreign

Foreign

Company

TAM S.A. and Subsidiaries (*)

^[1]

TAM S.A. and Subsidiaries (*)

^[2]

Country of origin

Brazil

Functional Currency

BRL

Direct

63.0901%

63.0901%

63.0901%

Indirect

36.9099%

36.9099%

36.9099%

Total

100.00%

100.00%

100.00%

[1]

The Equity reported corresponds to Equity attributable to owners of the parent, it does not include Non-controlling interest.

[2]

As of December 31, 2020, the indirect participation percentage on TAM S.A. and Subsidiaries is from Holdco I S.A., a company over which LATAM Airlines Group S.A. it has a 99.9983% share on economic rights and 51.04% of political rights. Its percentage arise as a result of the provisional measure No. 863 of the Brazilian government implemented in December 2018 that allows foreign capital to have up to 100% of the property.

X

- Definition

The description of the currency of the primary economic environment in which the entity operates.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IAS
-Number 21
-IssueDate 2020-01-01
-Paragraph 53
-URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=21&code=ifrs-tx-2020-en-r&anchor=para_53&doctype=Standard
-URIDate 2020-01-01

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Name IAS
-Number 21
-IssueDate 2020-01-01
-Paragraph 57
-Subparagraph c
-URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=21&code=ifrs-tx-2020-en-r&anchor=para_57_c&doctype=Standard
-URIDate 2020-01-01

+ Details

Name:	ifrs-full_DescriptionOfFunctionalCurrency
Namespace Prefix:	ifrs-full_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The country of domicile of the entity. [Refer: Country of domicile [member]]

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IAS
-Number 1
-IssueDate 2020-01-01
-Paragraph 138
-Subparagraph a
-URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2020-en-r&anchor=para_138_a&doctype=Standard
-URIDate 2020-01-01

+ Details

Name:	ifrs-full_DomicileOfEntity
Namespace Prefix:	ifrs-full_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The proportion of ownership interest in a subsidiary attributable to the entity. [Refer: Subsidiaries [member]]

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IAS
-Number 27
-IssueDate 2020-01-01
-Paragraph 17
-Subparagraph b
-Clause iii
-URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=27&code=ifrs-tx-2020-en-r&anchor=para_17_b_iii&doctype=Standard
-URIDate 2020-01-01

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Name IAS
-Number 27
-IssueDate 2020-01-01
-Paragraph 16
-Subparagraph b
-Clause iii
-URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=27&code=ifrs-tx-2020-en-r&anchor=para_16_b_iii&doctype=Standard
-URIDate 2020-01-01

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 12
-IssueDate 2020-01-01
-Paragraph 19B
-Subparagraph c
-URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=12&code=ifrs-tx-2020-en-r&anchor=para_19B_c&doctype=Standard
-URIDate 2020-01-01

+ Details

Name:	ifrs-full_ProportionOfOwnershipInterestInSubsidiary
Namespace Prefix:	ifrs-full_
Data Type:	num:percentItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	ltm_GENERALINFORMATIONDetailsScheduleofconsolidatedfinancialstatementsLineItems
Namespace Prefix:	ltm_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Name of the company.

+ References

No definition available.

+ Details

Name:	ltm_NameOfReportingEntity1
Namespace Prefix:	ltm_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Description of taxation number.

+ References

No definition available.

+ Details

Name:	ltm_NameOfReportingEntityIdentification
Namespace Prefix:	ltm_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The proportion of direct ownership interest in a subsidiary attributable to the entity.

+ References

No definition available.

+ Details

Name:	ltm_ProportionOfDirectOwnershipInterestInSubsidiary
Namespace Prefix:	ltm_
Data Type:	num:percentItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The proportion of indirect ownership interest in a subsidiary attributable to the entity.

+ References

No definition available.

+ Details

Name:	ltm_ProportionOfIndirectOwnershipInterestInSubsidiary
Namespace Prefix:	ltm_
Data Type:	num:percentItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	ltm_SignificantInvestmentInSubsidiariesAxis=ltm_LatamTravelChileSAandSubsidaryMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ltm_SignificantInvestmentInSubsidiariesAxis=ltm_LanPaxGroupSAandSubsidiariesMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ltm_SignificantInvestmentInSubsidiariesAxis=ltm_LatamAirlinesPerSAMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ltm_SignificantInvestmentInSubsidiariesAxis=ltm_LanCargoSAMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ltm_SignificantInvestmentInSubsidiariesAxis=ltm_ConnectaCorporationMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ltm_SignificantInvestmentInSubsidiariesAxis=ltm_PrimeAirportServicesIncAndSubsidiaryMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ltm_SignificantInvestmentInSubsidiariesAxis=ltm_TransporteAreoSAMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ltm_SignificantInvestmentInSubsidiariesAxis=ltm_FastAirAlmacenesdeCargaSAMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ltm_SignificantInvestmentInSubsidiariesAxis=ltm_LaserCargoSRLMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ltm_SignificantInvestmentInSubsidiariesAxis=ltm_LanCargoOverseasLimitedandSubsidiariesMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ltm_SignificantInvestmentInSubsidiariesAxis=ltm_LanCargoInversionesSAAndSubsidiaryMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ltm_SignificantInvestmentInSubsidiariesAxis=ltm_InversionesLanSAandSubsidiariesMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ltm_SignificantInvestmentInSubsidiariesAxis=ltm_TechnicalTrainningLATAMSAMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ltm_SignificantInvestmentInSubsidiariesAxis=ltm_LatamFinanceLimitedMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ltm_SignificantInvestmentInSubsidiariesAxis=ltm_PeucoFinanceLimitedMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ltm_SignificantInvestmentInSubsidiariesAxis=ltm_ProfesionalAirlineServicesINCMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ltm_SignificantInvestmentInSubsidiariesAxis=ltm_JarletulSAMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ltm_SignificantInvestmentInSubsidiariesAxis=ltm_TAMSAAndSubsidiariesMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: