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INVESTMENTS IN SUBSIDIARIES | 12 Months Ended
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Dec. 31, 2023
Disclosure Of Subsidiaries [Abstract] |
INVESTMENTS IN SUBSIDIARIES | INVESTMENTS IN SUBSIDIARIES (a) Investments in subsidiaries The Company has investments in companies recognized as investments in subsidiaries. All the companies defined as subsidiaries have been consolidated within the financial statements of LATAM Airlines Group S.A. and Subsidiaries. The consolidation also includes special-purpose entities. Detail of significant subsidiaries:
|  |  |  |  |  | Ownership
Name of significant subsidiary |  | Country of incorporation |  | Functional currency |  | As of December 31, 2023 |  | As of December 31, 2022
|  |  |  |  |  | % |  | %
Latam Airlines Perú S.A. |  | Peru |  | US$ |  | 99.81000 |  |  | 99.81000 |
Lan Cargo S.A. |  | Chile |  | US$ |  | 99.89810 |  |  | 99.89810 |
Línea Aérea Carguera de Colombia S.A. |  | Colombia |  | US$ |  | 90.46000 |  |  | 90.46000 |
Transporte Aéreo S.A. |  | Chile |  | US$ |  | 100.00000 |  |  | 100.00000 |
Latam Airlines Ecuador S.A. |  | Ecuador |  | US$ |  | 100.00000 |  |  | 100.00000 |
Aerovías de Integración Regional S.A. Aires S.A. |  | Colombia |  | COP |  | 99.23168 |  |  | 99.21764 |
TAM Linhas aéreas S.A. |  | Brazil |  | BRL |  | 100.00000 |  |  | 99.99935 |
ABSA Aerolimhas Brasileiras S.A. |  | Brazil |  | US$ |  | 100.00000 |  |  | 100.00000 |
Transportes Aéreos del Mercosur S.A. |  | Paraguay |  | PYG |  | 94.98000 |  |  | 94.98000 |
The consolidated subsidiaries do not have significant restrictions for transferring funds to the parent company. Summary financial information of significant subsidiaries
|  | Statement of financial position as of December 31, 2023 |  | Income for the year ended December 31, 2023
Name of significant subsidiary |  | Total Assets |  | Current Assets |  | Non-current Assets |  | Total Liabilities |  | Current Liabilities |  | Non-current Liabilities |  | Revenue |  | Net Income/(loss)
|  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$
Latam Airlines Perú S.A. |  | 334,481 |  |  | 312,628 |  |  | 21,853 |  |  | 285,645 |  |  | 281,208 |  |  | 4,437 |  |  | 1,404,061 |  |  | (4,666) |
Lan Cargo S.A. |  | 391,430 |  |  | 122,877 |  |  | 268,553 |  |  | 189,019 |  |  | 157,003 |  |  | 32,016 |  |  | 403,051 |  |  | 22,677 |
Línea Aérea Carguera de Colombia S.A. |  | 166,520 |  |  | 57,240 |  |  | 109,280 |  |  | 59,640 |  |  | 59,344 |  |  | 296 |  |  | 222,397 |  |  | (5,331) |
Transporte Aéreo S.A. |  | 280,117 |  |  | 37,436 |  |  | 242,681 |  |  | 151,066 |  |  | 117,121 |  |  | 33,945 |  |  | 387,515 |  |  | 24,871 |
Latam Airlines Ecuador S.A. |  | 152,676 |  |  | 149,155 |  |  | 3,521 |  |  | 131,488 |  |  | 120,917 |  |  | 10,571 |  |  | 260,426 |  |  | 1,242 |
Aerovías de Integración Regional S.A. Aires S.A. |  | 191,878 |  |  | 186,612 |  |  | 5,266 |  |  | 185,799 |  |  | 182,923 |  |  | 2,876 |  |  | 516,410 |  |  | (12,724) |
TAM Linhas Aéreas S.A. |  | 4,119,149 |  |  | 2,417,115 |  |  | 1,702,034 |  |  | 3,024,805 |  |  | 2,061,406 |  |  | 963,399 |  |  | 5,587,692 |  |  | 736,209 |
ABSA Aerolinhas Brasileiras S.A. |  | 500,177 |  |  | 490,548 |  |  | 9,629 |  |  | 538,982 |  |  | 510,978 |  |  | 28,004 |  |  | 162,580 |  |  | 28 |
Transportes Aéreos del Mercosur S.A. |  | 49,713 |  |  | 46,976 |  |  | 2,737 |  |  | 26,772 |  |  | 24,833 |  |  | 1,939 |  |  | 50,990 |  |  | 6,060 |
|  | Statement of financial position as of December 31, 2022 |  | Income for the year ended December 31, 2022
Name of significant subsidiary |  | Total Assets |  | Current Assets |  | Non-current Assets |  | Total Liabilities |  | Current Liabilities |  | Non-current Liabilities |  | Revenue |  | Net Income/(loss)
|  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$
Latam Airlines Perú S.A. |  | 335,773 |  |  | 305,288 |  |  | 30,485 |  |  | 281,178 |  |  | 276,875 |  |  | 4,303 |  |  | 1,257,865 |  |  | (12,726) |
Lan Cargo S.A. |  | 394,378 |  |  | 144,854 |  |  | 249,524 |  |  | 212,094 |  |  | 165,297 |  |  | 46,797 |  |  | 333,054 |  |  | (1,230) |
