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STATEMENT OF CASH FLOWS (Tables) | 12 Months Ended
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Dec. 31, 2022
STATEMENT OF CASH FLOWS [Abstract] |
Schedule of proceeds from the issuance of shares |
Detail |  | THUS$ |
Issuance of shares |  |  | 800,000 |
Issuance costs |  |  | (80,000 | )
DIP Junior offset |  |  | (170,962 | )
Total cash flow |  |  | 549,038 |
Schedule of issuance of other equity instruments |
|  | Convertible |  |  | Convertible |  |  |  |
Detail |  | Notes H |  |  | Notes I |  |  | Total |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Fair Value (see note 24) |  |  | 1,372,837 |  |  |  | 4,097,788 |  |  |  | 5,470,625 |
Use for settement of claim |  |  | - |  |  |  | (828,581 | ) |  |  | (828,581 | )
Issuance costs |  |  | (24,812 | ) |  |  | (705,467 | ) |  |  | (730,279 | )
DIP Junior offset |  |  | (327,957 | ) |  |  | (381,018 | ) |  |  | (708,975 | )
Cash inflow |  |  | 1,020,068 |  |  |  | 2,182,722 |  |  |  | 3,202,790 |
Schedule of other inflows (outflows) of cash |
|  | For the year ended |
|  | December 31, |
|  | 2022 |  |  | 2021 |  |  | 2020 |
|  |  | ThUS$ |  |  |  | ThUS$ |  |  |  | ThUS$ |
Fuel hedge |  |  | 35,857 |  |  |  | 14,269 |  |  |  | (46,579 | )
Hedging margin guarantees |  |  | (40,207 | ) |  |  | (4,900 | ) |  |  | 14,962 |
Tax paid on bank transactions |  |  | (2,134 | ) |  |  | (2,530 | ) |  |  | (1,261 | )
Fuel derivatives premiums |  |  | (23,372 | ) |  |  | (17,077 | ) |  |  | (3,949 | )
Bank commissions, taxes paid and other |  |  | (5,441 | ) |  |  | (21,287 | ) |  |  | (5,828 | )
Guarantees |  |  | (47,384 | ) |  |  | (39,728 | ) |  |  | (44,280 | )
Court deposits |  |  | (20,661 | ) |  |  | (16,323 | ) |  |  | 38,528 |
Delta Air Lines Inc. Compensation |  |  | - |  |  |  | - |  |  |  | 62,000 |
Funds delivered as restricted advances |  |  | (26,918 | ) |  |  | - |  |  |  | - |
Total Other inflows (outflows) Operation flow |  |  | (130,260 | ) |  |  | (87,576 | ) |  |  | 13,593 |
Tax paid on bank transactions |  |  | - |  |  |  | (425 | ) |  |  | (2,192 | )
Guarantee deposit received from the sale of aircraft |  |  | 6,300 |  |  |  | 18,900 |  |  |  | - |
Total Other inflows (outflows) Investment flow |  |  | 6,300 |  |  |  | 18,475 |  |  |  | (2,192 | )
Settlement of derivative contracts |  |  | - |  |  |  | - |  |  |  | (107,788 | )
Funds delivered as restricted advances |  |  | (313,090 | ) |  |  | - |  |  |  | - |
Payments of claims associated with the debt |  |  | (21,924 | ) |  |  | - |  |  |  | - |
RCF guarantee placement |  |  | (7,500 | ) |  |  | - |  |  |  | - |
Debt-related legal advice |  |  | (87,993 | ) |  |  | (11,034 | ) |  |  | - |
Debt Issuance Cost - Stamp Tax |  |  | (33,259 | ) |  |  | - |  |  |  | - |
Total Other inflows (outflows) Financing flow |  |  | (463,766 | ) |  |  | (11,034 | ) |  |  | (107,788 | )
Schedule of liabilities arising from financing activities |
|  |  |  |  | Cash flows |  |  | Non cash-Flow Movements |  |  |  |
|  | As of |  |  | Obtainment |  |  | Payment |  |  | Extinguishment |  |  | Interest |  |  |  |  |  | As of |
|  | December 31, 2021 |  |  | Capital (*) |  |  | Capital (**) |  |  | Interests |  |  | Transaction cost |  |  | of debt under Chapter 11 |  |  | accrued and others |  |  | Reclassifications |  |  | December 31, 2022 |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Obligations with financial institutions |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans to exporters |  |  | 159,161 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (161,975 | ) |  |  | 2,814 |  |  |  | - |  |  |  | - |
