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STATEMENT OF CASH FLOWS (Tables) | 12 Months Ended
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Dec. 31, 2021
STATEMENT OF CASH FLOWS [Abstract] |
Schedule of other inflows (outflows) of cash |
|  | For the year ended |
|  | December 31, |
|  | 2021 |  |  | 2020 |  |  | 2019 |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Fuel hedge |  |  | 14,269 |  |  |  | (46,579 | ) |  |  | (9,966 | )
Hedging margin guarantees |  |  | (4,900 | ) |  |  | 14,962 |  |  |  | (21,200 | )
Tax paid on bank transaction |  |  | (2,530 | ) |  |  | (1,261 | ) |  |  | (11,369 | )
Fuel derivatives premiums |  |  | (17,077 | ) |  |  | (3,949 | ) |  |  | (17,102 | )
Bank commissions, taxes paid and other |  |  | (21,287 | ) |  |  | (5,828 | ) |  |  | (20,627 | )
Guarantees |  |  | (39,728 | ) |  |  | (44,280 | ) |  |  | (5,474 | )
Court deposits |  |  | (16,323 | ) |  |  | 38,528 |  |  |  | (22,976 | )
Delta Air Lines Inc. Compensation |  |  | - |  |  |  | 62,000 |  |  |  | 350,000 |
Total Other inflows (outflows) Operation flow |  |  | (87,576 | ) |  |  | 13,593 |  |  |  | 241,286 |
Tax paid on bank transaction |  |  | (425 | ) |  |  | (2,192 | ) |  |  | (2,249 | )
Guarantee deposit received from the sale of aircraft |  |  | 18,900 |  |  |  | - |  |  |  | - |
Total Other inflows (outflows) Investment flow |  |  | 18,475 |  |  |  | (2,192 | ) |  |  | (2,249 | )
Settlement of derivative contracts |  |  | - |  |  |  | (107,788 | ) |  |  | (2,976 | )
Aircraft Financing advances |  |  | - |  |  |  | - |  |  |  | (55,728 | )
Fees paid to financial institutions |  |  | (11,034 | ) |  |  | - |  |  |  | - |
Total Other inflows (outflows) Financing flow |  |  | (11,034 | ) |  |  | (107,788 | ) |  |  | (58,704 | )
Schedule of dividends |
|  | For the period ended |
|  | December 31, |
|  | 2021 |  |  | 2020 |  |  | 2019 |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Latam Airlines Group S.A. |  |  | - |  |  |  | - |  |  |  | (54,580 | )
Latam Airlines Perú S.A. (*) |  |  | - |  |  |  | (571 | ) |  |  | (536 | )
Total dividends paid |  |  | - |  |  |  | (571 | ) |  |  | (55,116 | )
Schedule of liabilities arising from financing activities |
|  | As of |  |  | Cash flows |  |  | Non cash-Flow Movements |  |  | As of |
Obligations with |  | December 31, |  |  | Obtainment |  |  | Payment |  |  | Interest accrued |  |  |  |  |  | December 31, |
financial institutions |  | 2020 |  |  | Capital |  |  | Capital |  |  | Interest |  |  | and others (*) |  |  | Reclassifications |  |  | 2021 |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Loans to exporters |  |  | 151,701 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 7,460 |  |  |  | - |  |  |  | 159,161 |
Bank loans |  |  | 525,273 |  |  |  | - |  |  |  | - |  |  |  | (546 | ) |  |  | (2,889 | ) |  |  | - |  |  |  | 521,838 |
Guaranteed obligations |  |  | 1,318,856 |  |  |  | - |  |  |  | (14,605 | ) |  |  | (17,405 | ) |  |  | (513,276 | ) |  |  | (263,035 | ) |  |  | 510,535 |
Other guaranteed obligations |  |  | 1,939,116 |  |  |  | 661,609 |  |  |  | (26,991 | ) |  |  | (28,510 | ) |  |  | 135,405 |  |  |  | 44,793 |  |  |  | 2,725,422 |
Obligation with the public |  |  | 2,183,407 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 69,791 |  |  |  | - |  |  |  | 2,253,198 |
Financial leases |  |  | 1,614,501 |  |  |  | - |  |  |  | (421,452 | ) |  |  | (40,392 | ) |  |  | (181,717 | ) |  |  | 218,242 |  |  |  | 1,189,182 |
Other loans |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 76,508 |  |  |  | - |  |  |  | 76,508 |
