LATAM Airlines Group - Wikipedia

LATAM Airlines Group S.A. is an airline holding company headquartered in Santiago, Chile. ... It is considered the largest airline in Latin America with ... LATAMAirlinesGroup FromWikipedia,thefreeencyclopedia Jumptonavigation Jumptosearch LatinAmericanairlineholdingcompany "LATAM"redirectshere.Forotheruses,seeLATAM(disambiguation). Thisarticle'sfactualaccuracymaybecompromisedduetoout-of-dateinformation.Pleasehelpupdatethisarticletoreflectrecenteventsornewlyavailableinformation.(December2021) LATAMAirlinesGroupS.A.TypeSociedadAnónimaTradedasBCS:LANOTCPink:LTMAQISINUS51817R1068IndustryAviationFoundedJune 22,2012;9yearsago (2012-06-22)HeadquartersSantiago,Chile[1][2]KeypeopleIgnacioCueto[3](Chairman)RobertoAlvo(CEO)ProductsPassengerflights.CargoactivityAircraftmaintenanceServicesAirlineServicesRevenue$9.895billion(2018)[4]Operatingincome$758million(2018)[4]Netincome$213million(2018)[4]Totalassets$17.566billion(2018)[4]Owner DeltaAirLines(20%) QatarAirways(10%) Numberofemployees43,000(2017)Subsidiaries LATAMBrasil LATAMChile LATAMColombia LATAMEcuador LATAMParaguay LATAMPerú ClickLATAM Websitewww.latam.com LATAMAirlinesGroupS.A.isanairlineholdingcompanyheadquarteredinSantiago,Chile.[1][2]ItisconsideredthelargestairlineinLatinAmerica[5][6]withsubsidiariesinBrazil,Colombia,Ecuador,ParaguayandPeru.[7][8][9][10][11]ThecompanyfiledforChapter11bankruptcyintheUnitedStatesonMay26,2020duetoeconomicproblemsattributedtotheimpactoftheCOVID-19pandemiconaviation.[12]AlthoughLATAMAirlines'headquartersarelocatedinChile,thecarrierisanAmericandepositaryreceiptandtradedonboththeSantiagoStockExchangeandNewYorkStockExchangeatthetimeofbankruptcy.Thecompany'sstockticker(LTMAQ)wasunlistedfromtheNYSE,andwaslatermovedtotheunregulatedOTCMarketsPinkonJune12,2020. Contents 1History 1.1Merger 1.2Governmentapprovals 1.3Rebranding 1.42019–2020:Deltastake,Oneworlddeparture,andEnriqueCuetostepsdown 1.5Bankruptcy 2Corporateaffairs 2.1Ownership 3Operations 3.1SubsidiaryairlinesofLATAMAirlinesGroup 4OperatorsandFleet 5Seealso 6References 7Externallinks History[edit] Merger[edit] Chile'sLANChileandBrazil'sTAMLinhasAéreassignedanon-bindingagreementtomergeon13August2010,followedbyabindingagreementon19January2011[13][14]andpaperstoclosethemergeron22June2012,withTAMLinhasAéreas’shareholdersagreeingtothetakeoverbyLANAirlines.[15]EnriqueCueto,formerCEOofLAN,becametheCEOofLATAM;[16]MauricioRolimAmaro,formerlyvice-chairmanofTAM,becameLATAMchairman.[17] Governmentapprovals[edit] TheagreementtoestablishLATAMwasapprovedbyChileanauthoritieson21September2011,with11restrictions.TheseincludedtransferringfourlandingslotsatSãoPaulo-GuarulhosInternationalAirporttocompetitorsinterestedinoperatingflightstoSantiagodeChile'sComodoroArturoMerinoBenítezInternationalAirport,renouncingmembershiptoeithertheOneworldorStarAllianceairlinealliance,restrictingtheincreaseincapacityonflightsbetweenBrazilandChile,andopeningcode-sharepossibilitiesandfidelityprogrammembershiptointerestedcompetitors.[18]On14December2011,Brazilianauthoritiesapprovedtheagreement,imposingsimilarrestrictionsasChileanauthorities:LATAMwouldhavetochooseanalliancebyAugust2012andfrequenciesbetweenSãoPauloandSantiagodeChilewouldhavetobereduced.Atthetime,TAMhadtwopairsofslotswhileLANhadfour.LANhadtorelinquishtwopairstocompetitorsinterestedinusingthem.