Línea Aérea Carguera de Colombia S.A. |  | 307,161 |  |  | 126,648 |  |  | 180,513 |  |  | 127,629 |  |  | 127,380 |  |  | 249 |  |  | 226,587 |  |  | (5,727) |
Transporte Aéreo S.A. |  | 283,166 |  |  | 47,238 |  |  | 235,928 |  |  | 177,109 |  |  | 145,446 |  |  | 31,663 |  |  | 320,187 |  |  | (36,190) |
Latam Airlines Ecuador S.A. |  | 110,821 |  |  | 107,313 |  |  | 3,508 |  |  | 93,975 |  |  | 82,687 |  |  | 11,288 |  |  | 134,622 |  |  | 1,519 |
Aerovías de Integración Regional S.A. Aires S.A. |  | 112,501 |  |  | 109,076 |  |  | 3,425 |  |  | 213,941 |  |  | 211,679 |  |  | 2,262 |  |  | 394,430 |  |  | (122,199) |
TAM Linhas Aéreas S.A. |  | 3,329,695 |  |  | 1,925,948 |  |  | 1,403,747 |  |  | 4,166,754 |  |  | 3,264,814 |  |  | 901,940 |  |  | 3,966,615 |  |  | (65,190) |
ABSA Aerolinhas Brasileiras S.A. |  | 223,701 |  |  | 215,700 |  |  | 8,001 |  |  | 262,534 |  |  | 233,739 |  |  | 28,795 |  |  | 244,028 |  |  | (7,853) |
Transportes Aéreos del Mercosur S.A. |  | 70,883 |  |  | 65,395 |  |  | 5,488 |  |  | 54,340 |  |  | 52,332 |  |  | 2,008 |  |  | 44,449 |  |  | 2,306 |
(a)Non-controlling interests
Equity |  | Tax No. |  | Country of origin |  | As of December 31, 2023 |  | As of December 31, 2022 |  | As of December 31, 2023 |  | As of December 31, 2022
|  |  |  |  |  | % |  | % |  | ThUS$ |  | ThUS$
Latam Airlines Perú S.A. |  | Foreign |  | Peru |  | 0.19000 |  |  | 0.19000 |  |  | 93 |  |  | (13,678) |
Aerovías de Integración Regional S.A. Aires S.A. |  | Foreign |  | Colombia |  | 0.77400 |  |  | 0.78236 |  |  | (5,049) |  |  | (264) |
Linea Aérea Carguera de Colombia S.A. |  | Foreign |  | Colombia |  | 9.54000 |  |  | 9.54000 |  |  | (8,421) |  |  | (973) |
Transportes Aéreos del Mercosur S.A. |  | Foreign |  | Paraguay |  | 5.02000 |  |  | 5.02000 |  |  | 1,152 |  |  | 885 |
Lan Cargo S.A. and Subsidiaries |  | 93.383.000-4 |  | Chile |  | 0.10196 |  |  | 0.10196 |  |  | 198 |  |  | 2,475 |
Other companies |  |  |  |  |  |  |  |  |  | — |  |  | (2) |
Total |  |  |  |  |  |  |  |  |  | (12,027) |  |  | (11,557) |
|  |  |  |  |  | For the year ended At December 31, |  | For the year ended At December 31,
Incomes |  | Tax No. |  | Country of origin |  | 2023 |  | 2022 |  | 2021 |  | 2023 |  | 2022 |  | 2021
|  |  |  |  |  | % |  | % |  | % |  | ThUS$ |  | ThUS$ |  | ThUS$
Latam Airlines Perú S.A |  | Foreign |  | Peru |  | 0.19000 |  |  | 0.19000 |  |  | 0.19000 |  |  | (9) |  |  | (643) |  |  | (5,531) |
Aerovías de Integración Regional S.A. Aires S.A. |  | Foreign |  | Colombia |  | 0.77400 |  |  | 0.78236 |  |  | 0.79880 |  |  | (101) |  |  | (956) |  |  | (158) |
Linea Aérea Carguera de Colombia S.A. |  | Foreign |  | Colombia |  | 9.54000 |  |  | 9.54000 |  |  | 9.54000 |  |  | (500) |  |  | (551) |  |  | 101 |
Transportes Aéreos del Mercosur S.A. |  | Foreign |  | Paraguay |  | 5.02000 |  |  | 5.02000 |  |  | 5.02000 |  |  | 304 |  |  | 116 |  |  | 66 |
Lan Cargo S.A. and Subsidiaries |  | 93.383.000-4 |  | Chile |  | 0.10196 |  |  | 0.10196 |  |  | 0.10196 |  |  | 25 |  |  | (26) |  |  | (55) |
Other companies |  |  |  |  |  |  |  |  |  |  |  | — |  |  | (13) |  |  | (74) |
Total |  |  |  |  |  |  |  |  |  |  |  | (281) |  |  | (2,073) |  |  | (5,651) |

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- Definition The disclosure of subsidiaries. [Refer: Subsidiaries [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 27 -IssueDate 2023-01-01 -Paragraph 17 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=27&code=ifrs-tx-2023-en-r&anchor=para_17_b&doctype=Standard -URIDate 2023-03-23 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 27 -IssueDate 2023-01-01 -Paragraph 16 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=27&code=ifrs-tx-2023-en-r&anchor=para_16_b&doctype=Standard -URIDate 2023-03-23 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 12 -IssueDate 2023-01-01 -Paragraph B4 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=12&code=ifrs-tx-2023-en-r&anchor=para_B4_a&doctype=Appendix&subtype=B -URIDate 2023-03-23 + Details
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