XML 161 R84.htm IDEA: XBRL DOCUMENT v3.24.0.1
FINANCIAL RISK MANAGEMENT - Schedule of class of liability for the analysis of liquidity risk ordered by date of maturity (Details) - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Liquidity Risk    
Financial Risk Management [Line Items]    
Up to 90 days $ 1,639,929 $ 1,728,818
More than 90 days to one year 972,524 912,456
More than one to three years 2,345,306 2,118,180
More than three to five years 3,494,239 3,613,655
More than five years 3,172,946 2,912,885
Total 11,624,944 11,285,994
Nominal value 8,312,135 8,164,064
Liquidity Risk | TAM SA    
Financial Risk Management [Line Items]    
Up to 90 days 510 305,059
More than 90 days to one year 1,530 1,530
More than one to three years 4,080 4,080
More than three to five years 9,886 4,080
More than five years 0 7,846
Total 16,006 322,595
Nominal value 16,006 322,595
Bank Loans, Obligations With The Public, Guaranteed Obligations, Finance Lease, Other Loans | LATAM Airlines Group S.A.    
Financial Risk Management [Line Items]    
More than five years   1,773,443
Bank Loans, Obligations With The Public, Guaranteed Obligations, Finance Lease, Other Loans | Liquidity Risk | LATAM Airlines Group S.A.    
Financial Risk Management [Line Items]    
Up to 90 days 114,325 135,760
More than 90 days to one year 499,729 575,525
More than one to three years 1,191,058 1,229,770
More than three to five years 2,538,234 2,811,863
More than five years 1,455,439  
Total 5,798,785 6,526,361
Nominal value 4,018,777 4,353,414
Lease Liability, Trade and Other Accounts Payable, Accounts Payable and Related Parties | Liquidity Risk | LATAM Airlines Group S.A.    
Financial Risk Management [Line Items]    
Up to 90 days 1,525,094 1,287,999
More than 90 days to one year 471,265 335,401
More than one to three years 1,150,168 884,330
More than three to five years 946,119 797,712
More than five years 1,717,507 1,131,596
Total 5,810,153 4,437,038
Nominal value 4,277,352 3,488,055
Lease Liability | Liquidity Risk | LATAM Airlines Group S.A.    
Financial Risk Management [Line Items]    
More than three to five years   24
GOLDMAN SACHS | Bank loans | LATAM Airlines Group S.A.    
Financial Risk Management [Line Items]    
Up to 90 days   32,071
More than 90 days to one year   122,278
More than one to three years   323,125
More than three to five years   1,361,595
Total   1,839,069
Nominal value   $ 1,100,000
Annual Effective rate   18.46%
Annual Nominal rate   13.38%
GOLDMAN SACHS | Bank loans | Liquidity Risk | LATAM Airlines Group S.A.    
Financial Risk Management [Line Items]    
Up to 90 days 44,721  
More than 90 days to one year 127,878  
More than one to three years 302,953  
More than three to five years 1,192,355  
Total 1,667,907  
Nominal value $ 1,089,000  
Annual Effective rate 20.31%  
Annual Nominal rate 15.04%  
SANTANDER | Bank loans | LATAM Airlines Group S.A.    
Financial Risk Management [Line Items]    
Up to 90 days   $ 19,164
More than 90 days to one year   55,288
Total   74,452
Nominal value   $ 70,951
Annual Effective rate   7.26%
Annual Nominal rate   7.26%
SANTANDER | Obligations with the public | LATAM Airlines Group S.A.    
Financial Risk Management [Line Items]    
More than 90 days to one year   $ 3,136
More than one to three years   6,271
More than three to five years   6,271
More than five years   178,736
Total   194,414
Nominal value   $ 156,783
Annual Effective rate   2.00%
Annual Nominal rate   2.00%
SANTANDER | Obligations with the public | Liquidity Risk | LATAM Airlines Group S.A.    
Financial Risk Management [Line Items]    
More than 90 days to one year $ 3,230  
More than one to three years 6,409  
More than three to five years 6,409  
More than five years 182,647  
Total 198,695  
Nominal value $ 160,214  
Annual Effective rate 2.00%  
Annual Nominal rate 2.00%  
WILMINGTON TRUST COMPANY | Obligations with the public | LATAM Airlines Group S.A.    
