LATAM AIRLINES GROUP SA
For the period ended Dec 31, 2023. Filed Feb 22, 2024.
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The yearly report of a company based outside the US. It covers much of what a 10-K does, and may follow accounting rules other than US ones.
FY2023 · Filed Feb 22, 2024
Contents
5 - Segment information
NOTE 5 -SEGMENT INFORMATION
As of December 31, 2023, the Company considers that it has a single operating segment, Air Transport. This segment corresponds to the route network for air transport and is based on the way in which the business is managed, according to the centralized nature of its operations, the ability to open and close routes, as well as reassignment (airplanes, crew, personnel, etc.) within the network, which implies a functional interrelation between all of them, making them inseparable. This segment definition is one of the most common in the worldwide airline industry.
The Company’s revenues by geographic area are as follows:
| For the year ended at December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| ThUS$ | ThUS$ | ThUS$ | |
| Peru | 988,908 | 858,957 | 503,616 |
| Argentina | 244,413 | 206,856 | 75,513 |
| U.S.A. | 1,044,822 | 1,058,107 | 577,970 |
| Europe | 800,897 | 768,980 | 376,857 |
| Colombia | 662,263 | 540,231 | 368,474 |
| Brazil | 5,006,377 | 3,724,466 | 1,664,523 |
| Ecuador | 332,801 | 248,454 | 162,959 |
| Chile | 1,898,150 | 1,514,645 | 794,122 |
| Asia Pacific and rest of Latin America | 661,910 | 441,825 | 359,981 |
| Income from ordinary activities | 11,640,541 | 9,362,521 | 4,884,015 |
| Other operating income | 148,641 | 154,286 | 277,331 |
The Company allocates revenues by geographic area based on the point of sale of the passenger ticket or cargo. Assets are composed primarily of aircraft and aeronautical equipment, which are used throughout the different countries, so it is not possible to assign a geographic area.
The Company has no customers that individually represent more than 10% of sales.
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