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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 and the Caribbean as well as in North America 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, though its passenger traffic remained below pre-pandemic averages. On the other hand, the airline decided to cease its activities in Argentina from June 2020 onwards, after 15 years of operation in that market.

Surviving the financial crash

For most passenger airlines worldwide, the COVID-19 pandemic posed the greatest financial challenge in their history. For LATAM, this crisis meant a reduction of nearly 60 percent of its total operating revenue in 2020, a fall that was in a way mitigated by its cargo segment. In that year, the airline’s revenue from cargo operations registered an increase of nearly 15 percent when compared to the year before. Despite this growth, LATAM recorded net losses of more than four billion U.S. dollars in 2020, while it also reported a negative EBITDA for the first time since at least 2016.

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 2019, the airline also ranked as the transportation and logistics company with the highest net revenue in the South American country, not only surpassing its two major competitors in the Brazilian aviation segment but also outperforming Brazil’s largest highway operator. LATAM’s headquarters are located in the city of Santiago, Chile, but more than half of its employees are based in Brazil.

Key figures

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Operating performance

Passengers

Competitors' revenues

  • Avianca
    1.7bn USD
  • GOL
    6.4bn BRL
  • Azul
    5.8bn BRL
  • Aeroméxico
    28.5bn MXN

Interesting statistics

In the following 5 chapters, you will quickly find the {amountStatistics} most important statistics relating to "LATAM Airlines Group".

LATAM Airlines

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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 and the Caribbean as well as in North America 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, though its passenger traffic remained below pre-pandemic averages. On the other hand, the airline decided to cease its activities in Argentina from June 2020 onwards, after 15 years of operation in that market.

Surviving the financial crash

For most passenger airlines worldwide, the COVID-19 pandemic posed the greatest financial challenge in their history. For LATAM, this crisis meant a reduction of nearly 60 percent of its total operating revenue in 2020, a fall that was in a way mitigated by its cargo segment. In that year, the airline’s revenue from cargo operations registered an increase of nearly 15 percent when compared to the year before. Despite this growth, LATAM recorded net losses of more than four billion U.S. dollars in 2020, while it also reported a negative EBITDA for the first time since at least 2016.

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 2019, the airline also ranked as the transportation and logistics company with the highest net revenue in the South American country, not only surpassing its two major competitors in the Brazilian aviation segment but also outperforming Brazil’s largest highway operator. LATAM’s headquarters are located in the city of Santiago, Chile, but more than half of its employees are based in Brazil.

Interesting statistics

In the following 5 chapters, you will quickly find the {amountStatistics} most important statistics relating to "LATAM Airlines Group".

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