Financial Risk Management [Line Items]    
More than 90 days to one year   $ 152,531
More than one to three years   307,625
More than three to five years   757,625
More than five years   887,250
Total   2,105,031
Nominal value   $ 1,150,000
Annual Effective rate   15.00%
Annual Nominal rate   13.38%
WILMINGTON TRUST COMPANY | Obligations with the public | Liquidity Risk | LATAM Airlines Group S.A.    
Financial Risk Management [Line Items]    
More than 90 days to one year $ 153,813  
More than one to three years 307,625  
More than three to five years 697,438  
More than five years 793,625  
Total 1,952,501  
Nominal value $ 1,150,000  
Annual Effective rate 15.00%  
Annual Nominal rate 13.38%  
WILMINGTON TRUST COMPANY | Guaranteed obligations | LATAM Airlines Group S.A.    
Financial Risk Management [Line Items]    
Up to 90 days   $ 3,839
More than 90 days to one year   13,465
More than one to three years   45,564
More than three to five years   43,444
More than five years   75,505
Total   181,817
Nominal value   $ 141,605
Annual Effective rate   8.20%
Annual Nominal rate   8.20%
WILMINGTON TRUST COMPANY | Guaranteed obligations | Liquidity Risk | LATAM Airlines Group S.A.    
Financial Risk Management [Line Items]    
Up to 90 days $ 5,948  
More than 90 days to one year 16,928  
More than one to three years 42,098  
More than three to five years 40,736  
More than five years 54,056  
Total 159,766  
Nominal value $ 132,585  
Annual Effective rate 8.76%  
Annual Nominal rate 8.76%  
SANTANDER | Obligations with the public | LATAM Airlines Group S.A.    
Financial Risk Management [Line Items]    
More than five years   $ 6
Total   6
Nominal value   $ 3
Annual Effective rate   1.00%
Annual Nominal rate   1.00%
SANTANDER | Obligations with the public | Liquidity Risk | LATAM Airlines Group S.A.    
Financial Risk Management [Line Items]    
More than five years $ 6  
Total 6  
Nominal value $ 3  
Annual Effective rate 1.00%  
Annual Nominal rate 1.00%  
BNP PARIBAS | Guaranteed obligations | LATAM Airlines Group S.A.    
Financial Risk Management [Line Items]    
Up to 90 days   $ 6,692
More than 90 days to one year   14,705
More than one to three years   39,215
More than three to five years   39,215
More than five years   138,345
Total   238,172
Nominal value   $ 184,198
Annual Effective rate   5.76%
Annual Nominal rate   5.76%
BNP PARIBAS | Guaranteed obligations | Liquidity Risk | LATAM Airlines Group S.A.    
Financial Risk Management [Line Items]    
Up to 90 days $ 5,940  
More than 90 days to one year 17,082  
More than one to three years 41,319  
More than three to five years 40,578  
More than five years 120,730  
Total 225,649  
Nominal value $ 171,704  
Annual Effective rate 6.98%  
Annual Nominal rate 6.98%  
BNP PARIBAS | Financial lease | LATAM Airlines Group S.A.    
Financial Risk Management [Line Items]    
Up to 90 days   $ 6,978
More than 90 days to one year   20,662
More than one to three years   1,543
Total   29,183
Nominal value   $ 28,165
Annual Effective rate   5.99%
Annual Nominal rate   5.39%
EXIM BANK | Other guaranteed obligation | LATAM Airlines Group S.A.    
Financial Risk Management [Line Items]    
Up to 90 days   $ 394
More than 90 days to one year   1,171
More than one to three years   12,119
More than three to five years   21,111
More than five years   60,857
Total   95,652
Nominal value   $ 86,612
Annual Effective rate   2.01%
Annual Nominal rate   1.78%
EXIM BANK | Other guaranteed obligation | Liquidity Risk | LATAM Airlines Group S.A.    
Financial Risk Management [Line Items]    
Up to 90 days $ 452  
More than 90 days to one year 1,348  
More than one to three years 43,531  
More than three to five years 43,494  
More than five years 16,665  
Total 105,490  
Nominal value $ 99,109  
Annual Effective rate 2.29%  
Annual Nominal rate 2.05%  
EXIM BANK | Financial lease | LATAM Airlines Group S.A.    
