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FINANCIAL RISK MANAGEMENT (Tables) | 12 Months Ended
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Dec. 31, 2024
Disclosure Of Financial Risk Management [Abstract] |
Schedule of hedge information | The following tables show the level of hedge for different periods:
Positions as of December 31, 2024 (*) |  | Maturities
|  | Q125 |  | Q225 |  | Q325 |  | Q425 |  | Total
Percentage of coverage over the expected volume of consumption |  | 51 | % |  | 47 | % |  | 34 | % |  | 30 | % |  | 41 | %
Positions as of December 31, 2023 (*) |  | Maturities
|  | Q124 |  | Q224 |  | Q324 |  | Q424 |  | Total
Percentage of coverage over the expected volume of consumption |  | 35 | % |  | 32 | % |  | 30 | % |  | 22 | % |  | 30 | %
(*) The percentage shown in the table considers all the hedging instruments (swaps and options). Hedge derivatives
| Current liabilities |  | Non-current liabilities |  | Total hedge derivatives
| As of December 31, 2024 |  | As of December 31, 2023 |  | As of December 31, 2024 |  | As of December 31, 2023 |  | As of December 31, 2024 |  | As of December 31, 2023
| ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$
Fair value of foreign currency derivatives | — |  |  | 1,544 |  |  | — |  |  | — |  |  | — |  |  | 1,544 |
Total hedge derivatives | — |  |  | 1,544 |  |  | — |  |  | — |  |  | — |  |  | 1,544 |
Schedule of sensitivity analysis | The following table shows the sensitivity of financial instruments according to reasonable changes in the price of fuel and their effect on equity.
Benchmark price (US$ per barrel) |  | Positions as of December 31, 2024 effect on Equity (MUS$) |  | Positions as of December 31, 2023 effect on Equity (MUS$)
+5 |  | +15.7 |  | +10.8
-5 |  | -12.8 |  | -10.7
The following table shows the sensitivity of current hedging FX derivative instruments according to reasonable changes in the exchange rate and its effect on equity.
Appreciation (depreciation) of R$/US$ |  | Effect on equity as of December 31, 2024 (MUS$) |  | Effect on equity as of December 31, 2023 (MUS$)
-10% |  | -3.6 |  | -10.0
+10% |  | +1.0 |  | +19.0
The following table shows the impact of the Exchange Rate variation on the Consolidated Income Statement when the R$/US$ exchange rate appreciates or depreciates by 10%:
Appreciation (depreciation) of R$/US$ |  | Effect on Income Statement for the year ended December 31, 2024 (MUS$) |  | Effect on Income Statement for the year ended December 31, 2023 (MUS$)
-10% |  | -54.7 |  | +6.6
+10% |  | +54.7 |  | -6.6
The following table shows the impact on the Cumulative Translation Adjustment included in Other comprehensive income recognized in Total equity in the case of an appreciation or depreciation 10% the exchange rate R$/US$:
Appreciation (depreciation) of R$/US$ |  | Effect at December 31, 2024 MUS$ |  | Effect at December 31, 2023 MUS$
-10% |  | +318.51 |  | +327.01
+10% |  | -260.60 |  | -267.56
Sensitivity analysis: The following table shows the sensitivity of changes in financial obligations that are not hedged against interest-rate variations. These changes are considered reasonably possible, based on current market conditions each date.
