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FINANCIAL RISK MANAGEMENT (Tables)
 12 Months Ended
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
Q125Q225Q325Q425Total
Percentage of coverage over the expected volume of consumption 51 %47 %34 %30 %41 %
Positions as of December 31, 2023 (*)Maturities
Q124Q224Q324Q424Total
Percentage of coverage over the expected volume of consumption35 %32 %30 %22 %30 %
(*) The percentage shown in the table considers all the hedging instruments (swaps and options).
Hedge derivatives
 Current liabilitiesNon-current liabilitiesTotal 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.CreditorCreditor
country		CurrencyUp 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		TotalNominal
value		AmortizationAnnual
Effective
rate		Nominal
rate
ThUS$ThUS$ThUS$ThUS$ThUS$ThUS$ThUS$%%
Obligations with the public
97.036.000-KSANTANDERChileUF— 2,970 5,889 5,889 167,830 182,578 147,217 To the expiration2.00 2.00 
0-EWILMINGTON TRUST COMPANYU.S.A.US$— 203,875 407,750 1,107,750 1,455,125 3,174,500 2,100,000 To the expiration10.69 9.71 
97.036.000-KSANTANDERChileUS$— — — — 6 6 3 To the expiration1.00 1.00 
Guaranteed obligations
0-EBNP PARIBASU.S.A.US$5,996 17,263 45,343 43,928 104,940 217,470 159,624 Quarterly6.03 6.03 
0-EWILMINGTON TRUST COMPANYU.S.A.US$5,770 17,015 43,945 41,683 33,697 142,110 115,727 Quarterly/Monthly7.73 7.73 
0-EBOCOMMIrelandUS$2,724 8,158 20,911 19,790 110,277 161,860 100,000 Quarterly6.42 6.42 
Other guaranteed obligation
0-EEXIM BANKU.S.A.US$5,447 16,392 43,700 38,590 14 104,143 99,109 Quarterly2.29 2.05 
0-EMUFGU.S.A.US$— — — — — — — Quarterly— — 
0-ECREDIT AGRICOLEFranceUS$4,097 13,097 35,021 292,571 — 344,786 275,012 To the expiration6.63 6.63 
Financial lease
0-ENATIXISFranceUS$10,319 29,916 77,088 112,238 24,493 254,054 191,383 Quarterly6.73 6.73 
0-EUS BANKU.S.A.US$11,210 6,710 — — — 17,920 17,492 Quarterly4.88 3.40 
0-EEXIM BANKU.S.A.US$36,227 82,640 180,932 108,316 36,702 444,817 413,072 Quarterly4.00 3.17 
0-EBANK OF UTAHU.S.A.US$5,981 18,001 51,307 60,431 86,947 222,667 161,870 Monthly10.71 10.71 
TOTAL87,771 416,037 911,886 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.CreditorCreditor
country		CurrencyUp 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		TotalNominal
value		AmortizationAnnual
Effective
rate		Nominal
rate
ThUS$ThUS$ThUS$ThUS$ThUS$ThUS$ThUS$%%
Financial leases
0-ENATIXISFranceUS$510 1,530 4,080 7,846 — 13,966 13,966 Quarterly— — 
TOTAL510 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.CreditorCreditor
country		CurrencyUp 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		TotalNominal
value		AmortizationAnnual
Effective
rate		Nominal
rate
ThUS$ThUS$ThUS$ThUS$ThUS$ThUS$ThUS$%%
Lease Liability
AIRCRAFTOTHERSUS$144,076 507,305 1,171,362 958,537 1,718,984 4,500,264 3,174,757 — — — 
OTHER ASSETSOTHERSUS$3,717 11,276 31,723 27,462 90,051 164,229 88,854 — — — 
CLP1,535 4,604 11,441 10,263 29,935 57,778 36,151 — — — 
UF1,264 3,757 9,241 6,523 3,631 24,416 21,425 — — — 
