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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 | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 13.19B | 12.83B | 11.64B | 9.36B | 4.88B | 4.33B |
| Gross Profit | 3.56B | 3.27B | 2.82B | 1.26B | -79.47M | -444.11M |
| EBITDA | 2.92B | 2.34B | 2.50B | 3.47B | -2.11B | -3.13B |
| Net Income | 1.17B | 976.97M | 581.83M | 1.34B | -4.65B | -4.55B |
Balance Sheet | ||||||
| Total Assets | 16.58B | 15.25B | 14.67B | 13.21B | 13.31B | 15.65B |
| Cash, Cash Equivalents and Short-Term Investments | 2.09B | 1.96B | 1.85B | 1.72B | 1.12B | 1.75B |
| Total Debt | 7.51B | 7.15B | 7.04B | 6.78B | 10.40B | 10.85B |
| Total Liabilities | 15.68B | 14.54B | 14.23B | 13.18B | 20.38B | 18.09B |
| Stockholders Equity | 913.64M | 723.27M | 450.30M | 42.28M | -7.06B | -2.44B |
Cash Flow | ||||||
| Free Cash Flow | 1.20B | 1.69B | 1.40B | -733.86M | -859.86M | -894.39M |
| Operating Cash Flow | 3.12B | 3.11B | 2.26B | 96.80M | -184.10M | -494.70M |
| Investing Cash Flow | -1.73B | -1.17B | -659.50M | -748.96M | -542.65M | 33.61M |
| Financing Cash Flow | -1.18B | -1.56B | -1.15B | 854.96M | 109.64M | 1.12B |
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 | $34.89B | 10.59 | 27.70% | ― | 4.23% | 13.13% | |
81 Outperform | $4.74B | 7.45 | 26.60% | 5.60% | -0.69% | -5.49% | |
80 Outperform | $40.08B | 8.90 | 30.07% | 1.04% | 3.01% | -0.90% | |
72 Outperform | $14.10B | 12.70 | 161.29% | 2.12% | 5.64% | 63.23% | |
66 Neutral | $8.54B | 16.41 | -21.27% | ― | 1.50% | ― | |
63 Neutral | $10.70B | 15.26 | 7.37% | 2.02% | 2.87% | -14.59% | |
58 Neutral | $16.65B | 47.68 | 4.30% | 2.31% | 1.64% | 284.24% |
LATAM Airlines Group SA Sponsored ADR Corporate Events
On September 8, 2025, LATAM Airlines Group S.A. entered into an underwriting agreement with Goldman Sachs & Co. LLC and Barclays Capital Inc. to sell 7,000,000 American Depositary Shares (ADS), each representing 2,000 common shares of the company. This move is part of the company’s strategic financial initiatives and is expected to impact its market positioning by potentially increasing liquidity and shareholder base.
On September 8, 2025, LATAM Airlines Group S.A. announced the pricing of a public secondary offering by one of its shareholders, involving 7,000,000 American Depositary Shares (ADSs) at $47.60 per ADS. The company will not receive any proceeds from this sale, which is expected to close on September 10, 2025, subject to customary conditions. This offering, underwritten by Goldman Sachs & Co. LLC and Barclays Capital Inc., does not involve the sale of shares by LATAM itself, indicating no immediate impact on the company’s cash flow but potentially affecting shareholder composition.
On September 8, 2025, LATAM Airlines Group S.A. announced a request from one of its shareholders for a fourth secondary sale of shares under a registration rights agreement. This sale, subject to market conditions, will be guaranteed by a firm underwriting commitment and is expected to occur in the United States and other jurisdictions outside of Chile. The exact date of the sale remains uncertain, as the selling shareholder holds the authority to determine or modify the timing and size of the sale.
On September 8, 2025, LATAM Airlines Group S.A. announced a significant financial transaction involving the sale of 7,000,000 American Depositary Receipts (ADRs) at a price of $47.60 per ADR. This transaction, part of the fourth secondary sale under a registration rights agreement, involves the selling shareholder Sixth Street Partners and underwriters Goldman Sachs & Co. LLC and Barclays Capital Inc. The sale is set to be completed with payment on September 10, 2025, potentially impacting the company’s market positioning and shareholder value.
On September 8, 2025, LATAM Airlines Group S.A. announced that a shareholder initiated a public offering to sell 6,000,000 American Depositary Shares (ADSs), each representing 2,000 common shares of LATAM. The company itself is not selling any shares and will not receive proceeds from this sale. The offering is underwritten by Goldman Sachs & Co. LLC and Barclays Capital Inc. This move is part of the company’s ongoing efforts to enhance its market presence and financial strategy, although it does not directly impact the company’s finances.
In August 2025, LATAM Airlines Group reported a 9.4% increase in capacity, measured in available seat-kilometers, compared to the same period in 2024. This growth was driven by a 12.0% rise in international operations and an 11.3% increase in LATAM Airlines Brazil’s domestic capacity. The group transported 7.7 million passengers, marking a 9.1% increase from August 2024, and launched a new Brasília–Campinas route with three daily frequencies. The consolidated load factor improved to 85.4%, and cargo capacity increased by 5.1%. These developments indicate strengthened market positioning and enhanced connectivity in the Brazilian domestic market.