Increase (decrease) of future curve SOFR rate |  | Positions as of December 31, 2024 effect on Income (Loss) before taxes (MUS$) |  | Positions as of December 31, 2023 effect on Income (Loss) before tax (MUS$)
+100 basis points |  | -9.28 |  | -20.27
-100 basis points |  | +9.28 |  | +20.27
Increase (decrease) interest rate curve |  | Positions as of December 31, 2024 effect on equity (MUS$) |  | Positions as of December 31, 2023 effect on equity (MUS$)
+100 basis points |  | +5.9 |  | —
-100 basis points |  | -6.3 |  | —
Schedule of class of liability for the analysis of liquidity risk ordered by date of maturity | Class of liability for the analysis of liquidity risk ordered by date of maturity as of December 31, 2024 Debtor: LATAM Airlines Group S.A., Tax No. 89.862.200-2 Chile
Tax No. |  | Creditor |  | Creditor country |  | Currency |  | Up to 90 days |  | More than 90 days to one year |  | More than one to three years |  | More than three to five years |  | More than five years |  | Total |  | Nominal value |  | Amortization |  | Annual
|  |  |  |  |  |  |  |  |  |  |  | Effective rate |  | Nominal rate
|  |  |  |  |  |  |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  |  |  | % |  | %
Obligations with the public
97.036.000-K |  | SANTANDER |  | Chile |  | UF |  | — |  |  | 2,970 |  |  | 5,889 |  |  | 5,889 |  |  | 167,830 |  |  | 182,578 |  |  | 147,217 |  |  | To the expiration |  | 2.00 |  |  | 2.00 |
0-E |  | WILMINGTON TRUST COMPANY |  | U.S.A. |  | US$ |  | — |  |  | 203,875 |  |  | 407,750 |  |  | 1,107,750 |  |  | 1,455,125 |  |  | 3,174,500 |  |  | 2,100,000 |  |  | To the expiration |  | 10.69 |  |  | 9.71 |
97.036.000-K |  | SANTANDER |  | Chile |  | US$ |  | — |  |  | — |  |  | — |  |  | — |  |  | 6 |  |  | 6 |  |  | 3 |  |  | To the expiration |  | 1.00 |  |  | 1.00 |
Guaranteed obligations
0-E |  | BNP PARIBAS |  | U.S.A. |  | US$ |  | 5,996 |  |  | 17,263 |  |  | 45,343 |  |  | 43,928 |  |  | 104,940 |  |  | 217,470 |  |  | 159,624 |  |  | Quarterly |  | 6.03 |  |  | 6.03 |
0-E |  | WILMINGTON TRUST COMPANY |  | U.S.A. |  | US$ |  | 5,770 |  |  | 17,015 |  |  | 43,945 |  |  | 41,683 |  |  | 33,697 |  |  | 142,110 |  |  | 115,727 |  |  | Quarterly/Monthly |  | 7.73 |  |  | 7.73 |
0-E |  | BOCOMM |  | Ireland |  | US$ |  | 2,724 |  |  | 8,158 |  |  | 20,911 |  |  | 19,790 |  |  | 110,277 |  |  | 161,860 |  |  | 100,000 |  |  | Quarterly |  | 6.42 |  |  | 6.42 |
Other guaranteed obligation
0-E |  | EXIM BANK |  | U.S.A. |  | US$ |  | 5,447 |  |  | 16,392 |  |  | 43,700 |  |  | 38,590 |  |  | 14 |  |  | 104,143 |  |  | 99,109 |  |  | Quarterly |  | 2.29 |  |  | 2.05 |
0-E |  | MUFG |  | U.S.A. |  | US$ |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | Quarterly |  | — |  |  | — |
0-E |  | CREDIT AGRICOLE |  | France |  | US$ |  | 4,097 |  |  | 13,097 |  |  | 35,021 |  |  | 292,571 |  |  | — |  |  | 344,786 |  |  | 275,012 |  |  | To the expiration |  | 6.63 |  |  | 6.63 |
Financial lease
0-E |  | NATIXIS |  | France |  | US$ |  | 10,319 |  |  | 29,916 |  |  | 77,088 |  |  | 112,238 |  |  | 24,493 |  |  | 254,054 |  |  | 191,383 |  |  | Quarterly |  | 6.73 |  |  | 6.73 |
0-E |  | US BANK |  | U.S.A. |  | US$ |  | 11,210 |  |  | 6,710 |  |  | — |  |  | — |  |  | — |  |  | 17,920 |  |  | 17,492 |  |  | Quarterly |  | 4.88 |  |  | 3.40 |
0-E |  | EXIM BANK |  | U.S.A. |  | US$ |  | 36,227 |  |  | 82,640 |  |  | 180,932 |  |  | 108,316 |  |  | 36,702 |  |  | 444,817 |  |  | 413,072 |  |  | Quarterly |  | 4.00 |  |  | 3.17 |
0-E |  | BANK OF UTAH |  | U.S.A. |  | US$ |  | 5,981 |  |  | 18,001 |  |  | 51,307 |  |  | 60,431 |  |  | 86,947 |  |  | 222,667 |  |  | 161,870 |  |  | Monthly |  | 10.71 |  |  | 10.71 |
|  | TOTAL |  |  |  |  |  | 87,771 |  |  | 416,037 |  |  | 911,886 |  |  | 1,831,186 |  |  | 2,020,031 |  |  | 5,266,911 |  |  | 3,780,509 |  |  |  |  |  |  |
Class of liability for the analysis of liquidity risk ordered by date of maturity as of December 31, 2024 Debtor: TAM S.A., Tax No. 02.012.862/0001-60, Brazil.
