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STATEMENT OF CASH FLOWS (Tables) | 12 Months Ended
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Dec. 31, 2023
Supplemental Cash Flow Statement Information [Abstract] |
Schedule of proceeds from the issuance of shares | Proceeds from the issuance of shares as of December 31, 2022:
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 | Amount from the issuance of other equity instruments as of December 31, 2022:
Detail |  | Convertible Notes H |  | Convertible Notes I |  | Total
|  | ThUS$ |  | ThUS$ |  | ThUS$
Fair Value (see note 24) |  | 1,372,837 |  |  | 4,097,788 |  |  | 5,470,625 |
Use for settlement 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 | Other inflows (outflows) of cash:
| For the year ended At December 31,
| 2023 |  | 2022 |  | 2021
| ThUS$ |  | ThUS$ |  | ThUS$
Restricted Advances | 20,572 |  |  | (26,918) |  |  | — |
Bank commissions, taxes paid and other | (2,173) |  |  | (5,441) |  |  | (21,287) |
Taxes on financial transactions | (6,803) |  |  | (2,134) |  |  | (2,530) |
Guarantees | 4,406 |  |  | (47,384) |  |  | (39,728) |
Payment for hedging instruments | 30,413 |  |  | 35,857 |  |  | 14,269 |
Court deposits | (16,349) |  |  | (20,661) |  |  | (16,323) |
Derivative margin guarantees | (2,559) |  |  | (40,207) |  |  | (4,900) |
Payment for derivatives premiums | (47,853) |  |  | (23,372) |  |  | (17,077) |
Total Other inflows (outflows) Operation activities | (20,346) |  |  | (130,260) |  |  | (87,576) |
Tax paid on bank transactions | — |  |  | — |  |  | (425) |
Guarantee deposit received from the sale of aircraft | 48,258 |  |  | 6,300 |  |  | 18,900 |
Insurance recovery | 11,000 |  |  | — |  |  | — |
Total Other inflows (outflows) Investment activities | 59,258 |  |  | 6,300 |  |  | 18,475 |
Interest rate derivatives | 15,934 |  |  | — |  |  | — |
Funds delivered as restricted advances | — |  |  | (313,090) |  |  | — |
Payments of claims associated with the debt | — |  |  | (21,924) |  |  | — |
Debt Issuance Cost - Stamp Tax | — |  |  | (33,259) |  |  | — |
Taxes on financial transactions | (4,529) |  |  | — |  |  | — |
Debt-related legal advice | — |  |  | (87,993) |  |  | (11,034) |
RCF guarantee placement | — |  |  | (7,500) |  |  | — |
Total Other inflows (outflows) Financing activities | 11,405 |  |  | (463,766) |  |  | (11,034) |
Schedule of liabilities arising from financing activities | Reconciliation of liabilities arising from financing activities:
|  |  | Cash flows |  |  |  | Non cash-Flow Movements |  |
| As of December 31, 2022 |  | Obtainment |  | Payment |  |  |  | Interest accrued and others |  | Reclassifications (***) |  | As of December 31, 2023
|  | Capital (*) |  | Capital (**) |  | Interests |  |  |  |  |  |
| ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  |  |  |  |  | ThUS$ |  | ThUS$ |  | ThUS$
Obligations with financial institutions |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Bank loans | 1,385,995 |  |  | — |  |  | (81,952) |  |  | (153,791) |  |  |  |  |  |  | 189,272 |  |  | (310,090) |  |  | 1,029,434 |
Guaranteed obligations | 325,061 |  |  | — |  |  | (19,726) |  |  | (20,309) |  |  |  |  |  |  | 20,686 |  |  | (1,790) |  |  | 303,922 |
Other guaranteed obligations | 474,304 |  |  | — |  |  | (56,519) |  |  | (42,283) |  |  |  |  |  |  | 43,037 |  |  | 11,811 |  |  | 430,350 |
Obligation with the public | 1,289,799 |  |  | — |  |  | — |  |  | (155,655) |  |  |  |  |  |  | 168,694 |  |  | — |  |  | 1,302,838 |
Financial leases | 1,088,239 |  |  | — |  |  | (183,374) |  |  | (48,272) |  |  |  |  |  |  | 58,076 |  |  | (13,123) |  |  | 901,546 |
Other loans | 2,028 |  |  | — |  |  | (434) |  |  | — |  |  |  |  |  |  | (70) |  |  | (1,420) |  |  | 104 |
Lease liability | 2,216,454 |  |  | — |  |  | (225,358) |  |  | (173,924) |  |  |  |  |  |  | 1,150,822 |  |  | — |  |  | 2,967,994 |
Total Obligations with financial institutions | 6,781,880 |  |  | — |  |  | (567,363) |  |  | (594,234) |  |  |  |  |  |  | 1,630,517 |  |  | (314,612) |  |  | 6,936,188 |
|  |  | Cash flows |  | Non cash-Flow Movements |  |
| As of December 31, 2021 |  | Obtainment |  | Payment |  | Extinguishment of debt under Chapter 11 |  | Interest accrued and others |  | Reclassifications |  | As of December 31, 2022
|  | Capital (*) |  | Capital (**) |  | Interests |  | Legal advices related to debt |  |  |
