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LATAM Airlines Group SA
F:LFL

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LATAM Airlines Group SA Logo
LATAM Airlines Group SA
F:LFL
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Price: 24 EUR 5.26% Market Closed
Market Cap: €7.3B

LATAM Airlines Group SA
Investor Relations

LATAM Airlines Group SA is a passenger and cargo airline company based in Latin America. It flies people and freight on routes within South America and between the region and destinations in North America, Europe, and elsewhere. The company also sells related services such as checked bags, seat upgrades, loyalty program benefits, and cargo transport. Its main customers are travelers, businesses, freight forwarders, and companies that need to move goods by air. Most of the money comes from ticket sales, cargo shipments, and fees tied to travel services and loyalty programs. Because airlines are a high-fixed-cost business, LATAM depends on filling seats and aircraft with enough paying passengers and freight to spread those costs over more trips. What makes LATAM’s role different is its position as one of the largest airline groups in the region, with a network built around Latin American travel flows. It acts as a transport link between major cities, tourist markets, and commercial hubs, and it also helps move time-sensitive cargo such as perishables and parts. That mix of passenger service and air freight gives it two closely related revenue streams tied to the same flight network.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
May 6, 2026
AI Summary
Q1 2026

Record quarter: LATAM posted record quarterly results, with revenue of $4.1 billion, adjusted EBITDA of $1.3 billion, and adjusted operating margin of 19.8%, the highest in company history.

Demand held up: Management said demand stayed strong and stable across the network, with 22.9 million passengers, load factor at 85.3%, and premium and corporate traffic remaining resilient.

Fuel pressure ahead: Higher jet fuel prices did not materially hit first-quarter results, but management said the impact will be more visible in Q2 and expects more than $700 million of additional fuel expense in the quarter.

Guidance narrowed: LATAM replaced its full-year 2026 guidance with a more focused set of metrics because of uncertainty, especially around fuel and capacity decisions in the region.

Balance sheet strength: The company highlighted $4.1 billion of liquidity, adjusted net leverage of 1.3x, and no meaningful near-term maturities, saying it is in the strongest financial position in its history.

Premium mix rising: Premium revenues rose 28% year over year and reached 27% of passenger revenues, with management saying this trend has been building for several quarters.

Key Financials
Revenue
$4.1 billion
Adjusted EBITDA
$1.3 billion
Adjusted operating margin
19.8%
Net income
$576 million
Passengers
22.9 million
Capacity
up 10.4%
Load factor
85.3%
Passenger RASK
up 12.7%
Passenger CASK ex fuel
$0.045
Fuel price impact
about $40 million
Adjusted operating cash flow
$858 million
Net cash generation
$391 million
Liquidity
$4.1 billion
Adjusted net leverage
1.3x
Unencumbered assets
more than $1.5 billion
Premium revenues
up 28%
Premium passenger revenue share
27%
LATAM Pass members
55 million
Elite members
2.6 million
Passenger revenues from LATAM Pass members
close to 60%
Other Earnings Calls

Management

Mr. Roberto Alvo Milosawlewitsch
Chief Executive Officer
No Bio Available
Mr. Ramiro Diego Alfonsin Balza
Chief Financial Officer
No Bio Available
Mr. Hernan Pasman
Chief Operating Officer
No Bio Available
Mr. Andrés Del Valle Eitel
Senior Vice President of Corporate Finance
No Bio Available
Ms. Tori Creighton
Head of Investor Relations
No Bio Available
Mr. Juan Carlos Menció J.D.
Chief Legal Officer
No Bio Available
Mr. Emilio del Real Sota
Chief People Officer
No Bio Available
Mr. Paulo Miranda
Chief Customer Officer
No Bio Available
Ms. Juliana Rio
Chief Digital & IT Officer
No Bio Available
Mr. Juan Jose Toha
Director of Corporate Affairs & Sustainability
No Bio Available

Contacts

Address
SANTIAGO
Renca
Av. Americo Vespucio Sur 901
Contacts
+56225652525.0
www.latam.com
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