Tax No. |  | Creditor |  | Creditor country |  | Currency |  | Up to 90 days |  | More than 90 days to one year |  | More than one to three years |  | More than three to five years |  | More than five years |  | Total |  | Nominal value |  | Amortization |  | Annual
|  |  |  |  |  |  |  |  |  |  |  | Effective rate |  | Nominal rate
|  |  |  |  |  |  |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  |  |  | % |  | %
Financial leases
0-E |  | NATIXIS |  | France |  | US$ |  | 510 |  |  | 1,530 |  |  | 4,080 |  |  | 7,846 |  |  | — |  |  | 13,966 |  |  | 13,966 |  |  | Quarterly |  | — |  |  | — |
|  | TOTAL |  |  |  |  |  | 510 |  |  | 1,530 |  |  | 4,080 |  |  | 7,846 |  |  | — |  |  | 13,966 |  |  | 13,966 |  |  |  |  |  |  |
Class of liability for the analysis of liquidity risk ordered by date of maturity as of December 31, 2024 Debtor: LATAM Airlines Group S.A., Tax No. 89.862.200-2, Chile.
Tax No. |  | Creditor |  | Creditor country |  | Currency |  | Up to 90 days |  | More than 90 days to one year |  | More than one to three years |  | More than three to five years |  | More than five years |  | Total |  | Nominal value |  | Amortization |  | Annual
|  |  |  |  |  |  |  |  |  |  |  | Effective rate |  | Nominal rate
|  |  |  |  |  |  |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  |  |  | % |  | %
Lease Liability
|  | AIRCRAFT |  | OTHERS |  | US$ |  | 144,076 |  |  | 507,305 |  |  | 1,171,362 |  |  | 958,537 |  |  | 1,718,984 |  |  | 4,500,264 |  |  | 3,174,757 |  |  | — |  |  | — |  |  | — |
|  | OTHER ASSETS |  | OTHERS |  | US$ |  | 3,717 |  |  | 11,276 |  |  | 31,723 |  |  | 27,462 |  |  | 90,051 |  |  | 164,229 |  |  | 88,854 |  |  | — |  |  | — |  |  | — |
|  |  |  |  |  | CLP |  | 1,535 |  |  | 4,604 |  |  | 11,441 |  |  | 10,263 |  |  | 29,935 |  |  | 57,778 |  |  | 36,151 |  |  | — |  |  | — |  |  | — |
|  |  |  |  |  | UF |  | 1,264 |  |  | 3,757 |  |  | 9,241 |  |  | 6,523 |  |  | 3,631 |  |  | 24,416 |  |  | 21,425 |  |  | — |  |  | — |  |  | — |
|  |  |  |  |  | COP |  | 344 |  |  | 1,016 |  |  | 1,784 |  |  | 56 |  |  | — |  |  | 3,200 |  |  | 2,829 |  |  | — |  |  | — |  |  | — |
|  |  |  |  |  | EUR |  | 31 |  |  | 92 |  |  | 58 |  |  | 8 |  |  | — |  |  | 189 |  |  | 183 |  |  | — |  |  | — |  |  | — |
|  |  |  |  |  | BRL |  | 3,072 |  |  | 8,322 |  |  | 18,727 |  |  | 12,425 |  |  | 18,256 |  |  | 60,802 |  |  | 38,082 |  |  | — |  |  | — |  |  | — |
|  |  |  |  |  | MXN |  | 87 |  |  | 217 |  |  | 11 |  |  | — |  |  | — |  |  | 315 |  |  | 299 |  |  | — |  |  | — |  |  | — |
Trade and other accounts payables
- |  | OTHERS |  | OTHERS |  | US$ |  | 1,291,259 |  |  | 6,478 |  |  | — |  |  | — |  |  | — |  |  | 1,297,737 |  |  | 709,933 |  |  | — |  |  | — |  |  | — |
|  |  |  |  |  | CLP |  | 65,753 |  |  | 193 |  |  | — |  |  | — |  |  | — |  |  | 65,946 |  |  | 64,317 |  |  | — |  |  | — |  |  | — |