COP344 1,016 1,784 56 — 3,200 2,829 — — — 
EUR31 92 58 8 — 189 183 — — — 
BRL3,072 8,322 18,727 12,425 18,256 60,802 38,082 — — — 
MXN87 217 11 — — 315 299 — — — 
Trade and other accounts payables
-OTHERSOTHERSUS$1,291,259 6,478 — — — 1,297,737 709,933 — — — 
CLP65,753 193 — — — 65,946 64,317 — — — 
BRL224,513 6,621 — — — 231,134 409,474 — — — 
Other currency172,749 4,534 — — — 177,283 118,189 — — — 
Accounts payable to related parties currents
ForeignQatar AirwaysQatarUS$— 3,576 — — — 3,576 3,576 — — — 
ForeignDelta Air Lines, Inc.U.S.AUS$— 9,299 — — — 9,299 9,299 — — — 
Total1,908,400 567,290 1,244,347 1,015,274 1,860,857 6,596,168 4,677,368   
Total consolidated1,996,681 984,857 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.CreditorCreditor
country		CurrencyUp 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		TotalNominal
value		AmortizationAnnual
Effective
rate		Nominal
rate
ThUS$ThUS$ThUS$ThUS$ThUS$ThUS$ThUS$%%
Bank loans          
97.023.000-9GOLDMAN SACHSU.S.A.US$44,721 127,878 302,953 1,192,355 — 1,667,907 1,089,000 Quarterly20.31 15.04 
0-ESANTANDERSpainUS$— — — — — — — Quarterly— — 
Obligations with the public
97.030.000-7SANTANDERChileUF— 3,230 6,409 6,409 182,647 198,695 160,214 At Expiration2.00 2.00 
0-EWILMINGTON TRUST COMPANYU.S.A.US$— 153,813 307,625 697,438 793,625 1,952,501 1,150,000 At Expiration15.00 13.38 
97.036.000-KSANTANDERChileUS$— — — — 6 6 3 At Expiration1.00 1.00 
Guaranteed obligations
0-EBNP PARIBASU.S.A.US$5,940 17,082 41,319 40,578 120,730 225,649 171,704 Quarterly6.98 6.98 
0-EWILMINGTON TRUST COMPANYU.S.A.US$5,948 16,928 42,098 40,736 54,056 159,766 132,585 Quarterly / Monthly8.76 8.76 
Other guaranteed obligation
0-EEXIM BANKU.S.A.US$452 1,348 43,531 43,494 16,665 105,490 99,109 Quarterly2.29 2.05 
0-EMUFGU.S.A.US$12,919 37,926 16,649 — — 67,494 64,102 Quarterly7.11 7.11 
0-ECREDIT AGRICOLEFranceUS$6,451 33,576 75,714 243,842 — 359,583 266,768 At Expiration9.43 9.43 
Financial lease
0-ENATIXISFranceUS$10,653 30,443 73,474 70,443 94,995 280,008 215,357 Quarterly7.58 7.58 
0-EUS BANKU.S.A.US$17,984 50,411 17,681 — — 86,076 84,177 Quarterly4.41 3.16 
0-EEXIM BANKU.S.A.US$3,262 9,389 216,015 148,582 75,118 452,366 413,072 Quarterly4.13 3.31 
0-EBANK OF UTAHU.S.A.US$5,891 17,705 47,590 54,357 117,597 243,140 172,582 Monthly10.71 10.71 
Others loans
0-EOTHERS (*)ChileUS$104 — — — — 104 104 At Expiration— — 
TOTAL114,325 499,729 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.CreditorCreditor
country		CurrencyUp 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		TotalNominal
value		AmortizationAnnual
Effective
rate		Nominal
rate
ThUS$ThUS$ThUS$ThUS$ThUS$ThUS$ThUS$%%
Financial Leases
0-ENATIXISFranceUS$510 1,530 4,080 9,886 — 16,006 16,006 Semiannual/Quarterly— — 
Bank loans
TOTAL510 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.CreditorCreditor
country		CurrencyUp 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		TotalNominal
value		AmortizationAnnual
Effective
rate		Nominal
rate
ThUS$ThUS$ThUS$ThUS$ThUS$ThUS$ThUS$%%
