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COSTS AND EXPENSES BY NATURE (Tables) | 12 Months Ended
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Dec. 31, 2022
Disclosure Of Expenses By Nature Text Block Abstract |
Schedule of operating costs and administrative expenses |
|  | For the year. ended |
|  | December 31, |
|  | 2022 |  |  | 2021 |  |  | 2020 |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Aircraft fuel |  |  | (3,882,505 | ) |  |  | (1,487,776 | ) |  |  | (1,045,343 | )
Other rentals and landing fees |  |  | (1,036,158 | ) |  |  | (755,188 | ) |  |  | (720,005 | )
Aircraft maintenance |  |  | (582,848 | ) |  |  | (533,738 | ) |  |  | (472,382 | )
Aircraft rental (*) |  |  | (202,845 | ) |  |  | (120,630 | ) |  |  | - |
Comisions |  |  | (167,035 | ) |  |  | (89,208 | ) |  |  | (91,910 | )
Passenger services |  |  | (184,357 | ) |  |  | (77,363 | ) |  |  | (97,688 | )
Other operating expenses |  |  | (1,136,490 | ) |  |  | (959,427 | ) |  |  | (1,221,183 | )
Total |  |  | (7,192,238 | ) |  |  | (4,023,330 | ) |  |  | (3,648,511 | )
(*) | During 2021, the Company amended its Aircraft Lease Contracts to include lease payments based on Power by the Hour (PBH) at the beginning of the contract and fixed-rent payments later on. For these contracts that contain an initial period based on PBH and then a fixed amount, a right of use asset and a lease liability was recognized at the date of modification of the contract. These amounts continue to be amortized over the contract term on a straight-line basis starting from the modification date of the contract. Therefore, as a result of the application of the lease accounting policy, the expenses for the year include both the lease expense for variable payments (Aircraft Rentals) as well as the expenses resulting from the amortization of the right of use assets (included in the Depreciation line included in b) below) and interest from the lease liability (included in Lease Liabilities letter c) below)
Schedule of payments for leases of low-value assets |
|  | For the year ended |
|  | December 31, |
|  | 2022 |  |  | 2021 |  |  | 2020 |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Payments for leases of low-value assets |  |  | (17,959 | ) |  |  | (19,793 | ) |  |  | (21,178 | )
Rent concessions recognized directly in profit or loss |  |  | - |  |  |  | - |  |  |  | 110 |
Total |  |  | (17,959 | ) |  |  | (19,793 | ) |  |  | (21,068 | )
Schedule of depreciation and amortization |
|  | For the year ended |
|  | December 31, |
|  | 2022 |  |  | 2021 |  |  | 2020 |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Depreciation (*) |  |  | (1,125,154 | ) |  |  | (1,114,232 | ) |  |  | (1,219,586 | )
Amortization |  |  | (54,358 | ) |  |  | (51,162 | ) |  |  | (169,800 | )
Total |  |  | (1,179,512 | ) |  |  | (1,165,394 | ) |  |  | (1,389,386 | )
(*) | Included within this amount is the depreciation of the Property, plant and equipment (See Note 16 (a)) and the maintenance of the aircraft recognized as right of use assets. The maintenance cost amount included in the depreciation line for the period ended December 31, 2022 is ThUS$ 463,306 (ThUS $ 351,701 for the same period in 2021).
Schedule of finance costs |
|  | For the year ended |
|  | December 31, |
|  | 2022 |  |  | 2021 |  |  | 2020 |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Bank loan interests |  |  | (714,310 | ) |  |  | (580,193 | ) |  |  | (314,468 | )
Financial leases |  |  | (45,384 | ) |  |  | (46,679 | ) |  |  | (45,245 | )
Lease liabilities |  |  | (152,132 | ) |  |  | (121,147 | ) |  |  | (170,918 | )
Other financial instruments |  |  | (30,577 | ) |  |  | (57,525 | ) |  |  | (56,348 | )
Total |  |  | (942,403 | ) |  |  | (805,544 | ) |  |  | (586,979 | )
Schedule of gain (losses) from restructuring activities |
|  | For the year ended |
|  | December 31, |
|  | 2022 |  |  | 2021 |  |  | 2020 |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Renegotiation of fleet contracts |  |  | (483,068 | ) |  |  | (516,559 | ) |  |  | - |
Legal advice |  |  | (323,204 | ) |  |  | (91,870 | ) |  |  | (76,541 | )
Employee reestructuring plan (*) |  |  | (80,407 | ) |  |  | (46,938 | ) |  |  | (290,831 | )
Rejection of fleet contracts |  |  | - |  |  |  | (1,564,973 | ) |  |  | (269,467 | )
Rejection of IT contracts |  |  | (2,586 | ) |  |  | (26,368 | ) |  |  | - |
Adjustment net realizable value fleet available for sale |  |  | - |  |  |  | (73,595 | ) |  |  | (331,522 | )
Gains resulting from the settlement of Chapter 11 claims (**) |  |  | 2,550,306 |  |  |  | - |  |  |  | - |
Others |  |  | 18,893 |  |  |  | (16,879 | ) |  |  | (21,648 | )
Total |  |  | 1,679,934 |  |  |  | (2,337,182 | ) |  |  | (990,009 | )
(*) | See note 2.1, c.
(**) | See Note 24 (g)
Schedule of financial income |
|  | For the year ended |
|  | December 31, |
|  | 2022 |  |  | 2021 |  |  | 2020 |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Financial claims (*) |  |  | 491,326 |  |  |  | - |  |  |  | - |
Gains resulting from the settlement of Chapter 11 claims (**) |  |  | 420,436 |  |  |  | - |  |  |  | - |
Finance lease rate change effect |  |  | 49,824 |  |  |  | - |  |  |  | - |
Other miscellaneous income |  |  | 90,709 |  |  |  | 21,107 |  |  |  | 50,397 |
Total |  |  | 1,052,295 |  |  |  | 21,107 |  |  |  | 50,397 |
(*) | See Note 34 (a.4.)
(**) | See Note 24 (g)
Schedule of other (gains) losses |
|  | For the year ended |
|  | December 31, |
|  | 2022 |  |  | 2021 |  |  | 2020 |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Fuel hedging |  |  | - |  |  |  | - |  |  |  | (82,487 | )
Slot Write Off |  |  | - |  |  |  | - |  |  |  | (36,896 | )
Provision for onerous contract related to purchase commitment |  |  | - |  |  |  | 44,000 |  |  |  | (44,000 | )
Goodwill Impairment |  |  | - |  |  |  | - |  |  |  | (1,728,975 | )
Adjustment net realizable value fleet available for sale |  |  | (345,410 | ) |  |  | - |  |  |  | - |
Other |  |  | (1,667 | ) |  |  | (13,326 | ) |  |  | 17,569 |
Total |  |  | (347,077 | ) |  |  | 30,674 |  |  |  | (1,874,789 | )

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