|  |  |  |  |  | BRL |  | 224,513 |  |  | 6,621 |  |  | — |  |  | — |  |  | — |  |  | 231,134 |  |  | 409,474 |  |  | — |  |  | — |  |  | — |
|  |  |  |  |  | Other currency |  | 172,749 |  |  | 4,534 |  |  | — |  |  | — |  |  | — |  |  | 177,283 |  |  | 118,189 |  |  | — |  |  | — |  |  | — |
Accounts payable to related parties currents
Foreign |  | Qatar Airways |  | Qatar |  | US$ |  | — |  |  | 3,576 |  |  | — |  |  | — |  |  | — |  |  | 3,576 |  |  | 3,576 |  |  | — |  |  | — |  |  | — |
Foreign |  | Delta Air Lines, Inc. |  | U.S.A |  | US$ |  | — |  |  | 9,299 |  |  | — |  |  | — |  |  | — |  |  | 9,299 |  |  | 9,299 |  |  | — |  |  | — |  |  | — |
|  | Total |  |  |  |  |  | 1,908,400 |  |  | 567,290 |  |  | 1,244,347 |  |  | 1,015,274 |  |  | 1,860,857 |  |  | 6,596,168 |  |  | 4,677,368 |  |  |  |  |  |  |
|  | Total consolidated |  |  |  |  |  | 1,996,681 |  |  | 984,857 |  |  | 2,160,313 |  |  | 2,854,306 |  |  | 3,880,888 |  |  | 11,877,045 |  |  | 8,471,843 |  |  |  |  |  |  |
Class of liability for the analysis of liquidity risk ordered by date of maturity as of December 31, 2023 Debtor: LATAM Airlines Group S.A., Tax No. 89.862.200-2 Chile.
Tax No. |  | Creditor |  | Creditor country |  | Currency |  | Up to 90 days |  | More than 90 days to one year |  | More than one to three years |  | More than three to five years |  | More than five years |  | Total |  | Nominal value |  | Amortization |  | Annual
|  |  |  |  |  |  |  |  |  |  |  | Effective rate |  | Nominal rate
|  |  |  |  |  |  |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  |  |  | % |  | %
Bank loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
97.023.000-9 |  | GOLDMAN SACHS |  | U.S.A. |  | US$ |  | 44,721 |  |  | 127,878 |  |  | 302,953 |  |  | 1,192,355 |  |  | — |  |  | 1,667,907 |  |  | 1,089,000 |  |  | Quarterly |  | 20.31 |  |  | 15.04 |
0-E |  | SANTANDER |  | Spain |  | US$ |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | Quarterly |  | — |  |  | — |
Obligations with the public
97.030.000-7 |  | SANTANDER |  | Chile |  | UF |  | — |  |  | 3,230 |  |  | 6,409 |  |  | 6,409 |  |  | 182,647 |  |  | 198,695 |  |  | 160,214 |  |  | At Expiration |  | 2.00 |  |  | 2.00 |
0-E |  | WILMINGTON TRUST COMPANY |  | U.S.A. |  | US$ |  | — |  |  | 153,813 |  |  | 307,625 |  |  | 697,438 |  |  | 793,625 |  |  | 1,952,501 |  |  | 1,150,000 |  |  | At Expiration |  | 15.00 |  |  | 13.38 |
97.036.000-K |  | SANTANDER |  | Chile |  | US$ |  | — |  |  | — |  |  | — |  |  | — |  |  | 6 |  |  | 6 |  |  | 3 |  |  | At Expiration |  | 1.00 |  |  | 1.00 |
Guaranteed obligations
0-E |  | BNP PARIBAS |  | U.S.A. |  | US$ |  | 5,940 |  |  | 17,082 |  |  | 41,319 |  |  | 40,578 |  |  | 120,730 |  |  | 225,649 |  |  | 171,704 |  |  | Quarterly |  | 6.98 |  |  | 6.98 |
0-E |  | WILMINGTON TRUST COMPANY |  | U.S.A. |  | US$ |  | 5,948 |  |  | 16,928 |  |  | 42,098 |  |  | 40,736 |  |  | 54,056 |  |  | 159,766 |  |  | 132,585 |  |  | Quarterly / Monthly |  | 8.76 |  |  | 8.76 |
