LTMNYSEAir Transportation, ScheduledFiscal year ends December 31

LATAM AIRLINES GROUP S.A.

Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Mar 5, 2026

$47.49+0.02 (+0.04%)

Close on Oct 19, 2026

Market cap: –
P/E (TTM): 19172.4
Dividend yield: –

Earnings

Quarterly results announced on Form 8-K, Item 2.02

Quarter	Reported	Time	Revenue	EPS (GAAP)	EPS (adjusted)
Q4 FY2025 Ended Dec 31, 2025	Feb 3, 2026	After market close	$3.95B	$0.00	–
Q4 FY2024 Ended Dec 31, 2024	Apr 28, 2025	After market close	$3.41B	–	–
Q4 FY2023 Ended Dec 31, 2023	Feb 22, 2024	After market close	$3.25B	–	–

Company guidance

Outlook given with results on Feb 3, 2026, compared with the previous outlook

Measure	Period	Guidance	vs. prior
Adjusted EBITDAnon-GAAP	full year 2026	$4.20B to $4.60B	New
Adjusted Levered Free Cash Flownon-GAAP	full year 2026	$1.70B	New
Adjusted Operating Incomenon-GAAP	full year 2026	$2.35B to $2.65B	New
Adjusted Operating Marginnon-GAAP	full year 2026	15% to 17%	New
Adjusted CASK ex fuelnon-GAAP	full year 2026	4.75 to 4.95	New
Adjusted Passenger CASK ex fuelnon-GAAP	full year 2026	4.3 to 4.5	Lowered
Total Net Debt/Adjusted EBITDARnon-GAAP	full year 2026	1.4	Lowered
Adjusted EBITDA Marginnon-GAAP	full year 2026	27% to 29%	New
Total ASK Growth vs 2025	full year 2026	8% to 10% growth	New
Domestic Brazil ASK Growth vs 2025	full year 2026	6% to 8% growth	Lowered
Domestic Spanish Speaking Countries ASK Growth vs 2025	full year 2026	5% to 7% growth	Lowered
International ASK Growth vs 2025	full year 2026	11% to 13% growth	Raised
Total ATK Growth vs 2025	full year 2026	5% to 7% growth	Lowered
Liquidity	full year 2026	$5.00B	New
Total Net Debt	full year 2026	$6.20B	Raised
Revenues	full year 2026	$15.50B to $16.00B	New

Figures and the sentence they come from are taken from the company's earnings release. Hover a measure to read the source sentence.

