LATAM Airlines Group
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LATAM Airlines Group (LTM) investor relations material

LATAM Airlines Group Investor presentation summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Investor presentation summary9 Feb, 2026

Market leadership and network

  • Holds #1 market share in South America, more than double the next largest carrier, and ranks as the 13th largest globally by seats flown in 2025.

  • Operates 351 passenger aircraft and 20 dedicated cargo aircraft, serving 170 destinations, including 10 cargo-only.

  • Connects 160 destinations in 27 countries, with over 50 global partnerships, and dominates capacity share to/from/within South America at 30% in 2025.

  • Maintains leading international and domestic market shares across South America, with strong positions on routes to North America, Europe, and Oceania.

Financial performance and guidance

  • Transported 87.4 million passengers in 2025, generating $14.5bn in revenue (+11.2% YoY) and $4.1bn in adjusted EBITDAR (+31.6% YoY).

  • Achieved an adjusted operating margin of 16.2% in 2025, with net income rising 49.4% to $1.46bn.

  • 2026 guidance targets 8–10% ASK growth, 15–17% adjusted operating margin, and over $1.7bn in levered free cash flow.

  • Liquidity expected to exceed $5.0bn in 2026, with net leverage at or below 1.4x.

  • 2027 aspirations include mid-to-high single-digit ASK growth, stable or expanding EBITDA margin, ROIC above 20%, and net leverage below 2.0x.

Strategic initiatives and differentiation

  • Focuses on customer-centric service, premium offerings, and operational excellence, earning multiple global awards including Skytrax and APEX Five Star.

  • Premium revenues have more than doubled since 2019, now accounting for 23% of passenger revenues, with 100% of flights offering premium seats.

  • LATAM Pass loyalty program leads South America with 54 million members and strong engagement.

  • Maintains a favorable cost structure, with 2025 passenger CASK ex-fuel at $4.4 cents, competitive with ultra low-cost carriers.

  • Drives efficiency through digital transformation, high aircraft utilization, and ongoing cost-saving initiatives.

Strategy for 5% South America passenger growth
Sustainment of CASK ex-fuel advantage vs GFSC
Target for premium revenue share of passenger revenue
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Next LATAM Airlines Group earnings date

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Q1 202628 Apr, 2026
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Frequently asked questions

LATAM Airlines Group S.A. is a Chilean airline holding company and the largest in Latin America. It operates a broad network of passenger and cargo services, covering destinations across the Americas, Europe, Oceania, and Africa. The company provides both domestic and international flights through its subsidiaries in Argentina, Brazil, Chile, Colombia, Ecuador, and Peru. LATAM Airlines Group focuses on providing a range of services from economy to premium classes, ensuring connectivity and efficient travel options for both individuals and businesses. The company is headquartered in Santiago, Chile, and its shares are listed on the NYSE.

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