Research analysts who have asked questions during LATAM AIRLINES GROUP earnings calls.
Guilherme Mendes
J.P. Morgan Chase & Co.
6 questions for LTM
Also covers: ASR, AZUL, CAAP +4 more
Gabriel Rezende
Itau BBA
5 questions for LTM
Also covers: AZUL, ERJ, IOCJY
JS
Jens Spiess
Morgan Stanley
5 questions for LTM
Also covers: ASR, CPA, PAC +1 more
ML
Michael Linenberg
Deutsche Bank
4 questions for LTM
Also covers: AAL, ALGT, ALK +12 more
Pablo Monsivais
Barclays
3 questions for LTM
Also covers: ASR, PAC, VLRS +1 more
Stephen Trent
Citigroup Inc.
3 questions for LTM
Also covers: AAL, AER, AL +14 more
AF
Andre Ferreira
Bradesco BBI
2 questions for LTM
Also covers: AZUL, ERJ
ES
Ewald Stark
BICE
2 questions for LTM
FB
Felipe Ballevona
Santander
2 questions for LTM
ML
Mike Lindenberg
Deutsche Bank
2 questions for LTM
Also covers: DAL, JBLU, LUV +3 more
ES
Ewald Stark Bittencourt
BICE Investors
1 question for LTM
Also covers: BCH
João Francisco Frizo
Goldman Sachs
1 question for LTM
Also covers: ASR, AZUL
Recent press releases and 8-K filings for LTM.
LATAM Airlines Group Reports Strong Full-Year 2025 Results with Increased Net Income and Capacity
LTM
Earnings
Dividends
Share Buyback
- LATAM Airlines Group reported a net income of US$1.5 billion for the full year 2025, a 49.4% increase compared to 2024, with diluted earnings per ADS of US$4.95.
- Total revenues for FY 2025 reached US$14.5 billion, up 11.2% year-over-year, driven by an 8.2% increase in capacity and 87.4 million passengers transported.
- For the fourth quarter of 2025, total operating revenues increased 16.3% to US$3,949 million, and net income attributable to owners of the parent company rose 78.1% to US$484 million.
- The company generated US$4.1 billion in adjusted EBITDAR for 2025, a 31.6% increase from 2024, achieving an adjusted EBITDAR margin of 28.2%.
- Strong cash generation of US$1.4 billion in 2025 allowed for US$585 million in share repurchases and US$693 million in total dividends. Adjusted net leverage improved to 1.5x at year-end 2025.
2 hours ago
LATAM Airlines Group S.A. Reports FY 2025 Financial Results and Capital Actions
LTM
Earnings
Share Buyback
Dividends
- For the year ended December 31, 2025, LATAM Airlines Group S.A. reported a net income of ThUS$1,463,561 and net cash inflow from operating activities of ThUS$3,737,096.
- The company reduced its share capital by US$585,424,212 through the cancellation of 30,221,893,878 treasury shares in October 2025. This followed the approval of a new share repurchase program in June 2025 for up to 3.4% of outstanding shares.
- Total Property, plant and equipment increased to ThUS$11,947,014 as of December 31, 2025. Concurrently, total obligations with financial institutions rose to ThUS$8,088,526 by the same date.
- The company paid dividends totaling ThUS$605,181 for the year ended December 31, 2025.
- LATAM Airlines Group S.A. recognized losses of US$19.1 million from fuel hedging activities, net of premiums, in the costs of sales for the year ended December 31, 2025.
2 hours ago
LATAM Airlines Group S.A. Reports Strong 2025 Operating Statistics
LTM
Revenue Acceleration/Inflection
New Projects/Investments
- LATAM group transported 87.4 million passengers in 2025, marking a 6.6% increase compared to 2024.
- In December 2025, consolidated capacity (ASK) increased by 10.9%, and consolidated traffic (RPK) grew by 10.5%, leading to a consolidated load factor of 84.5%.
