LTM
LATAM Airlines Group S.A.
NYSE: LTM · INDUSTRIALS · AIRLINES
$46.91
-3.28% today
Updated 2026-04-29
Market cap
$13.73B
P/E ratio
9.48
P/S ratio
0.96x
EPS (TTM)
$4.95
Dividend yield
—
52W range
$31 – $70
Volume
1.2M
LATAM Airlines Group S.A. (LTM) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.03B | $3.52B | $4.10B | $3.52B | $4.39B | $5.55B | $9.72B | $12.92B | $12.09B | $9.74B | $8.99B | $9.61B | $9.90B | $10.07B | $3.92B | $4.88B | $9.36B | $11.64B | $12.83B | $14.27B |
| Revenue growth (YoY) | — | +16.2% | +16.2% | -14.1% | +24.8% | +26.5% | +75.0% | +32.9% | -6.4% | -19.5% | -7.7% | +7.0% | +2.9% | +1.8% | -61.0% | +24.5% | +91.7% | +24.3% | +10.2% | +11.2% |
| Cost of revenue | $2.20B | $2.18B | $2.89B | $2.52B | $3.01B | $4.08B | $7.64B | $10.06B | $9.62B | $7.64B | $6.97B | $7.44B | $7.77B | $7.95B | $3.65B | $4.96B | $8.10B | $8.82B | $9.57B | $10.10B |
| Gross profit | $833.87M | $1.35B | $1.23B | $996.38M | $1.38B | $1.51B | $2.08B | $2.87B | $2.47B | $2.10B | $2.02B | $2.17B | $2.12B | $2.12B | $275.19M | $-79.47M | $1.26B | $2.82B | $3.27B | $4.16B |
| Gross margin | 27.5% | 38.3% | 30.1% | 28.3% | 31.4% | 27.1% | 21.4% | 22.2% | 20.4% | 21.6% | 22.5% | 22.6% | 21.4% | 21.0% | 7.0% | -1.6% | 13.4% | 24.3% | 25.5% | 29.2% |
| R&D | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| SG&A | $1.30B | $489.55M | $1.09B | $155.13M | $331.83M | $1.01B | $869.50M | $1.14B | $980.66M | $878.01M | $872.95M | $938.93M | $721.27M | $735.22M | $499.51M | $439.49M | $576.43M | $683.31M | $824.49M | $870.48M |
| Operating income | $302.62M | $413.37M | $471.93M | $300.77M | $628.29M | $404.67M | $246.22M | $585.81M | $541.42M | $448.54M | $493.30M | $706.78M | $940.48M | $753.13M | $-4.53B | $-3.43B | $1.21B | $1.08B | $1.54B | $2.34B |
| Operating margin | 10.0% | 11.7% | 11.5% | 8.5% | 14.3% | 7.3% | 2.5% | 4.5% | 4.5% | 4.6% | 5.5% | 7.4% | 9.5% | 7.5% | -115.5% | -70.1% | 12.9% | 9.3% | 12.0% | 16.4% |
| EBITDA | $471.68M | $598.17M | $826.68M | $699.81M | $625.32M | $912.45M | $1.21B | $1.22B | $1.47B | $987.86M | $1.41B | $1.77B | $1.72B | $711.36M | $-4.58B | $-3.34B | $2.26B | $1.28B | $2.34B | $3.27B |
| EBITDA margin | 15.5% | 17.0% | 20.2% | 19.9% | 14.2% | 16.4% | 12.5% | 9.5% | 12.1% | 10.1% | 15.7% | 18.4% | 17.3% | 7.1% | -116.6% | -68.3% | 24.1% | 11.0% | 18.2% | 23.0% |
| EBIT | $348.88M | $444.32M | $572.82M | $395.75M | $289.34M | $518.14M | $422.51M | $179.83M | $493.08M | $56.05M | $493.30M | $767.03M | $940.48M | $731.85M | $-4.52B | $-3.28B | $2.29B | $1.29B | $1.54B | $2.34B |
| Interest expense | $60.74M | $76.22M | $82.69M | $153.11M | $155.28M | $139.08M | $260.23M | $462.52M | $422.62M | $412.21M | $415.99M | $393.04M | $539.14M | $589.93M | $586.98M | $805.54M | $911.83M | $682.89M | $820.85M | $720.27M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $241.30M | $308.32M | $335.74M | $231.13M | $419.70M | $320.20M | $10.96M | $-281.11M | $-109.79M | $-219.27M | $69.22M | $155.30M | $181.94M | $190.43M | $-4.55B | $-4.65B | $1.34B | $581.83M | $976.97M | $1.46B |
| Net income growth (YoY) | — | +27.8% | +8.9% | -31.2% | +81.6% | -23.7% | -96.6% | -2665.8% | +60.9% | -99.7% | +131.6% | +124.4% | +17.1% | +4.7% | -2487.2% | -2.2% | +128.8% | -56.6% | +67.9% | +49.4% |
| Profit margin | 8.0% | 8.7% | 8.2% | 6.6% | 9.6% | 5.8% | 0.1% | -2.2% | -0.9% | -2.3% | 0.8% | 1.6% | 1.8% | 1.9% | -115.9% | -95.2% | 14.3% | 5.0% | 7.6% | 10.2% |