Financial Risk Management [Line Items]    
Up to 90 days   $ 3,176
More than 90 days to one year   9,681
More than one to three years   137,930
More than three to five years   193,551
More than five years   157,978
Total   502,316
Nominal value   $ 446,509
Annual Effective rate   3.58%
Annual Nominal rate   2.79%
EXIM BANK | Financial lease | Liquidity Risk | LATAM Airlines Group S.A.    
Financial Risk Management [Line Items]    
Up to 90 days $ 3,262  
More than 90 days to one year 9,389  
More than one to three years 216,015  
More than three to five years 148,582  
More than five years 75,118  
Total 452,366  
Nominal value $ 413,072  
Annual Effective rate 4.13%  
Annual Nominal rate 3.31%  
MUFG | Other guaranteed obligation | LATAM Airlines Group S.A.    
Financial Risk Management [Line Items]    
Up to 90 days   $ 13,091
More than 90 days to one year   38,914
More than one to three years   69,916
Total   121,921
Nominal value   $ 112,388
Annual Effective rate   6.23%
Annual Nominal rate   6.23%
MUFG | Other guaranteed obligation | Liquidity Risk | LATAM Airlines Group S.A.    
Financial Risk Management [Line Items]    
Up to 90 days $ 12,919  
More than 90 days to one year 37,926  
More than one to three years 16,649  
Total 67,494  
Nominal value $ 64,102  
Annual Effective rate 7.11%  
Annual Nominal rate 7.11%  
CREDIT AGRICOLE | Other guaranteed obligation | LATAM Airlines Group S.A.    
Financial Risk Management [Line Items]    
Up to 90 days   $ 5,769
More than 90 days to one year   31,478
More than one to three years   70,890
More than three to five years   267,615
Total   375,752
Nominal value   $ 275,000
Annual Effective rate   8.24%
Annual Nominal rate   8.24%
CREDIT AGRICOLE | Other guaranteed obligation | Liquidity Risk | LATAM Airlines Group S.A.    
Financial Risk Management [Line Items]    
Up to 90 days $ 6,451  
More than 90 days to one year 33,576  
More than one to three years 75,714  
More than three to five years 243,842  
Total 359,583  
Nominal value $ 266,768  
Annual Effective rate 9.43%  
Annual Nominal rate 9.43%  
NATIXIS | Financial lease | LATAM Airlines Group S.A.    
Financial Risk Management [Line Items]    
Up to 90 days   $ 9,864
More than 90 days to one year   29,468
More than one to three years   75,525
More than three to five years   70,787
More than five years   129,582
Total   315,226
Nominal value   $ 239,138
Annual Effective rate   6.44%
Annual Nominal rate   6.44%
NATIXIS | Financial lease | Liquidity Risk | LATAM Airlines Group S.A.    
Financial Risk Management [Line Items]    
Up to 90 days $ 10,653  
More than 90 days to one year 30,443  
More than one to three years 73,474  
More than three to five years 70,443  
More than five years 94,995  
Total 280,008  
Nominal value $ 215,357  
Annual Effective rate 7.58%  
Annual Nominal rate 7.58%  
NATIXIS | Financial lease | Liquidity Risk | TAM SA    
Financial Risk Management [Line Items]    
Up to 90 days $ 510 $ 510
More than 90 days to one year 1,530 1,530
More than one to three years 4,080 4,080
More than three to five years 9,886 4,080
More than five years 0 7,846
Total 16,006 18,046
Nominal value $ 16,006 $ 18,046
Annual Effective rate 0.00% 7.23%
Annual Nominal rate 0.00% 7.23%
US BANK | Financial lease | LATAM Airlines Group S.A.    
Financial Risk Management [Line Items]    
Up to 90 days   $ 18,072
More than 90 days to one year   54,088
More than one to three years   86,076
Total   158,236
Nominal value   $ 152,693
Annual Effective rate   4.06%
Annual Nominal rate   2.85%
US BANK | Financial lease | Liquidity Risk | LATAM Airlines Group S.A.    
Financial Risk Management [Line Items]    
Up to 90 days $ 17,984  
More than 90 days to one year 50,411  
More than one to three years 17,681  
Total 86,076  
Nominal value $ 84,177  
Annual Effective rate 4.41%  
Annual Nominal rate 3.16%  
BANK OF UTAH | Financial lease | LATAM Airlines Group S.A.    