[19]On7March2013,LATAMannounceditsfinaldecisiontochooseOneworldasitsglobalairlinealliance.Asaresult,TAMleftStarAllianceduringthesecondquarterof2014tojoinOneworld.[20] Rebranding[edit] InAugust2015,itwasannouncedthatallLATAMAirlinesGroupairlineswouldfullyrebrandasLATAM,withoneunifiedliverytobeappliedonallaircraftby2018.[21][22]Therebrandingincludedallaspectsofthebusiness,suchasstaffuniformsandairportcheckinfacilities.[23]Thefirstoftheaircraftwererepainted(ordeliverednew)inthenewLATAMliveryinApril2016.[citationneeded] 2019–2020:Deltastake,Oneworlddeparture,andEnriqueCuetostepsdown[edit] On26September2019,DeltaAirLinesannounceditsplanstobuy20%ofLATAMfor$1.9billion,toexpandDelta'saccesstotheLatinAmericanmarket.Additionally,DeltaundertooktopayLATAM'sexitfeefromOneworldandtotakedeliveryofallAirbusA350XWBaircraftthatLATAMhadonorder.[24][25][26]On1January2020,itwasreportedthatDeltaAirLines’acquisitionofthe20%stakeinLATAMgroupwascompleted.[27]GroupCEOEnriqueCuetosteppeddownon31March2020,andwassucceededbyRobertoAlvo,thegroup’sthen-currentChiefCommercialOfficer.[28]On31January2020,LATAMannouncedthatitwouldleaveOneworldthreemonthslateron1May.[29] Bankruptcy[edit] On26May2020,LATAMfiledforChapter11bankruptcyintheUnitedStatesduetoeconomicproblemsattributedtotheimpactoftheCOVID-19pandemiconaviation,[12]althoughtheyarecurrentlyoperatingandhavebeennegotiatingterms.[30]InAugust,thecompanyannounceditssecond-quarterresults,projectingimprovedoperationalprospects.ToassistwiththeCOVID-19pandemicinPeru,thecompanyannouncedthatitssubsidiaryLATAMPerúwouldhelpdistributevaccinestofifteenprovincesinPeruforfree.[31] Corporateaffairs[edit] Ownership[edit] Thecompany'sshareholders,asofMarch2021,are:[32] Shareholder Interest DeltaAirLines 20.0% CuetoGroup 16.4% QatarAirways 10.0% AmaroGroup 6.4% Otherinvestors 47.2% 100.0% Operations[edit] ALATAMChileBoeing787-9DreamlineratJohnF.KennedyInternationalAirportinJuly2016. Asof31December2017,LATAMAirlinesGroupisoneofthelargestairlinegroupsintheworldintermsofnetworkconnections,withitssubsidiariesoperatingacombinedfleetof315aircraftprovidingpassengertransportservicesto137destinationsin24countries;and18aircraftprovidingcargoservicesto144destinationsin29countries.[33] LATAM'smainhubsareSantiagodeChile'sComodoroArturoMerinoBenítezInternationalAirport;JorgeChávezInternationalAirportinLima;SãoPaulo–GuarulhosInternationalAirport;andElDoradoInternationalAirportinBogotá.ThecompanyisexploringthecreationofanewhubinnortheasternBrazilwiththeobjectiveofexpandingoperationsbetweenEuropeandSouthAmerica.[34]BogotáisthehubfortheCaribbean.[35] LATAMAirlinesArgentinahasannouncedthatitwillceasedomesticcargooperationsforanindefiniteperiod. [36] SubsidiaryairlinesofLATAMAirlinesGroup[edit] ALATAMBrasilAirbusA320neoatSalgadoFilhoInternationalAirportin2016. ALATAMBrasilAirbusA350-900atToulouseBlagnacInternationalAirportin2016. Theairlinesmajority-andminority-ownedbyLATAMAirlinesGroupthroughtheprimaryairlines'varioussubsidiariesareasfollows: Country Airline Argentina LATAMArgentina(ceasedoperationsin2020) Brazil LATAMBrasil LATAMCargoBrasil Chile LATAMChile LATAMCargoChile LATAMExpress Colombia LATAMColombia LATAMCargoColombia Ecuador LATAMEcuador Mexico LATAMCargoMexico(ownedbyLATAMfrom2015-2018) Paraguay LATAMParaguay Peru LATAMPerú