LATAM Airlines Group S.A.

LTM

Market cap $14.8B

LTM posts double-digit April 2026 traffic and capacity growth, signaling growth across all segments, along with a surge in domestic and international markets.

LTM's first-quarter 2026 revenues benefit from increases in passenger revenues and cargo revenues.

LATAM Airlines Group NYSE: LTM reported record first-quarter 2026 financial results, driven by strong passenger demand, higher unit revenues and disciplined cost execution, while management warned that a sharp rise in jet fuel prices is expected to weigh on results beginning in the second quarter.

LATAM Airlines (LTM) receives an upgraded rating post-Q1, driven by strong execution and attractive valuation despite sector headwinds. LTM delivered a robust Q1 with 21% YoY revenue growth, 40%+ adj. operating income growth, and resilient margins despite fuel price volatility. Premium revenue surged 28% YoY, and LTM generated nearly $500M in free cash flow after CapEx and interest, maintaining healthy liquidity and leverage.

LATAM Airlines Group S.A. (LTM) Q1 2026 Earnings Call Transcript

LATAM Airlines remains a Buy despite recent fuel price shocks, supported by strong demand, pricing power, and favorable FX dynamics. LTM's premium revenue mix, rational competition, and significant Brazilian exposure provide resilience against margin pressure from elevated jet fuel costs. With 40% of 2026 fuel hedged and robust BRL strength, LTM can partially offset fuel headwinds, limiting margin compression to mid-20s EBITDA.

LTM posts double-digit March 2026 traffic and capacity growth, signaling growth across all segments, along with a surge in domestic and international markets.

MUMBAI, India--(BUSINESS WIRE)---- $LTM #AI--LTM has been recognized as a Leader in multiple quadrants in the ISG Provider Lens™ Oracle Cloud and Technology Ecosystem 2025 reports.

LATAM Airlines Group S.A. (LTM) Presents at JPMorgan Industrials Conference 2026 Transcript

MUMBAI, India & WARREN, N.J.--(BUSINESS WIRE)---- $LTM #AI--LTM, today announced the expansion of BlueVerse™ Tech, its AI-led engineering platform, with the launch of AppIQ, AgentIQ and FusionIQ.