On September 2, 2025, LATAM Airlines Group S.A. announced that its Board of Directors approved the calling of an Extraordinary Shareholders’ Meeting scheduled for October 17, 2025. The meeting aims to address the early cancellation of over 30 billion treasury shares acquired through previous share repurchase programs and to approve necessary bylaw amendments. This strategic move is expected to streamline the company’s capital structure and enhance its financial flexibility.
On August 13, 2025, LATAM Airlines Group S.A. entered into an underwriting agreement with J.P. Morgan Securities LLC and several shareholders for the sale of 18,000,000 American Depositary Shares (ADSs), each representing 2,000 common shares of the company. This agreement is part of a strategic move to strengthen the company’s financial position and enhance its market presence. The transaction is expected to have significant implications for stakeholders, as it may influence the company’s stock liquidity and investor confidence.
On August 13, 2025, LATAM Airlines Group S.A. announced a significant financial maneuver involving the third secondary sale of its American Depositary Receipts (ADRs). The sale, agreed upon by shareholders and underwritten by Barclays Capital Inc. and J.P. Morgan Securities LLC, involves 18,000,000 ADRs priced at US$42.60 each, with payment scheduled for August 18, 2025. This move is expected to impact the company’s market positioning and shareholder value, with major stakeholders like Sixth Street Partners and Strategic Value Partners participating in the sale.
On August 13, 2025, LATAM Airlines Group S.A. announced the pricing of a public secondary offering by certain shareholders, involving the sale of 18,000,000 American Depositary Shares (ADSs) at $42.60 per ADS. The offering, managed by J.P. Morgan Securities LLC and Barclays Capital Inc., is expected to close on August 18, 2025, with no proceeds going to the company itself. The announcement highlights LATAM’s strategic financial maneuvers in the market, potentially impacting its stock liquidity and shareholder composition.
On August 13, 2025, LATAM Airlines Group S.A. announced a material fact regarding a request from certain shareholders to proceed with a third secondary sale of shares under a registration rights agreement. This sale, subject to market conditions, is expected to occur in the United States and other jurisdictions outside Chile. While the exact date remains uncertain, the company has filed necessary documents with the U.S. Securities and Exchange Commission to comply with regulatory obligations, ensuring cooperation with the selling shareholders.
On August 13, 2025, LATAM Airlines Group S.A. announced that certain shareholders have launched a public offering to sell 15,000,000 American Depositary Shares (ADSs), each representing 2,000 common shares of LATAM. The company itself is not selling any shares and will not receive proceeds from this sale. J.P. Morgan Securities LLC and Barclays Capital Inc. are underwriting the offering, which is part of a registration statement filed with the U.S. SEC. This move is significant for stakeholders as it involves a large volume of shares, potentially impacting the market perception and value of LATAM’s stock.
LATAM Airlines Group S.A. released its unaudited interim consolidated financial statements for the period ending June 30, 2025. The financial results indicate a stable financial position with an increase in cash and cash equivalents from December 2024 to June 2025. This financial disclosure provides stakeholders with insights into the company’s operational performance and financial health during the first half of 2025.
In July 2025, LATAM Airlines Group S.A. reported a 10% increase in capacity, measured in available seat-kilometers, and a 10.4% rise in traffic, leading to a consolidated load factor of 86.7%. The growth was driven by a 12.2% increase in international operations and an 11.8% increase in domestic operations in Brazil. The company transported nearly 8 million passengers in July, marking a 7.9% increase from the previous year, and has transported 49.5 million passengers year-to-date. Cargo capacity also rose by 5.1%, reaching 703 million available ton-kilometers.
LATAM Airlines Group S.A. successfully completed a share repurchase program through a pro rata mechanism on the Santiago Stock Exchange. The program, which was approved at an Extraordinary Shareholders’ Meeting on June 26, 2025, allowed the company to acquire 20,550,887,837 shares, representing 3.4% of its outstanding shares, at a price of CLP$20.6 per share. The offering was oversubscribed, with acceptance orders for 62,260,449,934 shares, indicating strong investor interest. This strategic move is likely to impact the company’s market positioning by consolidating its share capital.
On July 30, 2025, LATAM Airlines Group S.A. announced an increase in the maximum percentage of shares to be acquired under its share repurchase program. Initially set to acquire up to 2.4% of outstanding shares, the company has now approved a maximum acquisition of up to 3.4% of its shares, amounting to 20,550,887,837 shares. This decision, made during the company’s Extraordinary Shareholders’ Meeting on June 26, 2025, reflects LATAM’s strategic move to enhance shareholder value amidst ongoing market activities.
On July 29, 2025, LATAM Airlines Group S.A. announced an increase in the price of its OFB (Oferta Firme en Bloque) on the Santiago Stock Exchange from CLP$19.00 to CLP$20.6 per share. This decision, part of a share repurchase program approved in June 2025, reflects the company’s strategic financial adjustments and could impact shareholder value positively.
