LATAM Airlines Group - statistics & facts

The LATAM Airlines Group is a holding company, a product of the merging of Chile’s and Brazil’s flag carriers (LAN and TAM). Nowadays, it constitutes Latin America’s largest airline company. With subsidiaries in six South American countries, LATAM serves more than 110 destinations throughout Latin America, the Caribbean, the U.S., Canada, and Europe. At the onset of the COVID-19 pandemic, the global aviation industry was forced to a standstill, putting LATAM’s survival at risk. In May 2020, the Chilean-Brazilian company filed for bankruptcy under Chapter 11 in the United States as part of a bailout plan to guarantee its continuity. By the end of that year, LATAM had already resumed operations in most of its domestic markets, and since then, its passenger traffic has been gradually increasing.

LATAM in Brazil

Before 2012, TAM was the leading air carrier in Brazil. Now operating under the brand LATAM, it is the largest operating subsidiary for the holding group. In 2022, the airline also ranked as Brazil's leading domestic airline company, surpassing its two major competitors in the Brazilian aviation segment. LATAM’s headquarters are located in Santiago, Chile, but more than half of its employees were based in Brazil in 2021.

LATAM - Carbon neutrality by 2050

Airline companies significantly contribute to greenhouse gas emissions (GHG) globally, primarily due to fossil fuel usage for powering jet engines which release a substantial amount of carbon dioxide into the atmosphere. Even though LATAM’s GHG emissions overall increased from 2015 to 2022, the Chilean-based airline has set targets to reduce its emissions significantly. One such target is a 50 percent reduction in domestic GHG emissions by 2030. Furthermore, the company also aims to achieve carbon neutrality by 2050, aligning itself with climate change mitigation goals determined in the Paris Agreement.
This text provides general information. Statista assumes no liability for the information given being complete or correct. Due to varying update cycles, statistics can display more up-to-date data than referenced in the text.
Published by Statista Research Department, Jun 27, 2023

Key insights

Total assets
13.2bn USD
Operating revenue
9.5bn USD
Net revenue of LATAM Brasil
9.4bn BRL
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Number of flights performed by the global airline industry from 2004 to 2022, with a forecasts for 2023 (in millions)

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Global air traffic - number of flights 2004-2023

Market value of selected airlines worldwide as of May 2023 (in billion U.S. dollars)

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Distribution of the domestic air passenger market in Brazil in 2022, by airline

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Brazil: leading domestic passenger airlines 2022, by market share

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