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Stocks · Industrials · Air Transportation, Scheduled

LATAM AIRLINES GROUP S.A.

LTM Clue Score68
Fiscal year ends December CIK 0001047716
$50.00 -0.50% Close, 12 Oct 2026
Alert on the numbers Alert on insider trades
Price $50.00 +102.43% Close, 12 Oct 2026

Closing prices at the end of each trading day, from 13 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue8.99Operating income0.49Net income0.07EPS, diluted0.13Fiscal year 2017Revenue9.61 +7.0%Operating income0.86Net income0.11 +57.3%EPS, diluted0.18 +41.8%Fiscal year 2018Revenue9.90 +2.9%Operating income0.94Net income0.31 +184.5%EPS, diluted0.51 +184.5%Fiscal year 2019Revenue10.07 +1.8%Operating income0.75Net income0.19 −38.5%EPS, diluted0.31 −38.5%Fiscal year 2020Revenue3.92 −61.0%Operating income−4.53Net income−4.55 −2,487.2%EPS, diluted−7.50 −2,487.4%Fiscal year 2021Revenue4.88 +24.5%Operating income−3.43Net income−4.65EPS, diluted−7.66Fiscal year 2022Revenue9.36 +91.7%Operating income1.21Net income1.34EPS, diluted0.01Fiscal year 2023Revenue11.64 +24.3%Operating income1.08Net income0.58 −56.6%EPS, diluted0.00 −92.6%Fiscal year 2024Revenue12.83 +10.2%Operating income1.54Net income0.98 +67.9%EPS, diluted0.00 +60.0%Fiscal year 2025Revenue14.27 +11.2%Operating income2.34Net income1.46 +49.4%EPS, diluted0.00 +56.3%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 8.99 9.61 9.90 10.07 3.92 4.88 9.36 11.64 12.83 14.27
Growth +7.0% +2.9% +1.8% −61.0% +24.5% +91.7% +24.3% +10.2% +11.2%
Operating income 0.49 0.86 0.94 0.75 −4.53 −3.43 1.21 1.08 1.54 2.34
Net income 0.07 0.11 0.31 0.19 −4.55 −4.65 1.34 0.58 0.98 1.46
Growth +57.3% +184.5% −38.5% −2,487.2% −56.6% +67.9% +49.4%
EPS, diluted 0.13 0.18 0.51 0.31 −7.50 −7.66 0.01 0.00 0.00 0.00
Growth +41.8% +184.5% −38.5% −2,487.4% −92.6% +60.0% +56.3%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin22.5%Operating margin5.5%Net margin0.8%Free cash flow margin3.2%Fiscal year 2017Gross margin24.3%Operating margin9.0%Net margin1.1%Free cash flow margin18.5%Fiscal year 2018Gross margin21.4%Operating margin9.5%Net margin3.1%Free cash flow margin14.3%Fiscal year 2019Gross margin21.0%Operating margin7.5%Net margin1.9%Free cash flow margin15.4%Fiscal year 2020Gross margin−15.0%Operating margin−115.5%Net margin−115.9%Free cash flow margin−20.9%Fiscal year 2021Gross margin−1.6%Operating margin−70.1%Net margin−95.2%Free cash flow margin−15.8%Fiscal year 2022Gross margin13.4%Operating margin12.9%Net margin14.3%Free cash flow margin−7.3%Fiscal year 2023Gross margin24.3%Operating margin9.3%Net margin5.0%Free cash flow margin12.6%Fiscal year 2024Gross margin25.5%Operating margin12.0%Net margin7.6%Free cash flow margin13.9%Fiscal year 2025Gross margin29.2%Operating margin16.4%Net margin10.2%Free cash flow margin13.7%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 22.5% 24.3% 21.4% 21.0% −15.0% −1.6% 13.4% 24.3% 25.5% 29.2%
Operating margin 5.5% 9.0% 9.5% 7.5% −115.5% −70.1% 12.9% 9.3% 12.0% 16.4%
Net margin 0.8% 1.1% 3.1% 1.9% −115.9% −95.2% 14.3% 5.0% 7.6% 10.2%
Free cash flow margin 3.2% 18.5% 14.3% 15.4% −20.9% −15.8% −7.3% 12.6% 13.9% 13.7%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow0.98Capital expenditure−0.69Free cash flow0.29Dividends paid−0.04Fiscal year 2017Operating cash flow2.19Capital expenditure−0.40Free cash flow1.78 +522.4%Dividends paid−0.07Fiscal year 2018Operating cash flow2.07Capital expenditure−0.66Free cash flow1.41 −20.8%Dividends paid−0.07Fiscal year 2019Operating cash flow2.83Capital expenditure−1.28Free cash flow1.55 +9.7%Dividends paid−0.06Fiscal year 2020Operating cash flow−0.49Capital expenditure−0.32Free cash flow−0.82 −152.8%Dividends paid−0.00Fiscal year 2021Operating cash flow−0.17Capital expenditure−0.60Free cash flow−0.77Fiscal year 2022Operating cash flow0.10Capital expenditure−0.78Free cash flow−0.68Dividends paid0.00Fiscal year 2023Operating cash flow2.26Capital expenditure−0.80Free cash flow1.47Buybacks0.00Dividends paid0.00Fiscal year 2024Operating cash flow3.11Capital expenditure−1.33Free cash flow1.78 +21.3%Buybacks0.00Dividends paid−0.17Fiscal year 2025Operating cash flow3.74Capital expenditure−1.78Free cash flow1.96 +10.1%Buybacks−0.58Dividends paid−0.61
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 0.98 2.19 2.07 2.83 −0.49 −0.17 0.10 2.26 3.11 3.74
Capital expenditure −0.69 −0.40 −0.66 −1.28 −0.32 −0.60 −0.78 −0.80 −1.33 −1.78
Free cash flow 0.29 1.78 1.41 1.55 −0.82 −0.77 −0.68 1.47 1.78 1.96
Growth +522.4% −20.8% +9.7% −152.8% +21.3% +10.1%
Buybacks n/a n/a n/a n/a n/a n/a n/a 0.00 0.00 −0.58
Dividends paid −0.04 −0.07 −0.07 −0.06 −0.00 n/a 0.00 0.00 −0.17 −0.61

