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LATAM Airlines Group SA Sponsored ADR
(NYSE:LTM)
LATAM Airlines Group SA Sponsored ADR (LTM) vs. SPDR S&P 500 ETF (SPY)
LATAM Airlines Group SA Sponsored ADR Business Overview & Revenue Model
LATAM Airlines Group SA Sponsored ADR Earnings Call Summary
LATAM Airlines Group SA Sponsored ADR Financial Statement Overview
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 14.27B | 12.83B | 11.64B | 9.36B | 4.88B |
| Gross Profit | 4.16B | 3.27B | 2.82B | 1.26B | -79.47M |
| EBITDA | 3.27B | 2.34B | 1.28B | 2.26B | -3.34B |
| Net Income | 1.46B | 976.97M | 581.83M | 1.34B | -4.65B |
Balance Sheet | |||||
| Total Assets | 17.64B | 15.25B | 14.67B | 13.21B | 13.29B |
| Cash, Cash Equivalents and Short-Term Investments | 2.17B | 1.96B | 1.85B | 1.35B | 1.12B |
| Total Debt | 8.09B | 7.15B | 7.04B | 6.87B | 10.54B |
| Total Liabilities | 16.30B | 14.54B | 14.23B | 13.18B | 20.36B |
| Stockholders Equity | 1.35B | 723.27M | 450.30M | 42.28M | -7.06B |
Cash Flow | |||||
| Free Cash Flow | 1.49B | 1.69B | 1.47B | -733.86M | -859.86M |
| Operating Cash Flow | 3.26B | 3.11B | 2.26B | 96.80M | -184.10M |
| Investing Cash Flow | -1.71B | -1.17B | -659.50M | -748.96M | -542.65M |
| Financing Cash Flow | -1.41B | -1.56B | -1.15B | 854.96M | 109.64M |
LATAM Airlines Group SA Sponsored ADR Technical Analysis
LATAM Airlines Group SA Sponsored ADR Risk Analysis
LATAM Airlines Group SA Sponsored ADR Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | $6.06B | 9.05 | 26.09% | 5.28% | 1.36% | 6.84% | |
77 Outperform | $16.29B | 12.16 | 140.98% | 3.50% | 6.81% | 58.22% | |
71 Outperform | $37.82B | 10.76 | 23.99% | ― | 4.24% | 20.29% | |
70 Outperform | $46.44B | 9.29 | 27.70% | 0.96% | 4.33% | -1.58% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | $26.92B | 69.18 | 4.82% | 1.73% | 0.65% | ― | |
47 Neutral | $9.31B | 80.37 | ― | ― | 1.27% | 118.64% |
LATAM Airlines Group SA Sponsored ADR Corporate Events
On February 11, 2026, LATAM Airlines Group S.A. reported to the U.S. Securities and Exchange Commission that it has entered into an underwriting agreement dated February 9, 2026, with J.P. Morgan Securities LLC and a selling shareholder for a secondary offering of 12,000,000 American Depositary Shares. The ADSs, each representing 2,000 common shares, will be issued by JPMorgan Chase Bank, N.A. under an existing deposit agreement, indicating a shareholder liquidity event rather than a new capital raise by LATAM, while reinforcing the company’s use of its automatic shelf registration to maintain access to U.S. capital markets.
The filing also includes a Chilean law opinion and related consent from Claro & Cia., underscoring the legal validity of the common shares underlying the ADSs for U.S. investors. By formalizing this secondary sale through a major underwriter and established ADR program, LATAM supports trading depth and institutional access to its equity, which may improve stock liquidity and visibility without immediately altering the company’s capital structure.
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.
LATAM Airlines Group reported that in January 2026 it transported 8.2 million passengers, a 9.0% increase from January 2025, with its system-wide passenger load factor improving to 86.4%. Consolidated capacity grew 11.1% year over year, led by a 15.3% expansion in international operations and double‑digit capacity growth in LATAM Airlines Brazil’s domestic market.
Passenger traffic in revenue passenger-kilometers rose 13.3% compared with a year earlier, with international routes and Brazil domestic services delivering the strongest gains. In cargo, capacity measured in available ton-kilometers increased 6.4% and 83 thousand tons were transported, though cargo load factor declined by 4 percentage points, highlighting a contrast between robust passenger momentum and more mixed conditions in freight demand.
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.
On February 9, 2026, LATAM Airlines Group S.A. disclosed that a shareholder initiated the sixth secondary sale under an existing registration rights agreement, involving 12,000,000 of the company’s ADRs. The ADRs were priced at US$61.90 each, equivalent to CLP$52,878.075 per ADR based on the Central Bank of Chile’s observed exchange rate for publication on February 10, 2026, and payment for the transaction is scheduled for February 11, 2026.
LATAM, the selling shareholder, and JP Morgan Securities LLC, acting as underwriter, signed the underwriting contract on February 9, 2026, with Sixth Street Partners identified as the selling shareholder. The transaction represents a significant liquidity event for the shareholder but does not constitute a primary issuance by the company, implying no direct dilution for existing shareholders while potentially broadening the ADR investor base and enhancing trading liquidity.
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.
On February 9, 2026, LATAM Airlines Group S.A. said a shareholder priced a public secondary offering of 12,000,000 American Depositary Shares at $61.90 per ADS, with J.P. Morgan Securities LLC acting as underwriter. The transaction, expected to close on February 11, 2026 subject to customary conditions, will not raise new capital for LATAM itself, as the company is not selling shares and will receive no proceeds from the deal.
