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COMMITMENTS
 12 Months Ended
Dec. 31, 2023
Disclosure Of Commitments [Abstract]  
COMMITMENTS COMMITMENTS
(a)Commitments arising from loans

In relation to certain contracts committed by the Company for the financing of the Boeing 777 aircraft, which are guaranteed by the Export – Import Bank of the United States of America, limits have been established for some financial indicators of LATAM Airlines Group S.A. on a consolidated basis. Under no circumstance does non-compliance with these limits generate loan acceleration.

The Company and its subsidiaries do not have credit agreements that impose limits on financial indicators of the Company or its subsidiaries, with the exception of those detailed below:

On October 12, 2022, LATAM Airlines Group S.A., acting through its Florida branch, closed a new four years revolving credit facility (“Exit RCF”) of US$500 million with a consortium of five banks led by JP Morgan Chase Bank, N.A. As of December 31, 2023, this credit facility is undrawn and fully available. In addition, LATAM Airlines Group S.A., together with Professional Airline Services, Inc., a Florida corporation and a wholly owned subsidiary of LATAM Airlines Group S.A., issued (i) on October 12, 2022, as modified on November 3, 2022, a five years term loan facility (“Term Loan B Facility”) of US$1,100 million (US$1,089 million outstanding as of December 31, 2023), (ii) on October 18, 2022, a 13.375% senior secured notes due 2027 (“2027 Notes”) for an aggregate principal amount of US$450 million and (iii) on October 18, 2022, a 13.375% senior secured notes due 2029 (“2029 Notes”, together with the 2027 Notes, the “Notes”) for and aggregate principal amount of US$700 million. The Exit RCF, the Term Loan B Facility and the Notes (together, the “Exit Financing”) share the same intangible collateral composed mainly of the FFP (LATAM Pass loyalty program) business receivables, Cargo business receivables, certain slots, gates and routes and LATAM’s intellectual property and brands. The Exit Financing contains certain covenants limiting us and our restricted subsidiaries’ ability to, among other things, make certain types of restricted payments, incur debt or liens, merge or consolidate with others, dispose of assets, enter into certain transactions with affiliates, engage in certain business activities or make certain investments. In addition, the agreements include a minimum liquidity restriction, requiring us to maintain a minimum liquidity, measured at the consolidated Company (LATAM Airlines Group S.A.) level, of US$750 million

On November 3, 2022, LATAM Airlines Group S.A., acting through its Florida branch, amended and extended the 2016 revolving credit facility (“RCF”) with a consortium of thirteen financial institutions led by Citibank, N.A., guaranteed by aircraft, engines and spare parts for a total committed amount of US$600 million. The RCF includes restrictions of minimum liquidity measured at the consolidated Company level (with a minimum level of US$750 million and measured individually for LATAM Airlines Group S.A. and TAM Linhas Aéreas S.A. (with a minimum level of US$400 million jointly). Compliance with these restrictions is a prerequisite for drawing under the line; if the line is used, compliance with said restrictions must be reported periodically, and non-compliance with these restrictions may trigger an acceleration of the loan. As of December 31, 2023, this line of credit is undrawn and fully available.

On November 3, 2022, LATAM Airlines Group S.A., acting through its Florida branch, executed a five years credit facility (“Spare Engine Facility”) with, among others, Crédit Agricole Corporate and Investment Bank, acting through its New York branch, as facility agent and arranger and guaranteed by spare engines for a principal amount of US$275 million. As of December 31, 2023, the outstanding amount under the Spare Engine Facility is US$266.8 million. The facility includes restrictions of minimum liquidity measured at the consolidated Company level (with a minimum level of US$750 million) and measured individually for LATAM Airlines Group S.A. and TAM Linhas Aéreas S.A. (with a minimum level of US$400 million jointly).

