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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


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


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


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


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


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


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


• 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.


• Establishment of TAM Viagens.

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


• LAN launches its Premium Business category.

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


• 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.


• 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.


• LAN buys Colombian airline Aires.

• TAM officially joins Star Alliance.

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


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


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


• 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%.



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
Sociedad Anónima
Traded as BCSLAN
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]
 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 Colombia
LATAM Ecuador
LATAM Paraguay