Tag Archives: LATAM Group

LATAM projects operations of 83% for November and reaches 144 destinations, matching pre-pandemic levels

LATAM group projects passenger operations 83% for November (measured in available seat-kilometers – ASK) in comparison to the same time period in 2019 (in a pre-pandemic scenario) and maintains its projection to exceed 85% in terms of consolidated operational recovery by the end of the year. This month, the group will hit a major milestone in resuming to fly to the same number of destinations as it did prior to the Covid-19 pandemic in November 2019.

At the same time, the group restarted its routes of Curitiba-Santiago and Antofagasta-Lima, which solidified its regional network connectivity.

LATAM plans to operate approximately 1,347 daily national and international flights this month, connecting 144 destinations across 22 countries. Meanwhile, the cargo business has more than 1,500 flights scheduled. All these projections are subject to changes in the pandemic across the countries in which it operates.

In October 2022, passenger traffic (measured in revenue passenger-kilometers – RPK) was 82.8% compared to the same time period in 2019, based on an operation measured in ASK (available seat-kilometers) of 81.9% compared to October 2019. This suggests that the load factor increased  0.9%, reaching 83.3%.

For cargo, the load factor was 55.4%, corresponding to an increase of 0.7 points compared to September 2019.

LATAM Airlines Group Estimated Operations, November 2022

(passenger operations measured in ASK / cargo operations measured in ATK)

*Belly: merchandise transported in the cargo hold (lower deck) of the aircraft.

Operational Estimate by Segment vs. 2019 – November 2022

(measured in ASK)

Note: While Argentina’s domestic operations are considered in the 2019 operational statistics above, LATAM announced the indefinite cessation of its domestic passenger and cargo operations in Argentina on June 17, 2020.

Top Copyright Photo: LATAM Airlines (Brazil) Boeing 777-32W ER PT-MUE (msn 38886) AMS (Ton Jochems). Image: 950078.

LATAM Airlines (Brazil) aircraft photo gallery:

LATAM Group completes its restructuring, will increase its cargo fleet

LATAM Group, the leading airline group in Latin America, has announced that it successfully completed its financial restructuring process in the United States on November 3, which it voluntarily commenced in May 2020 to reduce its debt, access new sources of financing, and transform its business in response to the global pandemic. Having maintained its leading position while achieving significant cost savings, LATAM has emerged from the reorganization as a more efficient group, with a modernized fleet, the most extensive network of connections in South America, and the continent’s largest loyalty program.

With over US$2.2 billion of liquidity, approximately US$3.6 billion less debt on its balance sheet (equivalent to a 35% debt reduction from the pre-filing period), and the support of key incumbent and new shareholders, LATAM is poised to reaffirm its leadership in Latin America and has positioned itself for long-term sustainability.

LATAM group offers a unique value proposition:

  • Network: LATAM is the leading airline group in Latin America, with affiliates operating in five domestic markets in the region: Brazil, Chile, Colombia, Ecuador and Peru, as well as international operations within Latin America and to Europe, the United States and the Caribbean, Oceania and soon Africa, as LATAM Airlines Brazil will resume the Sao Paulo– Johannesburg route in mid-2023. The group reached 144 destinations in 22 countries as of October, and it expects to close the year with a global operation footprint (measured in Available Seat Kilometers, ASKs) of more than 85% compared to 2019. Between 2021 and 2022, the group added 10 new destinations in Brazil and plans to operate 36 new routes by 2023.
  • LATAM Cargo: LATAM Cargo and the cargo subsidiaries are in the midst of an expansion plan that will allow them to increase their respective fleets from 11 Boeing 767-300F aircraft in 2019 to a total of up to 20 767-300F aircraft in 2024, thereby improving transportation options for their respective customers.
  • Delta Joint Venture: Recently, LATAM group has implemented a joint venture with Delta that will allow passengers to access more than 300 destinations between the U.S./Canada and South America (Brazil, Chile, Colombia, Paraguay, Peru and Uruguay). The joint venture agreement will enable the airlines to increase their level of cooperation in the aforementioned markets, resulting in a greater number of routes, more and better connections and the strengthening of frequent flyer program benefits.
  • Fleet: LATAM entered into agreements with Airbus to acquire by 2029 a total of 87 A320neo family aircraft, which are 20% more fuel efficient.
  • Frequent Flyer Program: With 39 million members, LATAM Pass is the largest loyalty program in South America and the seventh largest worldwide.