- This December growth was primarily driven by a 13.9% increase in international operations and an 11.9% growth in LATAM Airlines Brazil's domestic capacity.
- During 2025, the group launched eight new destinations, expanding its network to 160 passenger destinations across 27 countries.
Jan 12, 2026, 11:10 AM
LATAM Airlines Outlines 2026 Guidance and Strategic Growth Initiatives at Investor Day 2025
LTM
Guidance Update
Revenue Acceleration/Inflection
New Projects/Investments
- LATAM Airlines provided 2026 guidance, projecting 8% to 10% capacity growth, an adjusted operating margin between 15% and 17%, cash generation above $1.7 billion, liquidity above $5 billion, and net leverage at or below 1.4 times.
- The company forecasts $14.5 billion in revenues for 2025, outpacing capacity growth with a 2% increase in revenue per ASK.
- A key strategic focus is digitalization and premium revenue growth, with 60% of revenues now coming from LATAM Pass members and premium revenues growing 14% in 2025.
- LATAM is committed to cost efficiency, projecting almost flat unit costs for 2025 and 2026, and plans to fund profitable growth with a $1.5 billion CapEx plan in 2025.
- Shareholder returns are prioritized, with a commitment to minimum 30% dividends and $400 million in interim dividends approved for 2025, alongside share buyback programs.
Dec 9, 2025, 2:30 PM
LATAM Airlines Group Outlines Growth Strategy and Financial Outlook at Investor Day 2025
LTM
Guidance Update
New Projects/Investments
Dividends
- LATAM Airlines Group provided 2026 guidance projecting 8% to 10% capacity growth, an adjusted operating margin between 15% and 17%, and cash generation exceeding $1.7 billion.
- The company plans significant fleet expansion with 41 aircraft deliveries confirmed for 2026, including 3 widebodies, 26 narrow bodies, and 12 Embraer E2s, contributing to approximately 9% blended capacity growth.
- LATAM reported robust revenue growth in 2025, with premium revenues increasing 14% and ancillary revenues growing 20%, alongside an improved Net Promoter Score (NPS) by 22 points since 2019.
- The company highlighted strong financial discipline, expecting net leverage to be below 1.5x by the end of 2025 and having reduced its cost of debt by over 400 basis points in the last two years, resulting in over $150 million in annual interest savings.
- LATAM's capital allocation framework prioritizes profitable growth, maintaining a strong balance sheet, and enhancing shareholder returns, including a minimum 30% dividend policy and an interim dividend of $400 million paid in 2025.
Dec 9, 2025, 2:30 PM
LATAM Airlines Group Presents 2026 Guidance and 2027 Aspirations at Investor Day
LTM
Guidance Update
New Projects/Investments
Dividends
- LATAM Airlines Group provided 2026 guidance, projecting capacity growth between 8% and 10%, adjusted operating margin between 15% and 17%, cash generation above $1.7 billion, and liquidity above $5 billion. For 2027, aspirations include return on invested capital above 20%.
- The company expects net leverage to be at or below 1.4 times for 2025 and 2026, and has reduced its cost of debt by over 400 basis points in the last two years, resulting in over $150 million annually in interest savings.
- LATAM plans to return value to shareholders through a minimum of 30% dividends and executed a $400 million interim dividend in 2025, alongside share buyback programs. The company is also expanding its fleet with three new 787 wide bodies in 2026 and 41 total deliveries in 2026, including 12 Embraer aircraft, supporting premium revenue growth of 14% in 2025 and ancillary revenue growth of 20% in 2025.
Dec 9, 2025, 2:30 PM
LATAM Airlines Group Reports November 2025 Operating Statistics
LTM
Revenue Acceleration/Inflection
- LATAM Airlines Group transported 7.4 million passengers in November 2025, representing a 4.9% year-over-year increase.
- Consolidated capacity, measured in available seat-kilometers (ASK), increased by 4.6% in November 2025 compared to the same month in 2024, driven by an 11.4% increase in LATAM Airlines Brazil’s domestic capacity and a 4.0% rise in international operations.