Other guaranteed obligation
0-E |  | EXIM BANK |  | U.S.A. |  | US$ |  | 452 |  |  | 1,348 |  |  | 43,531 |  |  | 43,494 |  |  | 16,665 |  |  | 105,490 |  |  | 99,109 |  |  | Quarterly |  | 2.29 |  |  | 2.05 |
0-E |  | MUFG |  | U.S.A. |  | US$ |  | 12,919 |  |  | 37,926 |  |  | 16,649 |  |  | — |  |  | — |  |  | 67,494 |  |  | 64,102 |  |  | Quarterly |  | 7.11 |  |  | 7.11 |
0-E |  | CREDIT AGRICOLE |  | France |  | US$ |  | 6,451 |  |  | 33,576 |  |  | 75,714 |  |  | 243,842 |  |  | — |  |  | 359,583 |  |  | 266,768 |  |  | At Expiration |  | 9.43 |  |  | 9.43 |
Financial lease
0-E |  | NATIXIS |  | France |  | US$ |  | 10,653 |  |  | 30,443 |  |  | 73,474 |  |  | 70,443 |  |  | 94,995 |  |  | 280,008 |  |  | 215,357 |  |  | Quarterly |  | 7.58 |  |  | 7.58 |
0-E |  | US BANK |  | U.S.A. |  | US$ |  | 17,984 |  |  | 50,411 |  |  | 17,681 |  |  | — |  |  | — |  |  | 86,076 |  |  | 84,177 |  |  | Quarterly |  | 4.41 |  |  | 3.16 |
0-E |  | EXIM BANK |  | U.S.A. |  | US$ |  | 3,262 |  |  | 9,389 |  |  | 216,015 |  |  | 148,582 |  |  | 75,118 |  |  | 452,366 |  |  | 413,072 |  |  | Quarterly |  | 4.13 |  |  | 3.31 |
0-E |  | BANK OF UTAH |  | U.S.A. |  | US$ |  | 5,891 |  |  | 17,705 |  |  | 47,590 |  |  | 54,357 |  |  | 117,597 |  |  | 243,140 |  |  | 172,582 |  |  | Monthly |  | 10.71 |  |  | 10.71 |
Others loans
0-E |  | OTHERS (*) |  | Chile |  | US$ |  | 104 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 104 |  |  | 104 |  |  | At Expiration |  | — |  |  | — |
|  | TOTAL |  |  |  |  |  | 114,325 |  |  | 499,729 |  |  | 1,191,058 |  |  | 2,538,234 |  |  | 1,455,439 |  |  | 5,798,785 |  |  | 4,018,777 |  |  |  |  |  |  |
(*)Obligation with creditors for executed letters of credit. Class of liability for the analysis of liquidity risk ordered by date of maturity as of December 31, 2023 Debtor: TAM S.A., Tax No. 02.012.862/0001-60, Brazil.
Tax No. |  | Creditor |  | Creditor country |  | Currency |  | Up to 90 days |  | More than 90 days to one year |  | More than one to three years |  | More than three to five years |  | More than five years |  | Total |  | Nominal value |  | Amortization |  | Annual
|  |  |  |  |  |  |  |  |  |  |  | Effective rate |  | Nominal rate
|  |  |  |  |  |  |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  |  |  | % |  | %
Financial Leases
0-E |  | NATIXIS |  | France |  | US$ |  | 510 |  |  | 1,530 |  |  | 4,080 |  |  | 9,886 |  |  | — |  |  | 16,006 |  |  | 16,006 |  |  | Semiannual/Quarterly |  | — |  |  | — |
Bank loans
|  | TOTAL |  |  |  |  |  | 510 |  |  | 1,530 |  |  | 4,080 |  |  | 9,886 |  |  | — |  |  | 16,006 |  |  | 16,006 |  |  |  |  |  |  |
Class of liability for the analysis of liquidity risk ordered by date of maturity as of December 31, 2023 Debtor: LATAM Airlines Group S.A., Tax No. 89.862.200-2, Chile.