Lease Liability
AIRCRAFTOTHERSUS$139,599 419,554 1,116,682 928,238 1,685,262 4,289,335 2,894,195 — — — 
OTHER ASSETSOTHERSUS$2,523 7,276 14,863 846 1,404 26,912 25,680 — — — 
CLP19 57 94 — — 170 135 — — — 
UF557 1,255 2,906 2,426 5,099 12,243 11,097 — — — 
COP122 308 266 148 — 844 667 — — — 
EUR63 101 172 23 — 359 296 — — — 
BRL2,314 6,871 15,177 14,438 25,742 64,542 35,841 — — — 
MXN24 71 8 — — 103 84 — — — 
Trade and other accounts payables
OTHERSOTHERSUS$846,541 7,063 — — 853,604 709,933 — — — 
CLP44,593 8,072 — — — 52,665 64,317 — — — 
BRL309,999 7,671 — — — 317,670 409,474 — — — 
Other currency178,740 5,522 — — — 184,262 118,189 — — — 
Accounts payable to related parties currents
ForeignQatar AirwaysQatarUS$— 2,312 — — — 2,312 2,312 — — — 
ForeignDelta Air Lines, Inc.USAUS$— 5,132 — — — 5,132 5,132 — — — 
Total1,525,094 471,265 1,150,168 946,119 1,717,507 5,810,153 4,277,352   
Total consolidated1,639,929 972,524 2,345,306 3,494,239 3,172,946 11,624,944 8,312,135   
Classification of financial instruments at fair value
The following table shows the classification of financial instruments at fair value, depending on the level of information used in the assessment:
As of December 31, 2024As of December 31, 2023
Fair value measurements using
 values considered as		Fair value measurements using
 values considered as
Fair valueLevel ILevel IILevel IIIFair valueLevel ILevel IILevel III
ThUS$ThUS$ThUS$ThUS$ThUS$ThUS$ThUS$ThUS$
Assets
Cash and cash equivalents77,313 77,313 — — 89,706 89,706 — — 
Short-term mutual funds77,313 77,313 — — 89,706 89,706 — — 
        
Other financial assets, current15,565 — 15,565 — 22,136 — 22,136 — 
Fair value interest rate derivatives4,676 — 4,676 — — — — — 
Fair value of fuel derivatives7,747 — 7,747 — 22,136 — 22,136 — 
Fair value of foreign currency derivative3,142 — 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, 2024As of December 31, 2023
Book valueFair valueBook valueFair value
ThUS$ThUS$ThUS$ThUS$
Cash and cash equivalents1,880,475 1,880,475 1,625,055 1,625,055 
Cash on hand1,885 1,885 2,019 2,019 
Bank balance664,173 664,173 552,187 552,187 
Overnight103,761 103,761 75,236 75,236 
Time deposits1,110,656 1,110,656 995,613 995,613 
Other financial assets, current51,730 51,730 152,683 152,683 
Other financial assets51,730 51,730 152,683 152,683 
Trade debtors, other accounts receivable and Current accounts receivable1,163,707 1,163,707 1,385,910 1,385,910 
Accounts receivable from entities related, current25 25 28 28 
Other financial assets, non-current53,772 53,772 34,485 34,485 
Accounts receivable, non-current12,342 12,342 12,949 12,949 
Other current financial liabilities635,213 837,181 594,519 867,791 
Accounts payable for trade and other accounts payable, current2,133,572 2,133,572 1,765,279 1,765,279 
Accounts payable to entities related, current12,875 12,875 7,444 7,444 
Other financial liabilities, non current6,515,238 6,361,620 6,341,669 6,174,294 
Accounts payable, non current491,762 491,762 418,587 418,587