- Consolidated traffic, measured in revenue passenger-kilometers (RPK), rose 3.6% in November 2025, resulting in a system-wide load factor of 85.4%.
- Cargo capacity, measured in available ton-kilometers (ATK), saw a 1.0% increase in November 2025 compared to the prior year.
Dec 8, 2025, 11:28 AM
LATAM Airlines Group Reports Strong Q3 2025 Results and Updates Full-Year Guidance
LTM
Earnings
Guidance Update
Share Buyback
- LATAM Airlines Group reported strong Q3 2025 financial results, with total revenues reaching $3.9 billion, an increase of 17.3% year over year, and net income totaling $379 million. The adjusted operating margin expanded to 18.1%, and adjusted EBITDA reached $1.15 billion.
- Operationally, the group transported over 22.9 million passengers with capacity growing 9.3% year over year and consolidated load factors of 85.4%. Passenger unit revenues increased by 8.4% year over year while unit costs remained broadly stable.
- The company updated its full-year 2025 guidance, projecting adjusted EBITDA between $4 billion-$4.1 billion, approximately 9% higher than previous estimates, and a forecasted year-end leverage of 1.4 times.
- LATAM executed a $433 million share repurchase program in Q3 2025 and announced the acquisition of up to 74 Embraer E2 aircraft to enhance regional connectivity, with 24 E2s scheduled for delivery in Q4 2026 and 2027. The group aims for high single-digit consolidated capacity growth in 2026.
Nov 17, 2025, 1:00 PM
LATAM Airlines Group Reports Strong Q3 2025 Results, Raises Full-Year EBITDAR Guidance
LTM
Earnings
Guidance Update
Share Buyback
- LATAM Airlines Group reported strong Q3 2025 financial results, with total revenues reaching $3.9 billion, a 17.3% increase year-over-year, and net income totaling $379 million, up 26% year-over-year.
- The company's adjusted operating margin expanded to 18.1%, and adjusted EBITDAR reached $1.15 billion during the quarter.
- Operationally, LATAM transported over 22.9 million passengers with capacity growing 9.3% year-over-year and consolidated load factors of 85.4%.
- LATAM updated its full-year 2025 guidance, refining adjusted EBITDAR to be between $4 billion-$4.1 billion, approximately 9% higher than previous guidance, and forecasting year-end leverage at 1.4 times.
- Strategic initiatives include the execution of a $433 million share repurchase program and an agreement for the acquisition of up to 74 Embraer E2 aircrafts to enhance regional connectivity and fuel efficiency.
Nov 17, 2025, 1:00 PM
LATAM Airlines Group Reports Strong Q3 2025 Results and Updates Full-Year Guidance
LTM
Earnings
Guidance Update
Share Buyback
- LATAM Airlines Group reported strong financial results for Q3 2025, with total revenues reaching $3.9 billion, an increase of 17.3% year over year, and net income totaling $379 million. The adjusted operating margin expanded to 18.1%, and adjusted EBITDA reached $1.15 billion.
- Operationally, the company transported over 22.9 million passengers in Q3 2025, with capacity growing by 9.3% year over year and consolidated load factors at 85.4%. Passenger unit revenues (RASC) increased by 8.4%.
- During the quarter, LATAM executed its second share repurchase program for a total of $433 million.
- The company signed a major agreement for the acquisition of up to 74 Embraer E2 aircraft, with 24 E2s confirmed for delivery starting in Q4 2026, enhancing regional connectivity and contributing to an order book exceeding 140 aircraft through 2030.
- LATAM updated its full-year 2025 Adjusted EBITDA guidance to a range of $4 billion-$4.1 billion, approximately 9% higher than previous estimates, and the forecasted leverage for year-end is now 1.4 times.
Nov 17, 2025, 1:00 PM
Quarterly earnings call transcripts for LATAM AIRLINES GROUP.
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