Lease liability |  |  | 3,121,006 |  |  |  | - |  |  |  | (103,366 | ) |  |  | (17,768 | ) |  |  | (39,234 | ) |  |  | - |  |  |  | 2,960,638 |
Total Obligations with financial institutions |  |  | 10,853,860 |  |  |  | 661,609 |  |  |  | (566,414 | ) |  |  | (104,621 | ) |  |  | (447,952 | ) |  |  | - |  |  |  | 10,396,482 |
|  | As of |  |  | Cash flows |  |  | Non cash-Flow Movements |  |  | As of |
Obligations with |  | December 31, |  |  | Obtainment |  |  | Payment |  |  | Interest accrued |  |  |  |  |  | December 31, |
financial institutions |  | 2019 |  |  | Capital |  |  | Capital |  |  | Interest |  |  | and others |  |  | Reclassifications |  |  | 2020 |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Loans to exporters |  |  | 341,475 |  |  |  | 165,000 |  |  |  | (359,000 | ) |  |  | (4,140 | ) |  |  | 8,366 |  |  |  | - |  |  |  | 151,701 |
Bank loans |  |  | 217,255 |  |  |  | 265,627 |  |  |  | (4,870 | ) |  |  | (2,397 | ) |  |  | 49,658 |  |  |  | - |  |  |  | 525,273 |
Guaranteed obligations |  |  | 2,157,327 |  |  |  | 192,972 |  |  |  | (48,576 | ) |  |  | (21,163 | ) |  |  | (823,984 | ) |  |  | (137,720 | ) |  |  | 1,318,856 |
Other guaranteed obligations |  |  | 580,432 |  |  |  | 1,361,881 |  |  |  | (42,721 | ) |  |  | (27,744 | ) |  |  | 67,268 |  |  |  | - |  |  |  | 1,939,116 |
Obligation with the public |  |  | 2,064,934 |  |  |  | - |  |  |  | (774 | ) |  |  | (55,613 | ) |  |  | 174,860 |  |  |  | - |  |  |  | 2,183,407 |
Financial leases |  |  | 1,730,843 |  |  |  | - |  |  |  | (236,744 | ) |  |  | (52,155 | ) |  |  | 34,837 |  |  |  | 137,720 |  |  |  | 1,614,501 |
Other loans |  |  | 101,261 |  |  |  | - |  |  |  | (101,026 | ) |  |  | (1,151 | ) |  |  | 916 |  |  |  | - |  |  |  | - |
Lease liability |  |  | 3,172,157 |  |  |  | - |  |  |  | (122,063 | ) |  |  | (46,055 | ) |  |  | 116,967 |  |  |  | - |  |  |  | 3,121,006 |
Total Obligations with financial institutions |  |  | 10,365,684 |  |  |  | 1,985,480 |  |  |  | (915,774 | ) |  |  | (210,418 | ) |  |  | (371,112 | ) |  |  | - |  |  |  | 10,853,860 |
Schedule of statement of consolidated cash flow |
|  | For the year ended |
|  | December 31, |
|  | 2021 |  |  | 2020 |
|  | ThUS$ |  |  | ThUS$ |
Increases (payments) |  |  | - |  |  |  | (31,803 | )
Recoveries |  |  | - |  |  |  | 8,157 |
Total cash flows |  |  | - |  |  |  | (23,646 | )
Schedule of property, plant and equipment and intangibles |
|  | For the year ended |
|  | At December 31, |
|  | 2021 |  |  | 2020 |  |  | 2019 |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Net cash flows from |  |  |  |  |  |  |  |  |
Purchases of property, plant and equipment |  |  | 587,245 |  |  |  | 324,264 |  |  |  | 1,276,621 |
Additions associated with maintenance |  |  | 302,858 |  |  |  | 173,740 |  |  |  | 453,827 |
Other additions |  |  | 284,387 |  |  |  | 150,524 |  |  |  | 822,794 |
Purchases of intangible assets |  |  | 88,518 |  |  |  | 75,433 |  |  |  | 140,173 |
Other additions |  |  | 88,518 |  |  |  | 75,433 |  |  |  | 140,173 |
Schedule of consolidated statement of cash flow |
|  | For the year ended |
|  | December 31, |
|  | 2021 |  |  | 2020 |
|  | ThUS$ |  |  | ThUS$ |
Net cash flows from (used in) operating activities |  |  | (65,901 | ) |  |  | 18,347 |
Net cash flows from (used in) investment activities |  |  | 17,223 |  |  |  | (13,872 | )
Net cash flows from (used in) financing activities |  |  | - |  |  |  | - |
Effects of variation in the exchange rate on cash and cash equivalents |  |  | 48,678 |  |  |  | (4,475 | )
Net increase (decrease) in cash and cash equivalents |  |  | - |  |  |  | - |

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