LATAM Airlines Brasil

LATAM Airlines Brasil, formerly TAM Airlines, is the Brazilian brand of LATAM Airlines Group. The merger of TAM with LAN Airlines was completed on June 22, 2012.
According to the National Civil Aviation Agency of Brazil (ANAC), between January and December 2017, LATAM had 32.6% of the domestic, and 74.9% of the international market share in terms of passenger-kilometers flown, making it the second largest domestic and largest international airline in Brazil.

History of LATAM Airlines

Before coming together and forming Latin America’s largest airline, LATAM had a history full of pioneering, challenges and achievements

1929

• Commandant Arturo Merino Benítez creates LAN, Chile’s Línea Aérea Nacional.

1976

• Commandant Rolim Amaro establishes TAM, Brazil’s Transportes Aéreos Regionais.

1989

• Beginning of the privatization process. Chile’s government sells 51% of stakes to local investors and to Scandinavian Airlines System (SAS).

1990

• Brasil Central changes its name to TAM – Transportes Aéreos Meridionais.

1994

• LAN privatization reaches its peak: 98,7% of shares are acquired by the current controllers and other stakeholders.

1996

• TAM purchases Lapsa airliner from Paraguay’s government, creating TAM Mercosur.

1997

• LAN begins trading shares on the New York Stock Exchange (NYSE) and becomes the first Latin American airline trading ADRs on this major stock exchange.

1998

• Establishment of TAM Viagens.

• Arrival of the first A330 and completion of TAM’s first international flight from Sao Paulo to Miami.

2006

• LAN launches its Premium Business category.

• TAM S.A. IPO at New York Stock Exchange (NYSE).

2008

• LAN ends its short distances fleet renewal process; fleet is now formed by A320 airplanes.

• TAM launches its new logo.

• Arrival of TAM’s first Boeing 777-300ER.

2009

• LAN lauches cargo operations in Colombia and domestic passengers operations in Ecuador.

• Multiplus Fidelidade becomes an independent company.

• TAM announces the acquisition of Pantanal Linhas Aereas.

2010

• LAN buys Colombian airline Aires.

• TAM officially joins Star Alliance.

• TAM successfully performs the first flight in Latin America with biofuel from jatropha.

2011

• LAN and TAM sign tying arrangements related to the business combination between both companies.

2012

• LATAM Airlines Group is born out of the joint operations of LAN and TAM.

2014

• TAM joins oneworld® alliance. Now, all air passenger transportation LATAM Group companies are part of the same global alliance.

Read the full history on LATAM Website.

Financial news about LATAM

In October 2019, LATAM’s demand grew by 17.4% in the month. It accounted for 37.5% of the domestic Revenue Passenger Kilometer (RPK), representing a 13.1% change over the same period of 2018.

The company ended October 2019 with a 71.4% stake and a low of 10.6 in RPK.

Its third quarter financial results for the year revealed operating income of $ 268.9 million during the period, a 21.8% increase over July, August and September 2018. Operating margin was 10.1%, while net revenue totaled $ 86.3 million, or $ 51.1 million higher than last year’s third quarter.

Driven by 11.1% growth in passenger revenue, the airline’s total revenue increased 6.9% year-on-year. Revenue per Available Seat-Kilometer (RASK) grew by 9.1%, as did the number of people transported, which was 7.6% higher and represented 1.4 million more passengers in Brazilian domestic operations and affiliates of the Hispanic markets.

Total operating expenses for the third quarter increased 5.5%, while Cost per Available Seat-Kilometer (CASK) increased 3.6%. According to Latam, cost increases were driven by hyperinflation in Argentina and the reversal of performance bonus provision for the third quarter of 2018. Latam Group also reduced its operating margin target to approximately 7%.

Fleet

Our fleet is composed of modern Boeing and Airbus aircraft, acquired to provide the best onboard experience. These aircraft feature state-of-the-art design and technology, providing you with greater comfort, security, and efficiency during your journey.

Boeing 787-9

Capacity	313 passengers
Length	63,00 mts
Wingspan	60,00 mts
Maximum takeoff weight	251,360 kg
Emergency exit	8
Toilet facilities	8

Boeing 787-8

Capacity	247 passengers
Length	56,72 mts
Wingspan	60,13 mts
Maximum takeoff weight	227,930 kg
Emergency exit	8
Toilet facilities	6

Boeing 767-300

Capacity	221-238 passengers
Length	54,2 mts
Wingspan	47,16 mts
Maximum takeoff weight	184,611 kg
Emergency exit	8
Toilet facilities	7

Airbus 350

Capacity	339 passengers
Length	65,23 mts
Wingspan	64,75 mts
Maximum takeoff weight	268,9 kg
Emergency exit	8
Toilet facilities	8

Airbus 321

Capacity	220 passengers
Length	44,51 mts
Wingspan	35,8 mts
Maximum takeoff weight	89,000 kg
Emergency exit	8
Toilet facilities	3

Airbus 320-200

Capacity	168-174 passengers
Length	44,51 mts
Wingspan	34,10 mts
Maximum takeoff weight	77,000 kg
Emergency exit	8
Toilet facilities	3

Airbus 319

Capacity	144 passengers
Length	33,84 mts
Wingspan	34,10 mts
Maximum takeoff weight	70,000 kg
Emergency exit	6
Toilet facilities	3

Boeing 777

Capacity	379 passengers
Length	73,08 mts
Wingspan	64,80 mts
Maximum takeoff weight	346,544 kg
Emergency exit	10
Toilet facilities	10

National Routes



Type	Sociedad Anónima
Traded as	BCS: LAN NYSE: LTM
Industry	Aviation
Founded	2012; 7 years ago
Headquarters	Santiago, Chile,^[1]^[2]
Key people	Ignacio Cueto,^[3](Chairman) Enrique Cueto, (CEO)
Products	Passenger flights. Cargo activity Aircraft maintenance
Services	Airline Services
Revenue	US$ 8.494 billion (2017)^[4]
Net income	US$ 200.7 million (2017)
Total assets	US$ 18.798 billion (2017)
Total equity	US$ 4.267 billion (2017)
Number of employees	43,000 (2017)
Subsidiaries	LATAM Argentina LATAM Brasil LATAM Chile LATAM Colombia LATAM Ecuador LATAM Paraguay LATAM Perú Click LATAM
Website	www.latam.com