OperatorsandFleet[edit] LATAMAirlinesGroupFleet Aircraft InService Operator AirbusA319-100 44 LATAMBrasil LATAMChile LATAMColombia LATAMEcuador LATAMExpress LATAMPerú AirbusA320 143 LATAMBrasil LATAMChile LATAMColombia LATAMExpress LATAMParaguay LATAMPerú AirbusA321-200 47 LATAMBrasil LATAMChile Boeing767-300ER 17 LATAMBrasil LATAMChile Boeing767-300ERF/BCF 12 LATAMCargoBrasil LATAMCargoChile LATAMCargoColombia Boeing777-300ER 10 LATAMBrasil Boeing787-8 10 LATAMChile Boeing787-9 13 LATAMChile LATAMBrasil Total 296 Seealso[edit] Listofairlineholdingcompanies Chileportal Brazilportal Aviationportal Companiesportal References[edit] ^ab"LATAMAirlinesGroupSA".Reuters.17August2018. ^ab"LatamAirlinesGroupSACorporateInformation".Bloomberg.27October2018. ^"LATAM-BoardofDirectors".latamairlinesgroup.net.Retrieved15May2017. ^abcdLATAMAirlinesGroup,ConsolidatedFinancialStatementsJanuary1,2018–December31,2018,retrieved1January2020 ^"LatamAirlinesGroupSA-CompanyProfileandNews".www.bloomberg.com.Retrieved26May2020. ^"KantarBrandZ"(PDF). ^Webber,Jude;Lemer,Jeremy(15August2010)."LatAmairlinesjoinconsolidationtrend".FinancialTimes.Retrieved16August2010. ^Sobie,Brendan(13August2010)."LANandTAMtomerge".FlightInternational.Retrieved14August2011. ^"Contact."LATAMAirlinesGroup.Retrievedon25January2013."ContactPdte.Riesco5711,20thfloorLasCondesSantiago,Chile" ^http://i.imgur.com/IvRaefc.jpg ^http://www.melhoresdestinos.com.br/wp-content/uploads/2015/08/logo_timeline_1024.jpg ^ab"LATAMbecomeslargestairlinedriventobankruptcybycoronavirus".Reuters.26May2020.Retrieved26May2020. ^"TAMandLANannouncebindingagreement".TAMLinhasAéreas.19January2011.Retrieved14August2011. ^"LANsayssignsnon-bindingdealwithTAMtomerge".Reuters.13August2010.Retrieved13August2010. ^"BBCNews-Chile'sLanandBrazil'sTammergetocreatehugeairline".Bbc.co.uk.1January1970.Retrieved23June2012. ^"EnriqueCuetotobeCEOofnewLAN-TAMparent".FlightInternational.13August2010.Retrieved14August2011. ^"LANandTAMaimtocompletemergerbymid2011".FlightGlobal.14August2010.Retrieved14August2069.{{citeweb}}:Checkdatevaluesin:|access-date=(help) ^Seabra,Luciana(21September2011)."TribunalchilenoaprovafusãodeTAMeLANcom11condições"(inPortuguese).ValorEconômico.Retrieved26September2011. ^Rodrigues,Eduardo;Froufe,Célia(14December2011)."Comrestrições,CADEaprovafusãoTAM/Lan"(inPortuguese).OEstadodeS.Paulo.Retrieved15December2011. ^"LATAM-NewsRelease".www.latamairlinesgroup.net.Retrieved15May2017. ^"LANandTAMtooperateasLATAMwithanewlivery"retrieved9August2015 ^"LATAM'sentirefleettohavenewliveryby2018"retrieved9August2015 ^Mutzabaugh,Ben(7August2015)."Solong,LANandTAM;AirlineswillsoonflyunderLATAMbrand".USATodayOnline.Retrieved31August2015. ^Rucinski,Tracy(27September2019)."Deltatobuy20%ofLATAMfor$1.9billioninregionalshake-up".Reuters.Retrieved26May2020–viawww.reuters.com. ^Sider,Alison(26September2019)."DeltaAirLinestoTake20%StakeinLatamAirlinesfor$1.9Billion".WallStreetJournal.Retrieved27September2019. ^"LATAMIntendsToLeaveTheoneworldAlliance".SimpleFlying.27September2019.Retrieved27September2019. ^"DeltaAirLinesCompletesLATAMAcquisition".SimpleFlying.1January2020.Retrieved1January2020. ^"LATAMAIRLINESGROUPREPORTSA21.8%IMPROVEMENTINOPERATINGINCOMEANDA10.1%OPERATINGMARGINFORTHETHIRDQUARTER2019".Retrieved9December2019. ^"Details|oneworld".www.oneworld.com.Retrieved14February2020. ^Laing,FabianCambero,Aislinn(17September2020)."LATAMAirlinesproposesnew$2.45billionfinancingdealtoU.S.bankruptcycourt".Reuters.Retrieved21November2020. ^"LATAMtrasladarádeformagratuitalasvacunasCOVID-19enelPerú|ECONOMIA".Peru21(inSpanish).10December2020.Retrieved10December2020. ^"OwnershipStructure".LATAMAirlinesGroupSA.Retrieved26April2021. ^"Archivedcopy".www.latamairlinesgroup.net.Archivedfromtheoriginalon10July2017.Retrieved15January2022.