LATAM Airlines Group S.A. (LTMAQ) Research

LATAM Airlines Group S.A., operating through its subsidiaries, functions as a significant provider of both passenger and air freight transportation services. Its extensive network primarily serves Chile, Peru, Ecuador, Colombia, Brazil, and other nations across Latin America, the Caribbean, North America, Europe, and Oceania. As of June 30, 2022, the group's operational reach extended to 133 passenger destinations across 20 countries and approximately 141 cargo destinations in 23 countries. This was supported by a fleet of 300 active aircraft, in addition to one B767 cargo freighter that was subleased to another entity. Established in 1929 and based in Santiago, Chile, the company underwent a name change in June 2012, transitioning from its previous identity as LAN Airlines S.A. to its current LATAM Airlines Group S.A. designation. Notably, on May 26, 2020, LATAM Airlines Group S.A. and its associated companies initiated a voluntary Chapter 11 reorganization proceeding in the U.S. Bankruptcy Court for the Southern District of New York.

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