LATAM Airlines Group S.A. provides passenger and cargo airline services in South America. The company provides domestic and international passenger services in Chile, Peru, Ecuador, Argentina, Colombia and Brazil. It carries out cargo operations through the use of belly space on the passenger flights and dedicated cargo operations using freighter aircraft through the cargo airlines in Chile, Brazil, Colombia and Mexico. The company also offers other services, such as ground handling, courier, logistics, and maintenance. As of January 31, 2015, the company serviced 16 destinations in Chile, 16 destinations in Peru, 5 destinations in Ecuador, 14 destinations in Argentina, 20 destinations in Colombia, 40 destinations in Brazil, 11 destinations in other Latin American countries and the Caribbean, 5 destinations in the North America, 5 destinations in Europe and 3 destinations in the South Pacific. In addition, as of January 31, 2015, through the various code-share and interline agreements, the company offered service to 117 destinations in Latin America, 435 destinations in North America, 395 destinations in Europe, and approximately 800 destinations in Asia, Pacific, Africa and the Middle East. The company operates with a fleet of 327 aircraft and a set of bilateral alliances. International Passenger Operations The company’s international network combines the international operations of the Chilean, Peruvian, Ecuadorian, Argentinean, Colombian and Brazilian subsidiaries. The company has operated international services out of Chile, offering flights out of Peru, Ecuador, Argentina, Colombia and Brazil. As of December 31, 2014, the company offers 24 international destinations. The company provides long-haul services out of Santiago, Lima, Guayaquil, Buenos Aires, Bogota, Sao Paulo and Rio de Janeiro. It also provides regional services from Chile, Peru, Ecuador, Argentina, Colombia and Brazil. Domestic Passenger Operations The company provides domestic passenger services within Chile, Peru, Ecuador, Argentina and Colombial. Domestic passenger services are operated by LAN Airlines S.A. (LAN); Transporte Aéreo S.A. (LAN Express); and the regional subsidiaries, including LAN Perú S.A., Líneas Aéreas Nacionales del Ecuador S.A., LAN Argentina S.A. and Aerovías de Integración Regional, Aires S.A.. Additionally, TAM Linhas Aereas S.A. provides domestic passenger services within Brazil. Cargo Operations International and domestic cargo is operated by subsidiaries and affiliates under the LAN Cargo and TAM Cargo brands. Its cargo business operates on the same route network used by passenger airline business. It includes approximately 143 destinations, of which approximately 135 are served by passenger and/or freighter aircraft and approximately 9 are served only by freighter aircraft. Ground Facilities and Services The company’s main operations are based at the Comodoro Arturo Merino Benítez International Airport in Santiago, Chile, where it operates hangars, aircraft parking and other airport service facilities at the Comodoro Arturo Merino Benítez International Airport pursuant to concessions granted by the DGAC. The company also maintains a customs warehouse at the Comodoro Arturo Merino Benítez International Airport, additional customs warehouses in Chile (Iquique, Antofagasta and Punta Arenas) and Argentina (Aeroparque), and operates cargo warehouses at the Miami International Airport to service cargo customers. The company also operates from various other airports in Chile and abroad. The company also operates significant ground facilities and services through its headquarters located at Congonhas International Airport in São Paulo, Brazil. Ancillary Airline Activities In addition to airline operations, the company engages in other activities, including aircraft leases (including subleases, dry-leases, wet-leases and capacity sales to certain alliance partners) and charter flights, tours, duty-free in-flight sales, other maintenance, storage and customs, handling and activities and revenues of Multiplus. Business Strategy The company’s strategy includes the following: strengthening its network; leveraging of mobile digital technologies; and focusing on efficiency and cost competitiveness. Regulations Operations to and from the United States by non-U.S. airlines, such as the company, are subject to Title 49 of the U.S. Code, under which the Department of Transportation (DOT) and the FAA exercise regulatory authority. The company is authorized by the DOT to engage in scheduled and charter air transportation services, including the transportation of persons, property (cargo) and mail, or combinations thereof, between points in Chile and points in the United States and beyond (via intermediate points in other countries). The company holds the necessary authorizations from the DOT in the form of a foreign air carrier permit, Exemption Authorizations and Statements of Authorization to conduct operations to and from the United States. Significant Events In January 2016, International Airlines Group (IAG) has signed a joint business agreement between British Airways, Iberia and LATAM Airlines Group on flights between Europe and South America. Competition The company competes with American Airlines, Delta Airlines, Avianca-Taca, Air Canada, Aeromexico, Aerolineas Argentinas, Avianca-Taca, GOL, United Airlines, Delta Airlines, Avianca-Taca, Aeromexico, Continental Airlines, Air France-KLM, Iberia, Sky Airline, Lufthansa, TAP and Air Europa. History The company was founded in 1929. It was formerly known as LAN Airlines S.A. and changed its name to LATAM Airlines Group S.A. in 2012.
latam airlines group-sp adr
(LFL:New York Consolidated)
Avenida Américo Vespucio Sur No. 901
commune of Renca
|Air Canada||C$9.60 CAD||-0.15|
|Cathay Pacific Airways Ltd||$12.28 HKD||+0.06|
|Hainan Airlines Co Ltd||CNY3.32 CNY||+0.20|
|Qantas Airways Ltd||$25.19 USD||0.00|
|Turk Hava Yollari AO||6.74 TRY||+0.13|
|View Industry Companies|
|Price/Cash Flow||NM||Not Meaningful|
Sponsored Financial Commentaries
Only a company representative may request an update for the company profile. Documentation will be required.
To contact LATAM AIRLINES GROUP-SP ADR, please visit www.latamairlinesgroup.net. Company data is provided by Capital IQ. Please use this form to report any data issues.