Tax No. |  | Creditor |  | Creditor country |  | Currency |  | Up to 90 days |  | More than 90 days to one year |  | More than one to three years |  | More than three to five years |  | More than five years |  | Total |  | Nominal value |  | Amortization |  | Annual
|  |  |  |  |  |  |  |  |  |  |  | Effective rate |  | Nominal rate
|  |  |  |  |  |  |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  |  |  | % |  | %
Lease Liability
|  | AIRCRAFT |  | OTHERS |  | US$ |  | 139,599 |  |  | 419,554 |  |  | 1,116,682 |  |  | 928,238 |  |  | 1,685,262 |  |  | 4,289,335 |  |  | 2,894,195 |  |  | — |  |  | — |  |  | — |
|  | OTHER ASSETS |  | OTHERS |  | US$ |  | 2,523 |  |  | 7,276 |  |  | 14,863 |  |  | 846 |  |  | 1,404 |  |  | 26,912 |  |  | 25,680 |  |  | — |  |  | — |  |  | — |
|  |  |  |  |  | CLP |  | 19 |  |  | 57 |  |  | 94 |  |  | — |  |  | — |  |  | 170 |  |  | 135 |  |  | — |  |  | — |  |  | — |
|  |  |  |  |  | UF |  | 557 |  |  | 1,255 |  |  | 2,906 |  |  | 2,426 |  |  | 5,099 |  |  | 12,243 |  |  | 11,097 |  |  | — |  |  | — |  |  | — |
|  |  |  |  |  | COP |  | 122 |  |  | 308 |  |  | 266 |  |  | 148 |  |  | — |  |  | 844 |  |  | 667 |  |  | — |  |  | — |  |  | — |
|  |  |  |  |  | EUR |  | 63 |  |  | 101 |  |  | 172 |  |  | 23 |  |  | — |  |  | 359 |  |  | 296 |  |  | — |  |  | — |  |  | — |
|  |  |  |  |  | BRL |  | 2,314 |  |  | 6,871 |  |  | 15,177 |  |  | 14,438 |  |  | 25,742 |  |  | 64,542 |  |  | 35,841 |  |  | — |  |  | — |  |  | — |
|  |  |  |  |  | MXN |  | 24 |  |  | 71 |  |  | 8 |  |  | — |  |  | — |  |  | 103 |  |  | 84 |  |  | — |  |  | — |  |  | — |
Trade and other accounts payables
|  | OTHERS |  | OTHERS |  | US$ |  | 846,541 |  |  | 7,063 |  |  | — |  |  | — |  |  |  |  | 853,604 |  |  | 709,933 |  |  | — |  |  | — |  |  | — |
|  |  |  |  |  | CLP |  | 44,593 |  |  | 8,072 |  |  | — |  |  | — |  |  | — |  |  | 52,665 |  |  | 64,317 |  |  | — |  |  | — |  |  | — |
|  |  |  |  |  | BRL |  | 309,999 |  |  | 7,671 |  |  | — |  |  | — |  |  | — |  |  | 317,670 |  |  | 409,474 |  |  | — |  |  | — |  |  | — |
|  |  |  |  |  | Other currency |  | 178,740 |  |  | 5,522 |  |  | — |  |  | — |  |  | — |  |  | 184,262 |  |  | 118,189 |  |  | — |  |  | — |  |  | — |
Accounts payable to related parties currents
Foreign |  | Qatar Airways |  | Qatar |  | US$ |  | — |  |  | 2,312 |  |  | — |  |  | — |  |  | — |  |  | 2,312 |  |  | 2,312 |  |  | — |  |  | — |  |  | — |
Foreign |  | Delta Air Lines, Inc. |  | USA |  | US$ |  | — |  |  | 5,132 |  |  | — |  |  | — |  |  | — |  |  | 5,132 |  |  | 5,132 |  |  | — |  |  | — |  |  | — |
|  | Total |  |  |  |  |  | 1,525,094 |  |  | 471,265 |  |  | 1,150,168 |  |  | 946,119 |  |  | 1,717,507 |  |  | 5,810,153 |  |  | 4,277,352 |  |  |  |  |  |  |
|  | Total consolidated |  |  |  |  |  | 1,639,929 |  |  | 972,524 |  |  | 2,345,306 |  |  | 3,494,239 |  |  | 3,172,946 |  |  | 11,624,944 |  |  | 8,312,135 |  |  |  |  |  |  |
Classification of financial instruments at fair value | The following table shows the classification of financial instruments at fair value, depending on the level of information used in the assessment:
| As of December 31, 2024 |  | As of December 31, 2023