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash0.95Total debt6.79Net cash (debt)−5.84Shareholders’ equity4.10Debt to equity1.66Fiscal year 2017Cash1.14Total debt6.60Net cash (debt)−5.46Shareholders’ equity3.87Debt to equity1.71Fiscal year 2018Cash1.08Total debt5.86Net cash (debt)−4.78Shareholders’ equity3.36Debt to equity1.75Fiscal year 2019Cash1.07Total debt5.77Net cash (debt)−4.70Shareholders’ equity3.13Debt to equity1.84Fiscal year 2020Cash1.70Total debt5.49Net cash (debt)−3.79Shareholders’ equity−2.44Fiscal year 2021Cash1.05Total debt3.57Net cash (debt)−2.52Shareholders’ equity−7.06Fiscal year 2022Cash1.22Shareholders’ equity0.04Fiscal year 2023Cash1.71Shareholders’ equity0.45Fiscal year 2024Cash1.96Shareholders’ equity0.72Fiscal year 2025Cash2.15Shareholders’ equity1.35
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.95 1.14 1.08 1.07 1.70 1.05 1.22 1.71 1.96 2.15
Total debt 6.79 6.60 5.86 5.77 5.49 3.57 n/a n/a n/a n/a
Net cash (debt) −5.84 −5.46 −4.78 −4.70 −3.79 −2.52 n/a n/a n/a n/a
Shareholders’ equity 4.10 3.87 3.36 3.13 −2.44 −7.06 0.04 0.45 0.72 1.35
Debt to equity 1.66 1.71 1.75 1.84 n/a n/a n/a n/a n/a n/a

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In billions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
8.99 9.61 9.90 10.07 3.92 4.88 9.36 11.64 12.83 14.27
Growth +7.0% +2.9% +1.8% −61.0% +24.5% +91.7% +24.3% +10.2% +11.2%
6.97 7.28 7.77 7.95 4.51 4.96 8.10 8.82 9.57 10.10
2.02 2.33 2.12 2.12 −0.59 −0.08 1.26 2.82 3.27 4.16
Growth +15.5% −9.1% −0.2% −127.8% +124.3% +15.7% +27.3%
0.49 0.86 0.94 0.75 −4.53 −3.43 1.21 1.08 1.54 2.34
Growth +74.7% +9.1% −19.9% −701.5% −11.0% +42.9% +51.6%
0.27 0.31 0.42 0.14 −5.11 −4.08 1.35 0.60 0.99 1.62
0.16 0.16 0.07 −0.05 −0.55 0.57 0.01 0.01 0.02 0.16
0.07 0.11 0.31 0.19 −4.55 −4.65 1.34 0.58 0.98 1.46
Growth +57.3% +184.5% −38.5% −2,487.2% −56.6% +67.9% +49.4%
Per share
0.13 0.18 0.51 0.31 −7.50 −7.66 0.01 0.00 0.00 0.00
0.13 0.18 0.51 0.31 −7.50 −7.66 0.01 0.00 0.00 0.00
Growth +41.8% +184.5% −38.5% −2,487.4% −92.6% +60.0% +56.3%
n/a n/a n/a n/a n/a 606.4 96,614 604,438 604,438 589,302

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 29.5% a year over five years.
  • Operating margin is up 131.8 points on five years ago, at 16.4%.
  • A net loss in 2 of 10 years on file.