LATAM group’s track record, its leadership in Latin America and its robust business plan made it possible to complete its restructuring with the support of new prominent shareholders, including Sixth Street, Strategic Value Partners, and Sculptor Capital Management, and its incumbent strategic shareholders, Delta, Qatar and the Cueto family.

On November 15, 2022, an Extraordinary Shareholders’ Meeting (EGM) will be held to renew LATAM Airlines Group SA’s  Board of Directors.

Top Copyright Photo: LATAM Cargo (Colombia) Boeing 767-316F ER WL N532LA (msn 30780) AMS (Ton Jochems). Image: 952152.

LATAM Airlines (Colombia) aircraft slide show:

 

Joint venture approved between Delta and LATAM

Delta Air Lines has made this announcement:

The U.S. Department of Transportation granted final approval to the Joint Venture between Delta and LATAM, which will allow passengers to access more than 300 destinations between the US/Canada and South America (Brazil, Chile, Colombia, Paraguay, Peru and Uruguay). 

Once implemented, the approval enables Delta and LATAM Airlines Group, LATAM Airlines Brasil, LATAM Airlines Colombia, LATAM Airlines Peru and LATAM Airlines Paraguay to begin the work of unlocking new customer and cargo benefits – including enhanced service and expanded route offerings – that will add to the codeshare routes and reciprocal loyalty benefits already in place. More details on the benefits of the partnership will be shared in the coming months.
From more routes to loyalty points, 5 ways Delta’s global partnerships can help youDelta has secured approval from the U.S. Department of Transportation for its new joint venture with LATAM – the largest airline in Latin America. So what does that mean for customers? Click through for five reasons why Delta partners with like-minded carriers around the world.

LATAM Group made this announcement:

Delta Air Lines and the LATAM Group will work closely to create the leading airline partnership between the United States/Canada and South America (Brazil, Chile, Colombia, Paraguay, Peru, and Uruguay) and connect the Americas to the world like never before with access to more than 300 destinations, after the United States Department of Transportation granted final approval to their Joint Venture.

Once implemented, the approval enables Delta and LATAM Airlines Group, LATAM Airlines Brasil, LATAM Airlines Colombia, LATAM Airlines Peru and LATAM Airlines Paraguay to begin the work of unlocking new customer and cargo benefits – including enhanced service and expanded route offerings – that will add to the codeshare routes and reciprocal loyalty benefits already in place. More details on the benefits of the partnership will be shared in the coming months.

LATAM implements changes in its Economy cabin and eliminates 75% of single-use plastics on board

LATAM Group has made this announcement:

  • This initiative is part of the group’s commitment to eliminate all single-use plastics in its operations by 2023.
  • The change in the materials of all onboard service elements in the Economy cabin eliminates1,200 tons of plastic.

LATAM has announced changes to its Economy cabin service that has allowed it to eliminate more than 1,200 tons of single-use plastics, equivalent to eliminating 36,000 500 ml plastic bottles. The new service seeks to implement a more sustainable cabin and considers important changes in the materiality of all items on board (cups, cutlery, trays), replacing them with more sustainable materials such as bamboo cutlery, reusable trays, kraft paper packaging for cutlery, and certified sustainable paper cups.

These changes have been implemented on all of LATAM group’s regional and long-haul routes, and are part of the group’s sustainability strategy, which aims to eliminate 100% of single-use plastics used in its operations by 2023.

“Caring for the planet is a challenge for everyone, and a necessary destination for LATAM, which is why we reviewed our services and identified nearly 1,800 tons of single-use plastic on board our international flights. Our teams got involved to redefine all details of our service, making a positive change for our customers, and also for our planet,” said Paulo Miranda, LATAM Airlines Group Vice President of Customers.

This new proposal is in addition to the changes made in the Premium Business cabin, which include the incorporation of reusable bags to cover rest items and eco travel kits for passengers, which include a bamboo toothbrush with a sugar cane lid, earplugs with packaging made of kraft paper and socks and eye covers made from recycled plastic.

LATAM Airlines (Brazil) aircraft photo gallery:

LATAM expects to reach 81% of operations in September and aims to end the year above 85%

LATAM group projects passenger operations of 81% for September (measured in available seat kilometers – ASK) compared to the same period in 2019 (in a pre-pandemic scenario), and projects to exceed 85% in terms of consolidated operational recovery for the close of 2022.

