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LATAM Airlines Shareholder Launches Secondary Offering of 9 Million ADSs

Story Highlights
  • LATAM Airlines leads Latin American air travel and cargo markets with a broad regional and long‑haul network and a mixed Boeing‑Airbus fleet.
  • On February 9, 2026, a LATAM shareholder launched a 9 million ADS secondary sale, altering ownership dynamics without raising new capital for the airline.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
LATAM Airlines Shareholder Launches Secondary Offering of 9 Million ADSs

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LATAM Airlines Group SA Sponsored ADR ( (LTM) ) has provided an update.

LATAM Airlines Group S.A., the leading passenger and cargo carrier in Latin America, operates in key domestic markets across the region and serves long‑haul routes to North America, Europe, Africa, Oceania and the Caribbean with a mixed Boeing and Airbus fleet. The group also runs dedicated cargo subsidiaries in Chile, Colombia and Brazil, which deploy 20 freighter aircraft and use the cargo holds of LATAM’s passenger jets on both network and exclusive cargo routes.

On February 9, 2026, LATAM announced that one of its shareholders launched a public offering of 9,000,000 American Depositary Shares, each equal to 2,000 common shares, at a time when the last reported ADS price on February 6, 2026 was $64.84. The company is not selling shares or receiving any proceeds from this secondary sale, underscoring that the transaction reflects a change in shareholder positioning rather than new capital raising by LATAM and could affect trading liquidity and ownership structure without directly altering its balance sheet.

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 the leading passenger and cargo airline group in Latin America, operating in five domestic markets—Brazil, Chile, Colombia, Ecuador and Peru—and offering extensive international services across Latin America, the Caribbean, North America, Europe, Africa and Oceania. Its diversified fleet includes widebody Boeing 767, 777 and 787 aircraft and Airbus A319, A320, A320neo, A321 and A321neo jets, supplemented by short‑term leased Airbus 330s and a dedicated cargo arm with 20 freighters plus bellyhold capacity across the network.

Average Trading Volume: 954,352

Technical Sentiment Signal: Buy

Current Market Cap: $18.76B

See more data about LTM stock on TipRanks’ Stock Analysis page.

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