LATAM 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) Operating margin
LATAM Airlines Group S.A.'s operating margin over the twelve months to 30 September 2026 was 13.7%, down 2.6 percentage points from fiscal 2025 (16.4%). Over the past ten years it has ranged from −115.5% (fiscal 2020) to 16.4% (fiscal 2025) — the current reading is the highest in ten years. That is above the Airlines industry median of 6.13% and above the Industrials sector median of 5.21%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 16.4% | 4.36 |
| FY2024 | 12.0% | 2.75 |
| FY2023 | 9.26% | 14.26 |
| FY2022 | −5.00% | 65.14 |
| FY2021 | −70.1% | 45.32 |
| FY2020 | −115.5% | (122.94) |
| FY2019 | 7.48% | (2.02) |
| FY2018 | 9.50% | 2.15 |
| FY2017 | 7.35% | 1.86 |
| FY2016 | 5.49% | 0.88 |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Sep 2026 | 13.1% | 7.85 |
| Jun 2026 | 5.29% | (14.59) |
| Mar 2026 | 19.9% | 2.94 |
| Dec 2025 | 16.9% | (1.20) |
| 43 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| CPA Copa Holdings, S.A. compare | 19.4% |
| SKYW SkyWest, Inc. compare | 13.9% |
| LTM LATAM Airlines Group S.A. | 13.7% |
| RYAAY Ryanair Holdings PLC compare | 12.0% |
| UAL United Airlines Holdings Inc compare | 7.51% |
| DAL Delta Air Lines, Inc. compare | 7.36% |
| LUV Southwest Airlines Co. compare | 4.39% |
| AAL American Airlines Group Inc. compare | 1.59% |
| ALK Alaska Air Group, Inc. compare | −1.89% |
| Airlines industry median | 6.13% |
| Industrials sector median | 5.21% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
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- Revenue
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
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- The full statement