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

47.13 0.65 −1.36%
Market cap
$13.5B
P/E
8.3×
Fwd P/E
8.3×
Dividend yield
2.97%
F-score
8/9
Altman Z
1.81
Beneish M
−2.99
Dividend safety
65/100

LATAM Airlines Group S.A. (LTM) Operating margin

Alert me on 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

Against its own ten years

Low −115.5% High 16.4%
Ten-year median 7.35%
Current reading's percentile 88

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

The full definition of Operating margin →

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