LATAM expects to operate approximately 1,290 daily domestic and international flights during September, connecting 142 destinations in 22 countries, and the group’s cargo business has scheduled more than 1,270 flights. These projections are subject to the evolution of the pandemic in the countries where the group operates.

In August 2022, passenger traffic (measured in revenue passenger-kilometers – RPK) was 80.9% compared to the same period in 2019, based on an operation measured in ASK (available seat-kilometers) of 81.8% compared to August 2019. As a result, the load factor decreased 0.9 percentage points, reaching 83.0%.

The load factor of cargo operations was 55.8%, which corresponds to an increase of 1.3 percentage points compared to August 2019.

LATAM Group Operational Estimate – September 2022

(Passenger operations measured in ASK / Cargo operations measured in ATK)

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Brazil

● 89% projected operation (versus September 2019). August 2022 projection reference: 89%

● 103% domestic and 72% international
● Total September destinations: 54 domestic and 20 international.

Chile

● 70% projected operation (versus September 2019). August 2022 projection reference: 69%

● 74% domestic and 68% international
● Total September destinations: 16 domestic and 25 international.

Colombia

● 115% projected operation (versus September 2019). August 2022 projection reference: 109%

● 138% domestic and 88% international
● Total July destinations: 17 domestic and 5 international.

Ecuador

● 55% projected operation (versus September 2019). August 2022 projection reference: 51%

● 132% domestic and 31% international
● Total September destinations: 8 domestic and 3 international.

Perú

● 79% projected operation (versus September 2019). August 2022 projection reference: 78%

● 91% domestic and 74% international
● Total July destinations: 19 domestic and 26 international

Cargo

● 96% projected operation (versus September 2019). August 2022 projection reference: 100%

  • ●  68% domestic belly and 79% international belly*
  • ●  153% dedicated freighter

*Belly: mercancía transportada en la bodega de carga (lower deck) del avión.

Operational Estimate by Segment vs. 2019 – September 2022

(Measured in ASK)

page2image21682688

Domestic Spanish-speaking countries

81%

Domestic Brazil

103%

Internacional

68%

Consolidated Total

81%

Note: While Argentina’s domestic operations are considered in the 2019 operational statistics above, LATAM announced the indefinite cessation of its domestic passenger and cargo operations in Argentina on June 17, 2020.

LATAM Airlines (Chile) aircraft photo gallery:

LATAM commits to eliminating all single-use plastics by 2023

LATAM AIrlines Group made this announcement:

  Among the initiatives to be implemented is a change in the materials of all onboard service elements in the Economy cabin, which will eliminate more than 1,000 tons of single-use plastics.

Travel kits with more sustainable elements have also been incorporated in Premium Business cabins, and bags for blankets and rest items are gradually being replaced.

LATAM has announced that it will eliminate 100% of single-use plastics used in its operations by 2023. This commitment will be achieved through initiatives such as changing onboard materials, incorporating more sustainable elements, and with the group’s recycling and reuse programs.

To date, gradual changes have been implemented inside the aircraft. From June 1, all international flights have reusable bags to cover the rest items in the Premium Business cabin. New travel kits were also recently launched for passengers in Premium Business, which have more sustainable elements such as bamboo toothbrushes and kraft paper wrappers.

In the Economy cabin, important changes will be announced in the coming weeks in the materials used for all elements of service (glasses, cutlery, tableware), which will be replaced with reusable and/or recyclable materials. In the short term, this initiative will eliminate more than 1,000 tons of single-use plastics, equivalent to 36,000 500ml plastic bottles.

LATAM Cargo is implementing five pilot projects, expected to reduce the use of plastic in cargo operations by more than 60%. One of the most important projects is an initiative that aims to replace the plastic used for wrapping loads with reusable blankets or waterproof covers.

In addition, LATAM is focusing on recycling and reusing. On domestic flights in Chile, Peru, Colombia, and Ecuador, LATAM is operating the “Recycle Your Trip” program, through which cabin crews separate plastic and aluminum onboard. In Colombia, this separation takes place on the ground. The group, together with women entrepreneurs and partner organizations, continues to operate its uniform reuse program in Peru, Chile, Colombia, Ecuador, and Brazil, giving a second life to employee uniforms.

