LATAM Airlines Group SA
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Company Description
- CEO
- Roberto Alvo Milosawlewitsch
- Full Time Employees
- 41,125
- Sector
- Transportation
- Industry
- Airlines
- Address
- Presidente Riesco 5711 Las Condes SA Chile 7550000
- IPO Date
- Jan 22, 1987
- Website
- latamairlinesgroup.net
- Similar Companies
- Business
- LATAM Airlines Group S.A. operates as a leading airline holding company, providing comprehensive passenger and cargo air transportation services. Its expansive network primarily connects locations throughout South America, with crucial routes extending to North America, Europe, Oceania, and Africa. The company, which was originally established in 1929, maintains its headquarters in Santiago, Chile. Positioned as the largest airline group in Latin America, LATAM presently serves around 160 destinations in 28 countries, utilizing a combined fleet of over 360 aircraft for both passenger and dedicated freight operations. Following a significant restructuring period, the company successfully exited Chapter 11 bankruptcy in November 2022, emerging with a strengthened financial foundation, including increased liquidity and a substantial debt reduction. This strategic repositioning has facilitated a strong joint venture with Delta Air Lines, aiming to enhance connectivity across the Americas. LATAM is actively investing in fleet modernization, pursuing sustainability goals such as a 30% reduction in carbon emissions by 2030, and continuously improving the passenger experience, including plans to offer onboard Wi-Fi on its wide-body aircraft by 2026. The group concluded 2024 with strong financial performance, reporting significant net income and a record number of passengers transported.
Company News
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