Bank loans |  |  | 521,838 |  |  |  | 982,425 |  |  |  | (36,466 | ) |  |  | (10,420 | ) |  |  | - |  |  |  | (196,619 | ) |  |  | 128,077 |  |  |  | (2,840 | ) |  |  | 1,385,995 |
Guaranteed obligations |  |  | 510,535 |  |  |  | - |  |  |  | (18,136 | ) |  |  | (13,253 | ) |  |  | (25 | ) |  |  | - |  |  |  | 13,882 |  |  |  | (167,942 | ) |  |  | 325,061 |
Other guaranteed obligations |  |  | 2,725,422 |  |  |  | 3,658,690 |  |  |  | (5,408,540 | ) |  |  | (391,639 | ) |  |  | (91,247 | ) |  |  | (381,018 | ) |  |  | 339,475 |  |  |  | 23,161 |  |  |  | 474,304 |
Obligation with the public |  |  | 2,253,198 |  |  |  | 1,109,750 |  |  |  | (1,501,739 | ) |  |  | (17,499 | ) |  |  | - |  |  |  | (843,950 | ) |  |  | 148,703 |  |  |  | 141,336 |  |  |  | 1,289,799 |
Financial leases |  |  | 1,189,182 |  |  |  | - |  |  |  | (270,734 | ) |  |  | (34,201 | ) |  |  | - |  |  |  | (37,630 | ) |  |  | 37,211 |  |  |  | 204,411 |  |  |  | 1,088,239 |
Other loans |  |  | 76,508 |  |  |  | 1,467,035 |  |  |  | (1,523,798 | ) |  |  | (5,628 | ) |  |  | 3,281 |  |  |  | (56,176 | ) |  |  | 40,806 |  |  |  | - |  |  |  | 2,028 |
Lease liability |  |  | 2,960,638 |  |  |  | - |  |  |  | (131,917 | ) |  |  | (49,075 | ) |  |  | (2 | ) |  |  | (995,888 | ) |  |  | 492,592 |  |  |  | (59,893 | ) |  |  | 2,216,454 |
Total Obligations with financial institutions |  |  | 10,396,482 |  |  |  | 7,217,900 |  |  |  | (8,891,330 | ) |  |  | (521,715 | ) |  |  | (87,993 | ) |  |  | (2,673,256 | ) |  |  | 1,203,560 |  |  |  | 138,233 |  |  |  | 6,781,880 |
|  |  |  |  | Cash flows |  |  | Non cash-Flow Movements |  |  |  |
|  | As of |  |  | Obtainment |  |  | Payment |  |  | Interest |  |  |  |  |  | As of |
|  | December 31, 2020 |  |  | Capital (*) |  |  | Capital (**) |  |  | Interests |  |  | Transaction cost |  |  | accrued and others |  |  | Reclassifications |  |  | December 31, 2021 |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Obligations with financial institutions |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
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 |
|  |  |  |  | Cash flows |  |  | Non cash-Flow Movements |  |  |  |
|  | As of |  |  | Obtainment |  |  | Payment |  |  | Interest |  |  |  |  |  |  | As of |
|  | December 31, 2019 |  |  | Capital |  |  | Capital |  |  | Interests |  |  | Transaction cost |  |  | accrued and others |  |  |  | Reclassifications |  |  | December 31, 2020 |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  |  | ThUS$ |  |  | ThUS$ |
Obligations with financial institutions |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
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 |
| (*) | As of December 31, 2022, the Company obtained ThUS$2,361,875 amounts from long-term loans and ThUS$4,856,025 (ThUS$661,609 in 2021) amounts from short-term loans, totaling ThUS$7,217,900.
| (**) | As of December 31, 2022, loan repayments ThUS$8,759,413 and payments of lease liabilities ThUS$131,917 disclosed in flows from financing activities and as of December 31, 2021, loan repayments ThUS$463,048 and liability payments for leases ThUS$103,366 disclosed in flows from financing activities.
| (***) | As of December 31, 2021, Accrued interest and others, includes ThUS$458,642 (ThUS$ 891,407 as of December 31, 2020), associated with the rejection of fleet contracts.