These initiatives are part of LATAM’s sustainability strategy, goals of which include achieving zero waste to landfill by 2027, offsetting 50% of domestic emissions by 2030, and reaching carbon neutrality by 2050.

LATAM projects operation of 74% for June, and resumes domestic routes in Peru and Brazil

LATAM group projects a passenger operation of up to 74% for June (measured in available seat kilometers – ASK) compared to the same month in 2019 (pre-pandemic scenario). The group will also begin operations between Puerto Maldonado and Cusco, in Peru, and will resume three routes from Belém (Brazil) to Macapá, Fortaleza, and Manaus.

LATAM plans to operate approximately 1,123 daily domestic and international flights during June, connecting 133 destinations in 21 countries.

The group’s cargo business has scheduled more than 1,220 flights on cargo freighters. These projections are subject to the evolution of the pandemic in the countries where the group operates.

In May 2022, passenger traffic (measured in revenue passenger kilometers – RPK) was 69.6% in relation to the same period in 2019, based on an operation of 73.1% compared to May 2019 (measured in ASK).  As a result, the load factor decreased 4.0 percentage points, reaching 79.6%.

The load factor of cargo operations was 58.0%, which corresponds to an increase of 1.6 percentage points in relation to May 2019.

LATAM Group Operational Estimate – June 2022

(Passenger operations measured in ASK / Cargo operations measured in ATK)

Brazil

80% projected operation (versus June 2019). May 2022 projection reference: 78% 102% domestic and 60% international Total June destinations: 50 domestic (equivalent to 540 daily flights on average) and 19 international Updates: Domestic: Resumption of routes between Belém-Macapá (2 flights/week), Belém-Fortaleza (7 flights/week) y Belém-Manaus (3 flights/week).

Chile

59% projected operation (versus June 2019). May 2022 projection reference: 62% 74% domestic and 46% international Total June destinations: 15 domestic (equivalent to 111 daily flights on average) and 22 international

Colombia

104% projected operation (versus June 2019). May 2022 projection reference: 114% 148% domestic and 58% international Total June destinations: 17 domestic (equivalent to 191 daily flights on average) and 5 international

Ecuador

44% projected operation (versus June 2019). May 2022 projection reference: 41% 122% domestic and 21% international Total June destinations: 8 domestic (equivalent to 39 daily flights on average) and 3 international

Peru

70% projected operation (versus June 2019). May 2022 projection reference: 68% 92% domestic and 62% international Total June destinations: 19 domestic (equivalent to 161 daily flights on average) and 22 international Updates: Domestic: New route – Puerto Maldonado-Cusco (4 flights/week).

Carga

94% projected operation (versus June 2019). May 2021 projection reference: 94% 77% domestic belly and 65% international belly* 163% dedicated freighter

Domestic Spanish-speaking countries

83%

Domestic Brazil

102%

International

55%

Consolidated Total

74%

LATAM Airlines (Chile) aircraft photo gallery:

LATAM Group expects to operate 74% of its pre-pandemic schedule in June

LATAM Group projects a passenger operation of up to 74% for June (measured in available seat kilometers – ASK) compared to the same month in 2019 (pre-pandemic scenario).
The group will also begin operations between Puerto Maldonado and Cusco, in Peru, and will resume three routes from Belém (Brazil) to Macapá, Fortaleza, and Manaus.
LATAM plans to operate approximately 1,123 daily domestic and international flights during June, connecting 133 destinations in 21 countries.
LATAM Airlines (Chile) aircraft photo gallery:

LATAM announces plans to conserve South America’s iconic ecosystems

LATAM Group made this announcement:

  • The alliance with the CO2BIO conservation project in the Colombian Orinoquía will protect 200,000 hectares of flooded savanna, home to more than 2,200 species.

  • During the next few months, LATAM expects to announce new projects for the conservation of iconic ecosystems in Brazil, Chile, Ecuador and Peru.

LATAM Group announced its first alliance with a project dedicated to the conservation and restoration of an iconic ecosystem in South America. The project, called CO2BIO, is located in the Colombian Orinoquía and covers more than 200,000 hectares of flooded savanna. Over the next few months, the group hopes to unveil new alliances in the countries where it operates in the region.

CO2BIO has been promoted by the Cataruben Foundation and has the support of the Natural Wealth Program of the United States Agency for International Development (USAID) and Panthera Colombia. This is the first project in LATAM Group’s portfolio that supports the challenge of offsetting 50% of its domestic routes by 2030 and achieving carbon neutrality by 2050.