Financial Risk Management [Line Items]    
Up to 90 days   $ 5,878
More than 90 days to one year   17,651
More than one to three years   47,306
More than three to five years   50,649
More than five years   145,184
Total   266,668
Nominal value   $ 182,237
Annual Effective rate   10.45%
Annual Nominal rate   10.45%
BANK OF UTAH | Financial lease | Liquidity Risk | LATAM Airlines Group S.A.    
Financial Risk Management [Line Items]    
Up to 90 days $ 5,891  
More than 90 days to one year 17,705  
More than one to three years 47,590  
More than three to five years 54,357  
More than five years 117,597  
Total 243,140  
Nominal value $ 172,582  
Annual Effective rate 10.71%  
Annual Nominal rate 10.71%  
OTHERS | Others loans | LATAM Airlines Group S.A.    
Financial Risk Management [Line Items]    
Up to 90 days   $ 2,028
Total   2,028
Nominal value   $ 2,028
Annual Effective rate   0.00%
Annual Nominal rate   0.00%
OTHERS | Others loans | Liquidity Risk | LATAM Airlines Group S.A.    
Financial Risk Management [Line Items]    
Up to 90 days $ 104  
Total 104  
Nominal value $ 104  
Annual Effective rate 0.00%  
Annual Nominal rate 0.00%  
AIRCRAFT, OTHERS, US | Lease Liability | Liquidity Risk | LATAM Airlines Group S.A.    
Financial Risk Management [Line Items]    
Up to 90 days $ 139,599 $ 80,602
More than 90 days to one year 419,554 250,297
More than one to three years 1,116,682 845,215
More than three to five years 928,238 776,431
More than five years 1,685,262 1,094,935
Total 4,289,335 3,047,480
Nominal value 2,894,195 2,134,968
OTHER ASSETS, OTHERS, US | Lease Liability | Liquidity Risk | LATAM Airlines Group S.A.    
Financial Risk Management [Line Items]    
Up to 90 days 2,523 1,727
More than 90 days to one year 7,276 8,080
More than one to three years 14,863 20,641
More than three to five years 846 6,251
More than five years 1,404 1,763
Total 26,912 38,462
Nominal value 25,680 35,157
OTHER ASSETS, OTHERS, US | Trade and other accounts payables | Liquidity Risk | LATAM Airlines Group S.A.    
Financial Risk Management [Line Items]    
Up to 90 days   80,557
More than 90 days to one year   58,342
Total   138,899
Nominal value   138,899
OTHER ASSETS, OTHERS, CLP | Lease Liability | Liquidity Risk | LATAM Airlines Group S.A.    
Financial Risk Management [Line Items]    
Up to 90 days 19 20
More than 90 days to one year 57 34
More than one to three years 94 69
More than three to five years   0
More than five years   0
Total 170 123
Nominal value 135 111
OTHER ASSETS, OTHERS, CLP | Trade and other accounts payables | Liquidity Risk | LATAM Airlines Group S.A.    
Financial Risk Management [Line Items]    
Up to 90 days   168,393
More than 90 days to one year   1,231
Total   169,624
Nominal value   169,624
OTHER ASSETS, OTHERS, UF | Lease Liability | Liquidity Risk | LATAM Airlines Group S.A.    
Financial Risk Management [Line Items]    
Up to 90 days 557 574
More than 90 days to one year 1,255 1,568
More than one to three years 2,906 3,007
More than three to five years 2,426 2,515
More than five years 5,099 6,273
Total 12,243 13,937
Nominal value 11,097 11,703
OTHER ASSETS, OTHERS, COP | Lease Liability | Liquidity Risk | LATAM Airlines Group S.A.    
Financial Risk Management [Line Items]    
Up to 90 days 122 76
More than 90 days to one year 308 227
More than one to three years 266 301
More than three to five years 148  
Total 844 604
Nominal value 667 518
OTHER ASSETS, OTHERS, EUR | Lease Liability | Liquidity Risk | LATAM Airlines Group S.A.    
