Financial Reporting - The company reported its audited consolidated financial statements for the periods ended December 31, 2022, 2023, and 2024, prepared in accordance with IFRS Accounting Standards[21]. - LATAM Airlines Group maintains accounting records in U.S. dollars, with some affiliates using local currencies such as Chilean pesos and Brazilian real[17]. - The observed exchange rate for the Chilean peso on December 31, 2024, was Ch1.00, while the Brazilian real was R1.00[18]. Stock Market Activity - LATAM Airlines Group's shares were relisted on the NYSE on July 25, 2024, following a public secondary offering of 19,000,000 ADSs at a price of $24.00 per ADS[20]. - The company has a single series of shares of Common Stock listed on the Chilean Stock Exchange, with American Depositary Shares representing 2,000 shares each[20]. Business Operations and Strategy - LATAM Airlines Argentina announced the indefinite cessation of its passenger and cargo operations on June 17, 2020[15]. - The company anticipates future demand for passenger and cargo air services to be influenced by economic conditions in Latin America and globally[27]. - LATAM Airlines Group's growth strategy will be impacted by its ability to service debt and fund working capital requirements[27]. - The company emphasizes the importance of maintaining customer relationships and brand perception in its future strategies[27]. Risks and Challenges - LATAM Airlines Group's financial performance is subject to risks including competition, fuel price fluctuations, and changes in regulations[27].
LATAM AIRLINES GROUP S.A.(LTM) - 2024 Q4 - Annual Report