The ADS sale allows an existing investor to reduce its stake and could broaden LATAM’s U.S. shareholder base by increasing the free float of its sponsored ADRs. While neutral for the company’s near-term balance sheet, the move may enhance trading liquidity and visibility in international capital markets for the South American airline group.
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.
LATAM Airlines Group S.A. has filed a Form 6-K in February 2026, incorporating into its existing F-3 shelf registration a fresh set of audited consolidated financial statements for the years ended December 31, 2025, 2024 and 2023. The filing also includes management’s discussion and analysis for 2025 and 2024 and a management report on internal control over financial reporting, alongside the external auditor’s consent, effectively updating investors on the company’s financial condition and confirming the auditor’s opinion that both its IFRS financials and internal controls were fairly presented and effective as of year-end 2025.
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.
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.
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.
On February 3, 2026, LATAM Airlines Group S.A. filed a Form 6-K with the U.S. Securities and Exchange Commission providing its interim consolidated financial statements as of December 31, 2025. The filing, signed by Chief Financial Officer Ricardo Bottas, makes available detailed audited consolidated financial information, including statements of financial position, income, cash flows and extensive notes on accounting policies, risk management, tax, contingencies and commitments. The release enhances financial transparency for U.S. and international investors and supports ongoing regulatory compliance, offering stakeholders a comprehensive view of LATAM’s financial condition and capital structure at year-end 2025.
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.
On February 3, 2026, LATAM Airlines Group reported its full-year and fourth-quarter 2025 results, highlighting an 11.2% increase in annual revenue to US$14.5 billion and a 49.4% jump in net income attributable to shareholders to US$1.5 billion, supported by an 8.2% capacity expansion and transport of 87.4 million passengers. Adjusted EBITDAR rose 31.6% to US$4.1 billion with margin improving to 28.2%, while fourth-quarter adjusted EBITDAR reached US$1.1 billion and net income margin increased to 11.2%, underscoring strong operational performance, cost discipline and premium revenue growth nearly double 2019 levels. The group generated more than US$1.5 billion in adjusted levered free cash flow in 2025, enabling US$585 million in share repurchases and substantial dividend payments during the year, while reducing adjusted net leverage to 1.5x and maintaining liquidity at 25.7% of last twelve months’ revenues, reinforcing balance-sheet resilience. Management emphasized a differentiated strategy built on choice, dependability and care, an improved customer experience including a redesigned premium business cabin, and strong employee engagement, while a raft of international awards for both passenger and cargo operations strengthened LATAM’s brand and competitive positioning across its core South American markets.
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.
On January 12, 2026, LATAM Airlines Group reported that it transported 87.4 million passengers in 2025, a 6.6% increase versus 2024, underscoring continued recovery and expansion driven primarily by Brazil’s domestic market and international operations. In December 2025 alone, the airline carried 7.9 million passengers, up 7.6% year-on-year, while system capacity in available seat-kilometers rose 10.9% and traffic in revenue passenger-kilometers climbed 10.5%, yielding a consolidated load factor of 84.5%. The group expanded its network during the year with eight new destinations and, in December, launched 10 new routes including two long-haul services—Santiago–Buenos Aires (Ezeiza)–Miami and Guayaquil–New York—strengthening its regional and long-haul connectivity. Cargo operations showed stable capacity, with 731 million available ton-kilometers in December and modest full-year growth in cargo traffic, reflecting a balanced expansion between passenger growth and freight activity across the network.
The most recent analyst rating on (LTM) stock is a Buy with a $60.00 price target. To see the full list of analyst forecasts on LATAM Airlines Group SA Sponsored ADR stock, see the LTM Stock Forecast page.
In November 2025, LATAM Airlines Group reported a 4.9% increase in passenger numbers, transporting 7.4 million passengers. The company expanded its capacity by 4.6% compared to November 2024, driven by a notable 11.4% increase in LATAM Airlines Brazil’s domestic capacity and a 4.0% rise in international operations, including new routes from Santiago to Belo Horizonte and Bogotá to Belém. Despite a slight decrease in the overall load factor to 85.4%, the domestic market in Brazil showed a strong 12.1% year-over-year increase in traffic. Cargo operations also saw a modest 1.0% increase in capacity. These developments reflect LATAM’s strategic growth in the region and its efforts to enhance connectivity, potentially benefiting stakeholders through increased market reach and operational efficiency.
The most recent analyst rating on (LTM) stock is a Buy with a $58.50 price target. To see the full list of analyst forecasts on LATAM Airlines Group SA Sponsored ADR stock, see the LTM Stock Forecast page.
On December 3, 2025, LATAM Airlines Group S.A. announced the approval of an interim dividend distribution, Dividend No. 54, amounting to US$400 million, to be paid on December 23, 2025. This decision reflects the company’s financial performance for the 2025 fiscal year and underscores its commitment to returning value to shareholders. Shareholders registered by December 17, 2025, will be eligible for this dividend, which will be disbursed in Chilean pesos based on the exchange rate published on December 17, 2025. This announcement highlights LATAM’s strong financial position and its ongoing efforts to maintain shareholder confidence.
The most recent analyst rating on (LTM) stock is a Buy with a $60.00 price target. To see the full list of analyst forecasts on LATAM Airlines Group SA Sponsored ADR stock, see the LTM Stock Forecast page.