{{citeweb}}:CS1maint:archivedcopyastitle(link) ^"LATAMAirlinesGrouphastoundergoadelicatebalanceofshorttermpainforstrategicgain".www.centreforaviation.com.CentreforAviation.Retrieved4September2015. ^BohorquezAya,Edwin(7July2015)."AméricaLatinalehabladuroa".ElEspectador(Spanish).Retrieved5August2015. ^"LATAMAirlinesArgentinahaltsdomesticcargoservice".GlobalCargoNews.18June2020.Retrieved2July2020. Externallinks[edit] LATAMAirlines vteLATAMAirlinesGroupPassengerairlines LATAMBrasil LATAMChile LATAMPerú LATAMEcuador LATAMExpress LATAMColombia LATAMParaguay Cargoairlines LATAMCargoBrasil LATAMCargoChile LATAMCargoColombia Ceasedairlines LATAMArgentina LATAMCargoMexico vteIPSAcompaniesofChile(asof13January2022) AguasAndinas BCI BancodeChile BancoSantanderChile CAP CCU Cencosud CencosudShopping CMPC Colbún ConchayToro CSAV EmbotelladoraAndina [es] EmpresasCopec EnelAméricas EnelChile [es] EngieChile Entel Falabella GrupoSecurity [es] IAM ItaúCorpbanca Mallplaza ParqueArauco Ripley SMU [es] Sonda SQM Authoritycontrol VIAF 1 WorldCat Retrievedfrom"https://en.wikipedia.org/w/index.php?title=LATAM_Airlines_Group&oldid=1077356955" Categories:LATAMAirlinesGroupAirlineholdingcompaniesAirlinesofBrazilAirlinesofChileCompaniesbasedinSantiagoCompaniesthatfiledforChapter11bankruptcyin2020Holdingcompaniesestablishedin2012HoldingcompaniesofChileHoldingcompaniesofBrazilCompanieslistedontheSantiagoStockExchangeCompanieslistedonB3(stockexchange)CompaniesformerlylistedontheNewYorkStockExchangeCompaniestradedover-the-counterintheUnitedStatesLatinAmericanandCaribbeanAirTransportAssociationMultinationalcompaniesheadquarteredinChileTAMAirlinesLANAirlinesBraziliancompaniesestablishedin2012Chileancompaniesestablishedin2012Hiddencategories:CS1errors:datesCS1Portuguese-languagesources(pt)CS1Spanish-languagesources(es)CS1maint:archivedcopyastitleArticleswithshortdescriptionShortdescriptionisdifferentfromWikidataArticleswithobsoleteinformationfromDecember2021AllWikipediaarticlesinneedofupdatingUsedmydatesfromMay2013AllarticleswithunsourcedstatementsArticleswithunsourcedstatementsfromMay2020InterlanguagelinktemplateexistinglinkArticleswithVIAFidentifiersArticleswithWORLDCATIDidentifiers Navigationmenu Personaltools NotloggedinTalkContributionsCreateaccountLogin Namespaces ArticleTalk English expanded collapsed Views ReadEditViewhistory More expanded collapsed Search Navigation MainpageContentsCurrenteventsRandomarticleAboutWikipediaContactusDonate Contribute HelpLearntoeditCommunityportalRecentchangesUploadfile Tools WhatlinkshereRelatedchangesUploadfileSpecialpagesPermanentlinkPageinformationCitethispageWikidataitem Print/export DownloadasPDFPrintableversion Inotherprojects WikimediaCommons Languages العربيةتۆرکجهČeštinaDeutschEestiEspañolفارسیFrançais한국어ItalianoעבריתLietuviųNederlands日本語PortuguêsРусскийSuomiไทยУкраїнськаTiếngViệt中文 Editlinks