LATAM Airlines Group Releases Sustainability Report
• The report is the first joint sustainability report released for LATAM Airlines Group carriers LAN and TAM presenting social, environmental and economic performance information.
Santiago, May 5, 2014 – Today, LATAM Airlines Group released its Sustainability Report, the first released by the company since the association between LAN and TAM, where you can find important information about the airline group’s social, economic and environmental performance for 2013.
As stated in the report, last year 4.1 million foreign passengers were transported to key South American destinations. From this, the company estimated that around $4.3 billion in yearly revenue was contributed to the tourism sector in the region, for expenses in airports, accommodation, meals, transfers, sightseeing and shopping.
Given the impact on local economies, LATAM Airlines Group has endeavored to promote sustainable tourism, with the development of a responsible operation that preserves both the cultural and environmental heritage in different locations and countries in where LAN and TAM operate.
The report also emphasizes the ongoing quest for efficiency in flight operations, focusing on business sustainability and reducing environmental impact. Therefore, focus has been placed on fleet modernization, operational efficiency to boost results and the search for intelligent fuel use.
Today, the LATAM Airlines Group fleet is on average seven years old, one of the most modern in the industry, resulting in greater fuel use efficiencies and less greenhouse gas emissions. The company has committed investments of more than U.S. $ 12.2 billion until the year 2020 for 166 new aircraft, which include the Boeing 787, and Airbus A320neo and A350.
FUEL EFFICIENCY PROGRAMS
To improve the operation’s efficiency, LATAM Group has plans with Smart Fuel and Lean Fuel (both for optimizing the use of fuels), as well as making better use of aircraft capacity, focusing on filling seats and the belly of the aircraft, which in turn positively impacts costs and environmental indicators indirectly.
To produce this report, the group consulted different interest groups in Chile and Brazil, from clients and staff to organizations specializing in this field. Guidelines from the latest version of G4 GRI (Global Reporting Initiative) were used as reference. The full document can be found at www.latamairlinesgroup.net