Schedule of obtained (payments) of flows related to financing |
|  | For the exercises of December 31 |
|  | 2022 |  |  | 2021 |
|  | Capital |  |  | Payments |  |  | Capital |  |  | Payments |
Flow of |  | raising |  |  | Capital |  |  | Interest |  |  | raising |  |  | Capital |  |  | Interest |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Aircraft financing |  |  | - |  |  |  | (331,292 | ) |  |  | (52,088 | ) |  |  | - |  |  |  | (463,048 | ) |  |  | (63,763 | )
Lease liability |  |  | - |  |  |  | (131,917 | ) |  |  | (49,075 | ) |  |  | - |  |  |  | (103,366 | ) |  |  | (17,768 | )
Non-aircraft financing |  |  | 7,217,900 |  |  |  | (8,428,121 | ) |  |  | (420,553 | ) |  |  | 661,609 |  |  |  | - |  |  |  | (23,090 | )
Total obligations with Financial institutions |  |  | 7,217,900 |  |  |  | (8,891,330 | ) |  |  | (521,716 | ) |  |  | 661,609 |  |  |  | (566,414 | ) |  |  | (104,621 | )
Schedule of statement of consolidated cash flow |
|  | For the year ended |
|  | December 31, |
|  | 2022 |  |  | 2021 |  |  | 2020 |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Increases (payments) |  |  | (23,118 | ) |  |  | (9,858 | ) |  |  | (31,803 | )
Recoveries |  |  | 43,902 |  |  |  | - |  |  |  | 8,157 |
Total cash flows |  |  | 20,784 |  |  |  | (9,858 | ) |  |  | (23,646 | )
Schedule of property, plant and equipment and intangibles |
|  | For the period ended |
|  | At December 31, |
|  | 2022 |  |  | 2021 |  |  | 2020 |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Net cash flows from |  |  |  |  |  |  |  |  |
Purchases of property, plant and equiment |  |  | 780,538 |  |  |  | 597,103 |  |  |  | 324,264 |
Additions associated with maintenance |  |  | 486,231 |  |  |  | 302,858 |  |  |  | 173,740 |
Other additions |  |  | 294,307 |  |  |  | 294,245 |  |  |  | 150,524 |
Purchases of intangible assets |  |  | 50,116 |  |  |  | 88,518 |  |  |  | 75,433 |
Other additions |  |  | 50,116 |  |  |  | 88,518 |  |  |  | 75,433 |
Schedule of consolidated statement of cash flow |
|  | For the period ended |
|  | December 31, |
|  | 2022 |  |  | 2021 |
|  | ThUS$ |  |  | ThUS$ |
Net cash flows from (used in) operating activities |  |  | (36,701 | ) |  |  | (65,901 | )
Net cash flows from (used in) investment activities |  |  | (146 | ) |  |  | 17,223 |
Net cash flows from (used in) financing activities |  |  | 7,703 |  |  |  | - |
Effects of variation in the exchange rate on cash and cash equivalents |  |  | 29,144 |  |  |  | 48,678 |
Net increase (decrease) in cash and cash equivalents |  |  | - |  |  |  | - |
Schedule of payments of loans to related entities |
|  | For the period ended |
|  | December 31, |
|  | 2022 |
|  | ThUS$ |
Delta Air Lines, Inc. |  |  | (78,947 | )
Qatar Airways |  |  | (78,947 | )
Costa Verde Aeronautica S.A. |  |  | (257,533 | )
Lozuy S.A. |  |  | (107,122 | )
QA Invesments Ltd |  |  | (242,967 | )
QA Invesments 2 Ltd |  |  | (242,967 | )
Payments of loans to related entities |  |  | (1,008,483 | )

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