LATAM Airlines Discloses Planned Sixth Secondary Share Sale Request by Shareholder

The latest update is out from LATAM Airlines Group SA Sponsored ADR ( (LTM) ).

On February 9, 2026, LATAM Airlines Group disclosed that a shareholder has requested the initiation of a sixth secondary sale of the company’s shares under an existing Registration Rights Agreement, with the transaction intended to be a firm-commitment underwritten offering. The timing, size, and execution of this sale remain uncertain and will depend on market conditions, with the transaction expected to be carried out only in the United States and other jurisdictions outside Chile.

Also on February 9, 2026, the company announced it will file with the U.S. Securities and Exchange Commission a preliminary prospectus supplement to its shelf registration statement on Form F-3, along with a Form 6-K containing audited financial statements for the years ended December 31, 2023, 2024, and 2025. These filings are part of LATAM’s obligations to support the selling shareholder’s potential offering and underscore the airline’s continued access to international capital markets, though the move will not raise new capital for the company itself as it involves a secondary sale by an existing investor.

The most recent analyst rating on (LTM) stock is a Buy with a $73.00 price target. To see the full list of analyst forecasts on LATAM Airlines Group SA Sponsored ADR stock, see the LTM Stock Forecast page.

Spark’s Take on LTM Stock

According to Spark, TipRanks’ AI Analyst, LTM is a Outperform.

The score is driven primarily by strong operational/cash-flow performance and a positive outlook from management’s 2026 guidance, reinforced by bullish technical trends. Valuation is supportive with a moderate P/E and ~3% dividend yield. The main offset is elevated balance-sheet leverage, which raises risk if demand, fuel, or FX conditions deteriorate.

To see Spark’s full report on LTM stock, click here.

More about LATAM Airlines Group SA Sponsored ADR

LATAM Airlines Group S.A. is a major Latin American airline holding company based in Santiago, Chile, operating passenger and cargo services across domestic and international markets. The group serves key routes in South America and long-haul destinations, positioning itself as a leading carrier in the region with securities registered in multiple markets, including the United States.

Average Trading Volume: 954,352

Technical Sentiment Signal: Buy

Current Market Cap: $18.76B

Learn more about LTM stock on TipRanks’ Stock Analysis page.