Press releases

Announcements Latam Airlines filed with the SEC

Oct 8, 2026, 4:54 PM ET
LATAM group transported 7.6 million passengers in September
EX-99.1 to Form 6-K
Sep 8, 2026, 4:13 PM ET
LATAM group increased capacity by 7.0% in August and transported 7.9 million passengers
EX-99.1 to Form 6-K
Sep 1, 2026, 6:43 PM ET
Issuer of Securities Registered in the Securities Registry
EX-99.1 to Form 6-K
Aug 10, 2026, 4:07 PM ET
LATAM group increased capacity by 8.2% in July and achieved a solid load factor of 84.6%
EX-99.1 to Form 6-K
Aug 4, 2026, 5:15 PM ET
LATAM reports a 5.4% Adj. Operating Margin, despite fuel price increase, with revenues up 28% YoY driven by a strong commercial execution
EX-99.1 to Form 6-K
Aug 4, 2026, 5:01 PM ET
LATAM AIRLINES GROUP S.A. AND SUBSIDIARIES
EX-99.1 to Form 6-K
Aug 3, 2026, 5:10 PM ET
Issuer of Securities Registered in the Securities Registry
EX-99.1 to Form 6-K
Jul 9, 2026, 5:35 PM ET
LATAM group continues to strengthen its international network and increases capacity by 7.5% in June
EX-99.1 to Form 6-K
Jul 8, 2026, 5:23 PM ET
Issuer of securities registered in the Securities Registry
EX-99.1 to Form 6-K
Jun 8, 2026, 4:43 PM ET
LATAM group transported 7.2 million passengers in May
EX-99.1 to Form 6-K
May 11, 2026, 6:06 PM ET
LATAM group transported 6.9 million passengers in April
EX-99.1 to Form 6-K
May 5, 2026, 4:13 PM ET
LATAM delivers 19.8% adjusted operating margin and US$576 million in net income, on the back of 10.4% capacity growth, sustained by the strength of its business model
EX-99.1 to Form 6-K
May 5, 2026, 4:13 PM ET
LATAM AIRLINES GROUP S.A. AND SUBSIDIARIES
EX-99.1 to Form 6-K
Apr 23, 2026, 5:04 PM ET
Issuer of securities registered in the Securities Registry
EX-99.1 to Form 6-K
Apr 23, 2026, 4:59 PM ET
Issuer of securities registered in the Securities Registry
EX-99.1 to Form 6-K
Apr 9, 2026, 4:54 PM ET
LATAM group’s capacity increased 9.3% in March alongside higher load factor levels
EX-99.1 to Form 6-K
Apr 7, 2026, 5:51 PM ET
Issuer of securities registered in the Securities Registry
EX-99.1 to Form 6-K
Mar 9, 2026, 5:21 PM ET
LATAM group transported 7.1 million passengers in February, highlighting solid load factors
EX-99.1 to Form 6-K
Mar 4, 2026, 4:35 PM ET
Issuer of securities registered in the Securities Registry
EX-99.1 to Form 6-K
Feb 10, 2026, 4:38 PM ET
LATAM group transported 8.2 million passengers in January, recording a solid load factor of 86.4%
EX-99.1 to Form 6-K
Feb 9, 2026, 9:31 PM ET
LATAM Announces Pricing of Equity Offering
EX-99.1 to Form 6-K
Feb 9, 2026, 9:01 PM ET
Issuer of Securities Registered in the Securities
EX-99.1 to Form 6-K
Feb 9, 2026, 4:30 PM ET
AUDITED CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2025 AND 2024 AND FOR EACH OF THE THREE YEARS ENDED DECEMBER 31, 2025, 2024 AND 2023
EX-99.1 to Form 6-K
Feb 9, 2026, 4:30 PM ET
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS AS OF DECEMBER 31, 2025 AND FOR THE YEAR ENDED DECEMBER 31, 2025 AND 2024
EX-99.2 to Form 6-K
Feb 9, 2026, 4:30 PM ET
MANAGEMENT'S ANNUAL REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING
EX-99.3 to Form 6-K
Feb 9, 2026, 4:25 PM ET
LATAM Announces Launch of Equity Offering
EX-99.1 to Form 6-K
Feb 9, 2026, 4:25 PM ET
Issuer of securities registered in the Securities Registry
EX-99.1 to Form 6-K
Feb 3, 2026, 4:13 PM ET
LATAM reports US$1.5 billion net income alongside 8.2% capacity increase for the full year, reflecting continued profitable growth
EX-99.1 to Form 6-K
Feb 3, 2026, 4:12 PM ET
LATAM AIRLINES GROUP S.A. AND SUBSIDIARIES
EX-99.1 to Form 6-K
Jan 12, 2026, 6:10 AM ET
LATAM group transported 87.4 million passengers in 2025
EX-99.1 to Form 6-K
Dec 8, 2025, 6:28 AM ET
LATAM group transported 7.4 million passengers in November
EX-99.1 to Form 6-K
Dec 3, 2025, 4:38 PM ET
Issuer of securities registered in the Securities Registry
EX-99.1 to Form 6-K
Nov 17, 2025, 6:11 AM ET
LATAM reports US$1,150 million in third quarter adjusted EBITDAR, reflecti ng sustained performance and disciplined execution
EX-99.1 to Form 6-K
Nov 17, 2025, 6:05 AM ET
LATAM AIRLINES GROUP S.A. AND SUBSIDIARIES
EX-99.1 to Form 6-K
Nov 12, 2025, 6:45 AM ET
LATAM group transported 7.7 million passengers in October
EX-99.1 to Form 6-K
Oct 17, 2025, 4:46 PM ET
Issuer of Securities Registered in the Securities Registry
EX-99.1 to Form 6-K
Oct 8, 2025, 4:22 PM ET
LATAM group increased capacity by 8.7% in September and continues to expand connectivity in Brazil
EX-99.1 to Form 6-K
Sep 29, 2025, 7:05 AM ET
Issuer of Securities Registered in the Securities Registry
EX-99.1 to Form 6-K
Sep 24, 2025, 7:39 PM ET
LATAM Announces Pricing of Equity Offering
EX-99.1 to Form 6-K
Sep 24, 2025, 7:37 PM ET
Issuer of securities registered in the Securities Registry
EX-99.1 to Form 6-K

Where these numbers come from

Parsed from the XBRL in Latam Airlines's annual and quarterly filings with the SEC
Fourth quarters derived from the annual report minus nine months
Every figure in the statements links to its source filing

Against peers

Trailing twelve months. Peers are matched on business description, industry and size. Ticks are peers, the dot is LTM.

Revenue growth11.2% · median 8.7%

Operating margin16.4% · median 0.1%

Net margin10.2% · median -0.9%

Company	Revenue	Growth
AAL	$58.34B	+7.5%
ALK	$14.76B	+9.8%
LTM	$14.27B	+11.2%
AZUL	–	–
CPA	–	–
RYAAY	–	–

Company

Exchange: NYSE
Industry: Air Transportation, Scheduled
Fiscal year ends: December 31
Employees: 41,125
Held by institutions: 0.0%
Auditor: PricewaterhouseCoopers ConsultoresAuditores y Compania Limitada
SEC CIK: 1047716

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