On July 28, 2025, LATAM Airlines Group S.A. released its interim consolidated financial statements for the period ending June 30, 2025. The release of these financial statements provides stakeholders with insights into the company’s financial health and operational performance during this period, which is crucial for assessing its market positioning and future prospects.
LATAM Airlines Group S.A. reported its strongest-ever second quarter in 2025, achieving a 12.9% adjusted operating margin and an 8.3% increase in capacity. The company demonstrated robust financial performance with historic highs in operating revenue, adjusted EBITDAR, and net income, reflecting its solid strategy and favorable market conditions. LATAM also returned $445 million to shareholders and announced a second share repurchase program, highlighting its strong financial position. Additionally, the company successfully refinanced its high-interest debt, reducing its cost of debt and generating significant savings. LATAM’s operational growth was marked by fleet expansion and new route launches, further strengthening its market position. The company continued to invest in enhancing customer experience and sustainability initiatives, maintaining high customer satisfaction levels.
In June 2025, LATAM Airlines Group reported a 10.7% increase in its consolidated capacity compared to June 2024, driven by significant growth in LATAM Airlines Brazil’s domestic capacity and international routes. The group also launched new routes, contributing to a 10.2% rise in consolidated traffic and a load factor of 83.8%. The company transported nearly 7 million passengers, a 7.3% increase from the previous year, and saw a 5.2% increase in cargo capacity, indicating robust operational growth and market expansion.
On July 7, 2025, LATAM Airlines Group S.A. announced the issuance of secured notes worth $800 million in the international markets, with an interest rate of 7.625% maturing in 2031. The proceeds from these notes were used to repay $700 million notes maturing in 2029, which had a higher interest rate of 13.375%. This financial maneuver is expected to save the company approximately $33 million annually in interest and result in a one-time impact of $104 million on its income statement in the third quarter. The 2031 Notes are secured and share collateral with previous financing arrangements, and the company has met conditions to release certain collateral related to its cargo business.
On June 30, 2025, Mr. William de Wulf resigned from his position as Director of LATAM Airlines Group S.A. The Board of Directors expressed gratitude for his contributions and appointed Mr. Álvaro Fabián as his replacement. Mr. Fabián will serve as Director until the next Ordinary Shareholders’ Meeting in early 2026, when the entire Board will be renewed. This change in leadership is a significant development for the company, potentially impacting its strategic direction and stakeholder relations.
On June 26, 2025, LATAM Airlines Group S.A. announced the issuance of secured notes worth $800 million, maturing in 2031, with an annual interest rate of 7.625%. The proceeds from these notes will be used to pay off and extinguish $700 million of existing obligations under notes maturing in 2029, which were part of the company’s Chapter 11 exit financing. This strategic move is expected to result in annual interest savings of approximately $33 million and a one-time impact of $104 million on the company’s income statement in the third quarter of the year.
On June 26, 2025, LATAM Airlines Group S.A. held an Extraordinary Shareholders’ Meeting where a new share repurchase program was approved. This program allows the company to repurchase up to 3.4% of its outstanding shares, equivalent to 20,550,887,837 shares, over an 18-month period. The initiative aims to return capital to shareholders and invest in the company’s own shares. The Board of Directors has been granted the authority to determine the pricing for these acquisitions and can make adjustments as necessary. Additionally, the Board can purchase up to 1% of the company’s share capital directly in the market within any 12-month period.
On June 16, 2025, LATAM Airlines Group S.A. entered into an underwriting agreement with J.P. Morgan Securities LLC and several shareholders to sell 10,000,000 American Depositary Shares, each representing 2,000 common shares of the company. This move is part of the company’s strategic financial operations, potentially impacting its market positioning and shareholder value.
On June 16, 2025, LATAM Airlines Group S.A. announced a significant development regarding its financial operations. The company completed a second secondary sale of 10 million American Depositary Receipts (ADRs) at a price of $37 per ADR, with J.P. Morgan Securities LLC acting as the underwriter. This transaction, involving key shareholders such as Sixth Street Partners and Strategic Value Partners, is set to conclude with payment on June 18, 2025. This move is expected to impact the company’s market positioning and shareholder dynamics.
On June 16, 2025, LATAM Airlines Group S.A. announced a request from certain shareholders for a second secondary sale of shares under a registration rights agreement. This sale, which is contingent on market conditions, will be conducted in the United States and other jurisdictions outside Chile. The shareholders have the discretion to determine the timing and size of the sale, and the company is complying with U.S. regulations by filing necessary documents with the Securities and Exchange Commission.
On June 16, 2025, LATAM Airlines Group S.A. released its unaudited interim consolidated financial statements for the period ending March 31, 2025. The report highlights a significant increase in cash and cash equivalents, rising from $1.96 billion at the end of 2024 to $2.15 billion by March 2025. This financial update indicates improved liquidity and operational stability for the company, potentially enhancing its competitive positioning in the airline industry.