As of December 31, 2023, the Company complies with the aforementioned minimum liquidity covenants.
b)Other commitments
As of December 31, 2023, the Company maintains valid letters of credit, guarantee notes and guarantee insurance policies, according to the following detail:
Creditor GuaranteeDebtorQuantityTypeValue
ThUS$		Release
Date
SUPERINTENDENCIA NACIONAL DE ADUANAS Y DE ADMINISTRACION TRIBUTARIALATAM Airlines Perú S.A.49Letter of Credit202,583 Jan 11, 2024
SÉTIMA TURMA DO TRIBUNAL REGIONAL FEDERAL DA 1ª REGIÃO - PROCEDIMENTO COMUM CÍVEL - DECEA - 0012177-54.2016.4.01.3400TAM Linhas Aereas S.A.1Guarantee Insurance57,554 Apr 20, 2025
ISOCELESLATAM Airlines Group S.A.1Letter of Credit41,000 Aug 1, 2026
UNIÃO FEDERAL ( FAZENDA NACIONAL)TAM Linhas Aereas S.A.1Guarantee Insurance33,045 Jul 30, 2024
UNIÃO FEDERAL - PGFNABSA Aerolinhas Brasileiras S.A.2Guarantee Insurance21,538 Feb 22, 2025
UNIÃO FEDERAL - PGFNTAM Linhas Aereas S.A.4Guarantee Insurance21,131 Sep 28, 2024
UNIÃO FEDERAL - FAZENDA NACIONALABSA Aerolinhas Brasileiras S.A.2Guarantee Insurance17,838 Apr 14, 2025
UNIÃO FEDERALTAM Linhas Aereas S.A.5Guarantee Insurance11,226 Feb 4, 2025
FUNDACAO DE PROTECAO E DEFESA DO CONSUMIDOR PROCONTAM Linhas Aereas S.A.7Guarantee Insurance10,844 Apr 2, 2024
VARA DAS EXECUÇÕES FISCAIS ESTADUAIS DE SÃO PAULO - FORO DAS EXECUÇÕES FISCAIS DE SÃO PAULOTAM Linhas Aereas S.A.1Guarantee Insurance9,752 Mar 4, 2025
AMERICAN ALTERNATIVE INS. CO. C/O ROANOKE INS. GROUP INCLATAM Airlines Group S.A.19Letter of Credit6,305 Feb 1, 2024
TRIBUNAL DE JUSTIÇA DO ESTADO DE SÃO PAULOABSA Aerolinhas Brasileiras S.A.2Guarantee Insurance6,263 Dec 31, 2099
BBVALATAM Airlines Group S.A.1Letter of Credit3,800 Jan 23, 2025
1° VARA DE EXECUÇÕES FISCAIS E DE CRIMES CONTRA A ORDEM TRIB DA COM DE FORTALEZATAM Linhas Aereas S.A.1Guarantee Insurance2,962 Dec 31, 2099
FUNDAÇÃO DE PROTEÇÃO E DEFESA DO CONSUMIDOR DE SÃO PAULO - PROCONTAM Linhas Aereas S.A.1Guarantee Insurance5,016 Mar 7, 2025
BOND SAFEGUARD INSURANCE COMPANYTAM Linhas Aereas S.A.1Guarantee Insurance2,700 Jul 20, 2024
COMISÓN EUROPEALATAM Airlines Group S.A.1Letter of Credit2,598 Mar 29, 2024
UNIAO FEDERAL (FAZENDA NACIONAL)TAM Linhas Aereas S.A.1Guarantee Insurance2,457 Nov 16, 2025
17ª VARA CÍVEL DA COMARCA DA CAPITAL DE JOÃO PESSOA/PBTAM Linhas Aereas S.A.1Guarantee Insurance2,527 Jun 25, 2028
PROCON - FUNDACAO DE PROTECAO E DEFESA DO CONSUMIDORTAM Linhas Aereas S.A.2Guarantee Insurance4,178 Nov 17, 2025
JFK INTERNATIONAL AIR TERMINAL LLCLATAM Airlines Group S.A.1Letter of Credit2,300 Jan 27, 2024