The CO2BIO project includes activities for the conservation of forests, wetlands and grasslands, in addition to promoting the development of sustainable production activities in the departments of Casanare, Vichada, Arauca and Meta. One hundred and ninety-one families live in the area, which form part of the conservation project of the 200,000 hectares of flooded savanna, home to more than 2,000 species.

Through conservation and rehabilitation actions, this initiative will capture 1 million tons of CO2 during the 2021-2023 period, and has the potential to capture up to an additional 2.8 million tons by 2025, if progress is made in new stages of the project. During the next few months, LATAM expects to announce new projects for the conservation of iconic ecosystems in Brazil, Chile, Ecuador and Peru.

It should be remembered that LATAM Group launched its sustainability strategy in May 2021, which commits to eliminate single-use plastics by 2023, generate zero waste to landfill by 2027, offset 50% of domestic emissions by 2030 and be carbon neutral by 2050.

LATAM projects an operation of 46% in July, the highest since the beginning of the pandemic

LATAM Group has issued this statement:

LATAM’s passenger operation for July 2021 is estimated to reach 46% (measured in available seat kilometers – ASK) compared to the same month in 2019, in a pre-pandemic context. This figure represents the largest operation projected since the beginning of the health crisis caused by SARS-CoV-2 and a significant increase from June’s operation of 36.9%. The challenge going forward, however, is the reactivation of markets like Chile and Ecuador, which register the lowest operational recovery of all of the countries in which the group operates. LATAM estimates approximately 880 domestic and international flights daily during July, connecting 116 destinations in 16 countries. Meanwhile, the Cargo division has scheduled 1,030 cargo freighter flights during the period, 20% more than in the same month of 2019. All of these projections are subject to the evolution of the pandemic, as well as travel restrictions in the countries where LATAM operates. During June 2021, passenger traffic (measured in revenue passenger-kilometers – RPK) was 32.1% compared to the same period of 2019, based on an operation measured in ASK (available seat-kilometers) of 36.9% compared to June 2019. Therefore, the load factor decreased 10.8 percentage points, reaching 72.2%. With regard to the cargo operations, the load factor was 62.8%, which corresponds to an increase of 7.7 percentage points compared to June 2019.

LATAM Group Operational Estimate – July 2021 (measured in ASK)

Brazil ● 48% projected operation (versus July 2019) ○ 75% domestic and 20% international ● Total July destinations: 44 domestic (equivalent to 418 daily flights on average) and 13 international. ○ Updates: ■ Domestic: 10 new routes: Río/Santos Dumont-Recife, Río/Santos Dumont-Maceió, Río/Santos Dumont-Natal, São Paulo/Congonhas-Fortaleza, São Paulo/Congonhas-Maceió, São Paulo/Congonhas-Natal, São Paulo/Congonhas-Recife, Fortaleza-Belém, Fortaleza-Manaus, Fortaleza-Teresina. ■ International: Restart routes São Paulo/Guarulhos-Paris and São Paulo/Guarulhos-Bogotá.

Chile ● 35% projected operation (versus July 2019) ○ 68% domestic and 21% international ● Total July destinations: 15 domestic (equivalent to 122 daily flights on average) and 14 international. ○ Updates: Restart route Santiago-New York (direct)

Colombia ● 76% projected operation (versus July 2019) ○ 98% domestic and 50% international ● Total July destinations: 15 domestic (equivalent to 136 daily flights on average) and 4 international. ○ Updates: ■ Domestic: New route Medellín-Cúcuta. ■ International: Restart route Bogotá-São Paulo/Guarulhos.

Ecuador ● 23% projected operation (versus July 2019) ○ 82% domestic and 7% international ● Total July destinations: 7 domestic (equivalent to 22 daily flights on average) and 2 international.

Peru ● 45% projected operation (versus July 2019) ○ 66% domestic and 38% international ● Total July destinations: 19 domestic (equivalent to 126 daily flights on average) and 17 international. ○ Updates: ■ Domestic: New route Arequipa-Cusco. ■ International: Restart Lima-Madrid and Lima-Orlando operations.

Cargo ● 75% projected operation (versus July 2019) ○ 63% domestic belly and 50% international belly* ○ 126% dedicated cargo * Belly: merchandise transported in the cargo hold (lower deck) of the aircraft