stockrowLATAM Airlines Group S.A.
LTM Industrials Airlines
LATAM Airlines Group S.A.’s revenue for fiscal 2025 (year ended December 2025) was $14.3 billion, up 11.2% from fiscal 2024.
- Revenue
- +18.0%
- EPS
- +17.8%
- Free cash flow
- −13.6%
Quarter to September 2026, against a year earlier
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LATAM Airlines Group S.A. (LTM) Gross margin
LATAM Airlines Group S.A.'s gross margin over the twelve months to 30 September 2026 was 25.0%, down 4.2 percentage points from fiscal 2025 (29.2%). Over the past ten years it has ranged from −15.0% (fiscal 2020) to 29.2% (fiscal 2025) — the current reading is the highest in ten years. That is below the Airlines industry median of 51.7% and below the Industrials sector median of 30.6%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 29.2% | 3.70 |
| FY2024 | 25.5% | 1.20 |
| FY2023 | 24.3% | 10.81 |
| FY2022 | 13.5% | 15.08 |
| FY2021 | −1.63% | 13.40 |
| FY2020 | −15.0% | (36.07) |
| FY2019 | 21.0% | (0.40) |
| FY2018 | 21.4% | (1.15) |
| FY2017 | 22.6% | 0.10 |
| FY2016 | 22.5% | 0.90 |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Sep 2026 | 23.0% | 6.77 |
| Jun 2026 | 16.3% | (15.03) |
| Mar 2026 | 31.3% | 1.43 |
| Dec 2025 | 29.9% | (1.13) |
| 43 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| ALK Alaska Air Group, Inc. compare | 100.0% |
| SKYW SkyWest, Inc. compare | 69.8% |
| UAL United Airlines Holdings Inc compare | 66.1% |
| CPA Copa Holdings, S.A. compare | 62.4% |
| RYAAY Ryanair Holdings PLC compare | 51.5% |
| DAL Delta Air Lines, Inc. compare | 31.2% |
| LTM LATAM Airlines Group S.A. | 25.0% |
| LUV Southwest Airlines Co. compare | 22.9% |
| AAL American Airlines Group Inc. compare | 20.7% |
| Airlines industry median | 51.7% |
| Industrials sector median | 30.6% |
| Market median | 45.1% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
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- EPS (diluted)
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