|  |  | Fair value measurements using values considered as |  |  |  | Fair value measurements using values considered as
| Fair value |  | Level I |  | Level II |  | Level III |  | Fair value |  | Level I |  | Level II |  | Level III
| ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents | 77,313 |  |  | 77,313 |  |  | — |  |  | — |  |  | 89,706 |  |  | 89,706 |  |  | — |  |  | — |
Short-term mutual funds | 77,313 |  |  | 77,313 |  |  | — |  |  | — |  |  | 89,706 |  |  | 89,706 |  |  | — |  |  | — |
Other financial assets, current | 15,565 |  |  | — |  |  | 15,565 |  |  | — |  |  | 22,136 |  |  | — |  |  | 22,136 |  |  | — |
Fair value interest rate derivatives | 4,676 |  |  | — |  |  | 4,676 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Fair value of fuel derivatives | 7,747 |  |  | — |  |  | 7,747 |  |  | — |  |  | 22,136 |  |  | — |  |  | 22,136 |  |  | — |
Fair value of foreign currency derivative | 3,142 |  |  | — |  |  | 3,142 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other financial liabilities, current | — |  |  | — |  |  | — |  |  | — |  |  | 1,544 |  |  | — |  |  | 1,544 |  |  | — |
Fair value of foreign currency derivatives | — |  |  | — |  |  | — |  |  | — |  |  | 1,544 |  |  | — |  |  | 1,544 |  |  | — |
Schedule of financial instruments which are not recorded at fair value | In order to meet the disclosure requirements of fair values, the Company has valued these instruments as shown in the table below:
| As of December 31, 2024 |  | As of December 31, 2023
| Book value |  | Fair value |  | Book value |  | Fair value
| ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$
Cash and cash equivalents | 1,880,475 |  |  | 1,880,475 |  |  | 1,625,055 |  |  | 1,625,055 |
Cash on hand | 1,885 |  |  | 1,885 |  |  | 2,019 |  |  | 2,019 |
Bank balance | 664,173 |  |  | 664,173 |  |  | 552,187 |  |  | 552,187 |
Overnight | 103,761 |  |  | 103,761 |  |  | 75,236 |  |  | 75,236 |
Time deposits | 1,110,656 |  |  | 1,110,656 |  |  | 995,613 |  |  | 995,613 |
Other financial assets, current | 51,730 |  |  | 51,730 |  |  | 152,683 |  |  | 152,683 |
Other financial assets | 51,730 |  |  | 51,730 |  |  | 152,683 |  |  | 152,683 |
Trade debtors, other accounts receivable and Current accounts receivable | 1,163,707 |  |  | 1,163,707 |  |  | 1,385,910 |  |  | 1,385,910 |
Accounts receivable from entities related, current | 25 |  |  | 25 |  |  | 28 |  |  | 28 |
Other financial assets, non-current | 53,772 |  |  | 53,772 |  |  | 34,485 |  |  | 34,485 |
Accounts receivable, non-current | 12,342 |  |  | 12,342 |  |  | 12,949 |  |  | 12,949 |
Other current financial liabilities | 635,213 |  |  | 837,181 |  |  | 594,519 |  |  | 867,791 |
Accounts payable for trade and other accounts payable, current | 2,133,572 |  |  | 2,133,572 |  |  | 1,765,279 |  |  | 1,765,279 |
Accounts payable to entities related, current | 12,875 |  |  | 12,875 |  |  | 7,444 |  |  | 7,444 |
Other financial liabilities, non current | 6,515,238 |  |  | 6,361,620 |  |  | 6,341,669 |  |  | 6,174,294 |
Accounts payable, non current | 491,762 |  |  | 491,762 |  |  | 418,587 |  |  | 418,587 |

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