Creditor GuaranteeDebtorQuantityTypeValue
ThUS$		Release
Date
METROPOLITAN DADE CONTY (MIAMI - DADE AVIATION DEPARTMENT)LATAM Airlines Group S.A.6Letter of Credit2,462 Mar 13, 2024
SÉTIMA TURMA DO TRIBUNAL REGIONAL FEDERAL DA 1ª REGIÃO - PROCEDIMENTO COMUM CÍVEL - DECEA - 0012177-54.2016.4.01.3400ABSA Aerolinhas Brasileiras S.A.1Guarantee Insurance2,245 May 7, 2025
SERVICIO NACIONAL DE ADUANA DEL ECUADORLATAM-Airlines Ecuador S.A.4Letter of Credit2,130 May 8, 2024
VARA DE EXECUÇÕES FISCAIS ESTADUAIS DA COMARCA DE SÃO PAULO/SP - EXECUÇÃO FISCAL N.º 1507367-03.2016.8.26.0014TAM Linhas Aereas S.A.1Guarantee Insurance2,025 Apr 24, 2025
SOCIEDAD CONCESIONARIA NUEVO PUDAHUEL S.A.LATAM Airlines Group S.A.18Letter of Credit1,551 Mar 29, 2024
14ª VARA FEDERAL DA SEÇÃO JUDICIÁRIA DO DISTRITO FEDERAL / TRIBUNAL: 7ª TURMA DO TRIBUNAL REGIONAL FEDERAL DA 1ª REGIÃO - ANULATÓRIA N.º 0007263-25.2008.4.01.3400TAM Linhas Aereas S.A.1Guarantee Insurance1,867 May 29, 2025
UNIÃO FEDERAL, REPRESENTADO PELA PROCURADORIA SECCIONAL DA FAZENDA NACIONAL EM CAMPINASABSA Aerolinhas Brasileiras S.A.1Guarantee Insurance1,931 Nov 30, 2025
FIANÇA TAM LINHAS AÉREAS X JUIZ FEDERAL DE UMA DAS VARAS DA SEÇÃO JUDICIÁRIA DE BRASÍLIA/TAM Linhas Aereas S.A.1Guarantee Insurance1,810 Dec 31, 2099
LIMA AIRPORT PARTNERS S.R.L.LATAM Airlines Group S.A.32Letter of Credit1,628 Dec 31, 2023
TRIBUNAL DE JUSTIÇA DO ESTADO DE SÃO PAULOTAM Linhas Aereas S.A.1Guarantee Insurance964 Dec 31, 2099
UNIDAD ADMINISTRATIVA BOGOTÁLATAM Airlines Group S.A.4Letter of Credit1,432 Apr 17, 2024
JUIZO DE DIREITO DA VARA DA FAZENDA PUBLICA ESTADUAL DA COMARCA DA CAPITAL DO ESTADO DO RIO DE JANEIROTAM Linhas Aereas S.A.1Guarantee Insurance1,435 Dec 31, 2099
JFK INTERNATIONAL AIR TERMINAL LLCTAM Linhas Aereas S.A.1Guarantee Insurance1,300 Jan 25, 2024
MUNICIPIO DO RIO DE JANEIROTAM Linhas Aereas S.A.1Guarantee Insurance1,239 Dec 31, 2099
AENA AEROPUERTOS S.ALATAM Airlines Group S.A.2Letter of Credit2,370 Nov 15, 2024
CITY OF LOS ANGELES, DEPARTMENT OF AIRPORTS LATAM Airlines Group S.A.5Letter of Credit1,074 Jan 2, 2024
FUNDAÇÃO DE PROTEÇÃO E DEFESA DO CONSUMIDOR DO ESTADO DE SÃO PAULOTAM Linhas Aereas S.A.1Guarantee Insurance1,152 Dec 31, 2099
PARQUE DE MAETERIAL AERONAUTICO DO GALEAO - PAMA GLTAM Linhas Aereas S.A.1Guarantee Insurance1,053 Jun 18, 2024
497,285 
Letters of credit related to right-of-use assets are included in Note 16 Property, plant and equipment letter (d) Additional information Property, plant and equipment, in numeral (i) Property, plant and equipment delivered as collateral.