LATAM Airlines Group SA Sponsored ADR (LTM)
NYSE:LTM
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Earnings Data
Report Date
Aug 11, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.59Last Year’s EPS
0.81Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveys a positive tone driven by record first-quarter results: strong top-line growth (+21.7% revenue), robust margins (~19.8% adjusted operating margin), healthy passenger demand and premium mix expansion, solid cash generation and a strong balance sheet (liquidity $4.1B, net leverage 1.3x). However, significant near-term headwinds from a sharp rise in jet fuel costs (>$700M expected in Q2), anticipated compression of Q2 margins to mid- to low single-digits, rising unit costs ex-fuel and limited forward visibility temper the outlook. Management is taking a conservative stance in guidance and positioning the company to withstand a volatile period. Overall, the strength of operating results and the balance sheet outweigh near-term fuel-driven risks, but the situation calls for cautious monitoring.Company Guidance
Record Quarterly Revenue and Profitability
Revenue reached $4.1 billion, a 21.7% increase year-over-year; adjusted EBITDA was $1.3 billion and adjusted operating margin expanded to 19.8% (up ~3 percentage points YoY), the highest quarterly operating margin in company history; net income was $576 million, up ~62% YoY, with a net margin around 14%.
Strong Demand and Load Factor
Group transported ~22.9 million passengers (close to 23 million), up 9.1% YoY; consolidated load factor was 85.3%, up 2 percentage points YoY; capacity grew 10.4% YoY.
Robust Unit Revenue Performance
Passenger unit revenues (RASK) increased 12.7% overall in USD; Brazil domestic passenger RASK rose 17% in USD (8% in local currency); Spanish-speaking affiliates passenger RASK increased ~25% in USD (19% in local currency); International passenger RASK increased 6.3%.
Premium Revenue Momentum and Loyalty Strength
Premium revenues grew 28% YoY and are increasing 14 percentage points faster than non-premium passenger revenues; premium now represents 27% of passenger revenues; LATAM Pass has 55 million members (2.6 million Elite) and ~60% of passenger revenues are generated by LATAM Pass members.
Strong Cash Generation and Liquidity
Adjusted operating cash flow of $858 million in the quarter; after CapEx net of financing and other items, generated close to $480 million and net cash generation of $391 million during the quarter; closed with liquidity of $4.1 billion.
Healthy Balance Sheet and Leverage
Adjusted net leverage of 1.3x at quarter end; more than $1.5 billion in unencumbered assets; no relevant short- and mid-term maturities; all debt under market conditions with no remaining Chapter 11 legacy; credit ratings in the BB category with positive outlook elements.
Operational and Product Differentiation Progress
Awarded 4-star Skytrax rating (first and only airline in Latin America at this level); rollout of wide-body Wi-Fi begun; lounge expansion and new premium comfort cabin planned; 13 Airbus A321XLRs ordered (deliveries from 2027) to support premium long-range deployment.
Focused and Prudent Guidance Framework
Replaced full-year guidance with a focused set of metrics reflecting scenario-based assumptions; updated adjusted EBITDA guidance of $3.8–$4.2 billion and expected net leverage <=1.8x, reflecting conservative planning given elevated volatility.
LATAM Airlines Group SA Sponsored ADR (LTM) Earnings, Revenues Date & History
LTM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
LTM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 05, 2026 | $46.21 | $51.79 | +12.09% |
Feb 03, 2026 | $67.66 | $64.07 | -5.31% |
Nov 14, 2025 | $44.40 | $43.67 | -1.64% |
Jul 28, 2025 | $40.64 | $41.63 | +2.44% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does LATAM Airlines Group SA Sponsored ADR (LTM) report earnings?
LATAM Airlines Group SA Sponsored ADR (LTM) is schdueled to report earning on Aug 11, 2026, After Close (Confirmed).
What is LATAM Airlines Group SA Sponsored ADR (LTM) earnings time?
LATAM Airlines Group SA Sponsored ADR (LTM) earnings time is at Aug 11, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LTM EPS forecast?
LTM EPS forecast for the fiscal quarter 2026 (Q2) is 0.59.