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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 | 13.69B | 12.83B | 11.64B | 9.36B | 4.88B | 3.92B |
| Gross Profit | 3.86B | 3.27B | 2.82B | 1.26B | -79.47M | 275.19M |
| EBITDA | 3.36B | 2.34B | 1.28B | 2.26B | -3.34B | -4.58B |
| Net Income | 1.24B | 976.97M | 581.83M | 1.34B | -4.65B | -4.55B |
Balance Sheet | ||||||
| Total Assets | 16.99B | 15.25B | 14.67B | 13.21B | 13.29B | 15.65B |
| Cash, Cash Equivalents and Short-Term Investments | 2.11B | 1.96B | 1.85B | 1.35B | 1.12B | 1.74B |
| Total Debt | 7.61B | 7.15B | 7.04B | 6.87B | 10.54B | 10.96B |
| Total Liabilities | 15.89B | 14.54B | 14.23B | 13.18B | 20.36B | 18.09B |
| Stockholders Equity | 1.10B | 723.27M | 450.30M | 42.28M | -7.06B | -2.44B |
Cash Flow | ||||||
| Free Cash Flow | 1.40B | 1.69B | 1.47B | -733.86M | -859.86M | -894.39M |
| Operating Cash Flow | 3.24B | 3.11B | 2.26B | 96.80M | -184.10M | -494.70M |
| Investing Cash Flow | -1.76B | -1.17B | -659.50M | -748.96M | -542.65M | 33.61M |
| Financing Cash Flow | -1.48B | -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 |
|---|---|---|---|---|---|---|---|
78 Outperform | $37.13B | 8.02 | 28.52% | 1.15% | 4.33% | -1.58% | |
74 Outperform | $5.21B | 8.19 | 26.69% | 5.69% | -0.69% | -5.49% | |
68 Neutral | $29.57B | 9.02 | 25.59% | ― | 4.24% | 20.29% | |
67 Neutral | $12.86B | 11.45 | 135.74% | 2.23% | 6.81% | 58.22% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | $16.51B | 48.64 | 4.22% | 2.26% | 0.65% | ― | |
57 Neutral | $8.14B | 14.72 | ― | ― | 1.27% | 118.64% |
LATAM Airlines Group SA Sponsored ADR Corporate Events
On November 14, 2025, LATAM Airlines Group S.A. released its interim consolidated financial statements for the period ending September 30, 2025. This financial disclosure provides stakeholders with detailed insights into the company’s financial position, income, and cash flows, reflecting its operational performance and financial health. The release of these statements is crucial for investors and analysts to assess LATAM’s market positioning and future prospects.
LATAM Airlines Group S.A. reported strong financial results for the third quarter of 2025, with a 17.3% increase in total revenues compared to the same period in 2024. The company achieved an adjusted EBITDAR of US$1,150 million, reflecting a 38.9% increase, and expanded its capacity by 9.3% year-over-year. LATAM’s strategic focus on premium services and operational efficiency contributed to a solid net income of US$379 million. The company also announced plans to acquire up to 74 Embraer E195-E2 aircraft to enhance regional connectivity, with deliveries starting in late 2026. These results underscore LATAM’s robust market position and financial discipline, as it continues to focus on growth and customer value.
In October 2025, LATAM Airlines Group transported 7.7 million passengers, marking a 7.7% increase from October 2024. The group’s consolidated capacity rose by 7.4%, driven by a 13.2% increase in domestic capacity in Brazil and a 7.2% rise in international operations. This expansion included new routes and contributed to a consolidated load factor of 85.5%. Despite stable cargo capacity, the cargo load factor decreased slightly. These developments indicate LATAM’s robust growth in passenger operations, particularly in Brazil, enhancing its market position.
On October 17, 2025, LATAM Airlines Group S.A. announced a significant reduction in its share capital following an Extraordinary Shareholders’ Meeting. The company decided to cancel 30,221,893,878 shares acquired under previous share repurchase programs, reducing its capital by approximately $585 million. This move aims to streamline the company’s capital structure and reflects a strategic adjustment in its financial management. The changes will be formalized through amendments to the company’s bylaws, impacting the company’s financial positioning and potentially affecting shareholder value.
In September 2025, LATAM Airlines Group reported an 8.7% increase in consolidated capacity, driven by a 9.6% rise in international operations and a 14.0% boost in LATAM Airlines Brazil’s domestic capacity. The company launched five new domestic routes in Brazil and inaugurated an international route between Buenos Aires and Porto Alegre, enhancing connectivity. Consolidated traffic grew by 8.8%, with LATAM Airlines Brazil’s domestic market experiencing a notable 17.0% increase. The group transported 7.3 million passengers in September, marking an 8.0% rise from the previous year. Cargo operations also saw a 2.9% increase in capacity.
On September 24, 2025, LATAM Airlines Group S.A. entered into an underwriting agreement with J.P. Morgan Securities LLC and Goldman Sachs & Co. LLC for the sale of 15,503,784 American Depositary Shares (ADS), each representing 2,000 common shares. This agreement is part of a strategic move to enhance the company’s financial positioning and market reach, potentially impacting its stakeholders by increasing the liquidity of its shares and expanding its investor base.
On September 24, 2025, LATAM Airlines Group S.A. announced a significant financial transaction involving the fifth secondary sale of its American Depositary Receipts (ADRs). The sale, conducted under the registration rights agreement, involved 15,503,784 ADRs priced at US$43.60 each, equivalent to CLP$41,561.264 per ADR. The transaction, underwritten by J.P. Morgan Securities LLC and Goldman Sachs & Co. LLC, is set to be completed with payment on September 26, 2025. This move is expected to impact the company’s market presence and shareholder value.
On September 24, 2025, LATAM Airlines Group S.A. announced the pricing of a public secondary offering by certain shareholders affiliated with Strategic Value Partners, LLC. The offering involves the sale of 15,503,784 American Depositary Shares (ADSs) at $43.60 per ADS, with J.P. Morgan Securities LLC and Goldman Sachs & Co. LLC acting as underwriters. LATAM will not receive any proceeds from this sale, which is expected to close on September 26, 2025, pending customary conditions. This announcement reflects a strategic move by the selling shareholders and does not directly impact LATAM’s financial position.
On September 24, 2025, LATAM Airlines Group S.A. announced a public offering by certain shareholders to sell 15,503,784 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 J.P. Morgan Securities LLC and Goldman Sachs & Co. LLC. This move signifies a strategic financial decision by the shareholders affiliated with Strategic Value Partners, LLC, potentially impacting LATAM’s market dynamics and stakeholder interests.
On September 24, 2025, LATAM Airlines Group S.A. announced a request from certain shareholders to initiate a fifth secondary sale of shares under a Registration Rights Agreement. This sale, subject to market conditions, will be conducted in the United States and other jurisdictions outside Chile, with the company filing necessary documentation with the U.S. Securities and Exchange Commission.
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.