Financial Risk Management [Line Items]    
Up to 90 days 63 84
More than 90 days to one year 101 253
More than one to three years 172 246
More than three to five years 23  
Total 359 607
Nominal value 296 571
OTHER ASSETS, OTHERS, BRL | Lease Liability | Liquidity Risk | LATAM Airlines Group S.A.    
Financial Risk Management [Line Items]    
Up to 90 days 2,314 2,064
More than 90 days to one year 6,871 6,192
More than one to three years 15,177 14,851
More than three to five years 14,438 12,491
More than five years 25,742 28,625
Total 64,542 64,223
Nominal value 35,841 33,425
OTHER ASSETS, OTHERS, BRL | Trade and other accounts payables | Liquidity Risk | LATAM Airlines Group S.A.    
Financial Risk Management [Line Items]    
Up to 90 days   370,772
More than 90 days to one year   5,242
Total   376,014
Nominal value   376,014
OTHER ASSETS, OTHERS, MXN | Lease Liability | Liquidity Risk | LATAM Airlines Group S.A.    
Financial Risk Management [Line Items]    
Up to 90 days 24  
More than 90 days to one year 71  
More than one to three years 8  
Total 103  
Nominal value 84  
OTHERS, OTHERS, US | Trade and other accounts payables | Liquidity Risk | LATAM Airlines Group S.A.    
Financial Risk Management [Line Items]    
Up to 90 days 846,541  
More than 90 days to one year 7,063  
Total 853,604  
Nominal value 709,933  
OTHERS, OTHERS, CLP | Trade and other accounts payables | Liquidity Risk | LATAM Airlines Group S.A.    
Financial Risk Management [Line Items]    
Up to 90 days 44,593  
More than 90 days to one year 8,072  
Total 52,665  
Nominal value 64,317  
OTHERS, OTHERS, BRL | Trade and other accounts payables | Liquidity Risk | LATAM Airlines Group S.A.    
Financial Risk Management [Line Items]    
Up to 90 days 309,999  
More than 90 days to one year 7,671  
Total 317,670  
Nominal value 409,474  
OTHERS, OTHERS, Other currency | Trade and other accounts payables | Liquidity Risk | LATAM Airlines Group S.A.    
Financial Risk Management [Line Items]    
Up to 90 days 178,740 583,118
More than 90 days to one year 5,522 3,935
Total 184,262 587,053
Nominal value 118,189 587,053
Qatar Airways | Accounts payable to related parties currents | Liquidity Risk | LATAM Airlines Group S.A.    
Financial Risk Management [Line Items]    
More than 90 days to one year 2,312  
Total 2,312  
Nominal value 2,312  
Delta Air Lines, Inc. | Accounts payable to related parties currents | Liquidity Risk | LATAM Airlines Group S.A.    
Financial Risk Management [Line Items]    
More than 90 days to one year 5,132  
Total 5,132  
Nominal value $ 5,132  
CITIBANK | Financial lease | LATAM Airlines Group S.A.    
Financial Risk Management [Line Items]    
Up to 90 days   6,995
More than 90 days to one year   5,844
Total   12,839
Nominal value   $ 12,514
Annual Effective rate   6.19%
Annual Nominal rate   5.47%
PK AIRFINANCE | Financial lease | LATAM Airlines Group S.A.    
Financial Risk Management [Line Items]    
Up to 90 days   $ 1,749
More than 90 days to one year   5,165
More than one to three years   6,665
Total   13,579
Nominal value   $ 12,590
Annual Effective rate   5.97%
Annual Nominal rate   5.97%
MERRILL LYNCH CREDIT PRODUCTS, LLC | Bank loans | Liquidity Risk | TAM SA    
Financial Risk Management [Line Items]    
Up to 90 days   $ 304,549
Total   304,549
Nominal value   $ 304,549
Annual Effective rate   3.95%
Annual Nominal rate   3.95%
Inversora Aeronáutica Argentina S.A. | Accounts payable to related parties currents | Liquidity Risk | LATAM Airlines Group S.A.    
Financial Risk Management [Line Items]    
Up to 90 days   $ 5
More than 90 days to one year   0
Total   5
Nominal value   5
Patagonia Seafarms INC | Accounts payable to related parties currents | Liquidity Risk | LATAM Airlines Group S.A.    
Financial Risk Management [Line Items]    
Up to 90 days   7
More than 90 days to one year   0
Total   7
Nominal value   $ 7