| 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) |  |  | (49,076) |  |  | (2) |  |  | (995,888) |  |  | 492,592 |  |  | (59,893) |  |  | 2,216,454 |
Total Obligations with financial institutions | 10,396,482 |  |  | 7,217,900 |  |  | (8,891,330) |  |  | (521,716) |  |  | (87,993) |  |  | (2,673,256) |  |  | 1,203,560 |  |  | 138,233 |  |  | 6,781,880 |
|  |  | Cash flows |  | Non cash-Flow Movements |  |
| As of December 31, 2020 |  | Obtainment |  | Payment |  | Interest accrued and others (****) |  | Reclassifications |  | As of December 31, 2021
|  | Capital |  | Capital (**) |  | Interests |  | Transaction cost |  |  |
| 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 |
(*) During the year 2023, the Company did not obtain financing. During the year 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, 2023, loan repayments ThUS$342,005 and repayments of lease liabilities ThUS$225,358, disclosed in flows from financing activities, as of December 31, 2022, loan repayments ThUS$8,759,413 and liability payments for leases 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 a result of the exit from Chapter 11, Bank Loans decreased mainly by ThUS$297,161, related to the cancellation of the claim of TAM Linhas Aéreas S.A., which was pending resolution upon exit from the Chapter 11 process and which was compensated during 2023 with a fund delivered to an agent as restricted advances made in November 2022. (****) As of December 31, 2021, Accrued interest and others, includes ThUS$458,642, associated with the rejection of fleet contracts.
Schedule of obtained (payments) of flows related to financing | Below are the details obtained (payments) of flows related to financing:
|  | For the years ended December 31
|  | 2023 |  | 2022
|  | Capital raising |  | Payments |  | Capital raising |  | Payments
Flow of |  |  | Capital |  | Interest |  |  | Capital |  | Interest
|  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$
Aircraft financing |  | — |  |  | (251,388) |  |  | (76,497) |  |  | — |  |  | (331,292) |  |  | (52,088) |
Lease liability |  | — |  |  | (225,358) |  |  | (173,924) |  |  | — |  |  | (131,917) |  |  | (49,076) |
Non-aircraft financing |  | — |  |  | (90,617) |  |  | (343,813) |  |  | 7,217,900 |  |  | (8,428,121) |  |  | (420,553) |
Total obligations with Financial institutions |  | — |  |  | (567,363) |  |  | (594,234) |  |  | 7,217,900 |  |  | (8,891,330) |  |  | (521,717) |
Schedule of statement of consolidated cash flow | Corresponds to the cash flows associated with aircraft purchases, which are included in the statement of consolidated cash flows, within Purchases of property, plant and equipment.
| For the year ended At December 31,
| 2023 |  | 2022 |  | 2021
| ThUS$ |  | ThUS$ |  | ThUS$
Increases (payments) | (142,782) |  |  | (23,118) |  |  | (9,858) |
Recoveries | 215,362 |  |  | 3,037 |  |  | — |
Total cash flows | 72,580 |  |  | (20,081) |  |  | (9,858) |
Schedule of property, plant and equipment and intangibles | Additions of property, plant and equipment and Intangibles
| For the year ended At December 31,
| 2023 |  | 2022 |  | 2021
| ThUS$ |  | ThUS$ |  | ThUS$
Net cash flows from |  |  |  |  |
Purchases of property, plant and equipment | 795,787 |  |  | 780,538 |  |  | 597,103 |
Additions associated with maintenance | 337,126 |  |  | 486,231 |  |  | 302,858 |
Other additions | 458,661 |  |  | 294,307 |  |  | 294,245 |
Purchases of intangible assets | 68,052 |  |  | 50,116 |  |  | 88,518 |
Other additions | 68,052 |  |  | 50,116 |  |  | 88,518 |
Schedule of consolidated statement of cash flow | The net effect of the application of hyperinflation in the consolidated cash flow statement corresponds to:
| For the year ended At December 31,
| 2023 |  | 2022
| ThUS$ |  | ThUS$
Net cash flows from (used in) operating activities | (47,569) |  |  | (36,701) |
Net cash flows from (used in) investment activities | 3,661 |  |  | (146) |
Net cash flows from (used in) financing activities | — |  |  | 7,703 |
Effects of variation in the exchange rate on cash and cash equivalents | 43,908 |  |  | 29,144 |
Net increase (decrease) in cash and cash equivalents | — |  |  | — |
Schedule of payments of loans to related entities | Payments of loans to related entities as 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 Investments Ltd | (242,967) |
QA Investments 2 Ltd | (242,967) |
Payments of loans to related entities | (1,008,483) |

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