ters and 3 Boeing 777-200 freighters. Competition: In Latin America-United States routes, the company’s main competitors are Centurion, AVIANCA Cargo, Atlas Air and American Airlines. On the Latin America-Europe routes, its main competitors are Cargolux, Lufthansa Cargo, Martinair and Emirates Airlines. Fleet As of December 31, 2015, the company operated a fleet of 327 aircraft, comprised of 316 passenger aircraft and 11 cargo aircraft. Additionally, four cargo aircraft were subleased to third parties. 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. Its facilities at Miami International Airport include corporate offices for its cargo and passenger operations and temperature-controlled and freezer space for imports and exports. The company also operates from various other airports in Chile and internationally. 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 S.A. Marketing and Sales The company’s sales and marketing efforts are carried out directly, where it has a local office, or through general sales agents. In total, the company has approximately 30 international offices. In Latin America, the company has its own offices in all key markets. In the United States, the company has offices in Miami, New York and Los Angeles, and work with representatives in various other cities. In Europe, the company has offices in Frankfurt, Amsterdam, Madrid and Paris and use agents in other key cities. In Asia, it has a sales office in Hong Kong, and in other cities its sales efforts are conducted through general sales agents. In total, the company maintains a network of approximately 30 independent cargo sales agencies domestically and internationally. Business Strategy The company’s strategy includes strengthening its network; leveraging of mobile digital technologies; organizational strength; and proactive risk management. 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 Federal Aviation Administration in the United States 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. 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
Presidente Riesco 5711
Phone: 56 2 565 2525
The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content.
|No competitor information is available for LFL.|
|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 S&P Global Market Intelligence. Please use this form to report any data issues.