Quarterly ResultMay 5, 2026, 04:19 PM
LATAM Airlines Q1 Net Income $577.7M; Revenue $4.08B
AI Summary
LATAM Airlines Group S.A. reported a significant increase in net income and revenue for the first quarter ended March 31, 2026. Net income surged by 62% to $577.69 million, while revenue grew by 21.8% to $4.08 billion compared to the same period last year. The company also saw a healthy increase in cash and cash equivalents and strong cash flow from operating activities. Additionally, LATAM Airlines Group S.A. incorporated a new wholly-owned subsidiary, Línea Aérea Carguera del Ecuador S.A., to expand its international air cargo transport services.
Key Highlights
- Net income for Q1 2026 increased to $577.69 million from $356.64 million in Q1 2025, a 62% increase.
- Revenue for Q1 2026 rose to $4.08 billion, up from $3.35 billion in Q1 2025, a 21.8% increase.
- Gross margin for Q1 2026 was $1.28 billion, compared to $948.6 million in Q1 2025.
- Basic earnings per share for Q1 2026 were $0.001003, up from $0.000588 in Q1 2025.
- Cash and cash equivalents increased to $2.54 billion as of March 31, 2026, from $2.15 billion as of December 31, 2025.
- Net cash inflow from operating activities was $933.16 million in Q1 2026, compared to $678.35 million in Q1 2025.
- Total assets grew to $18.71 billion as of March 31, 2026, from $17.64 billion as of December 31, 2025.
- Línea Aérea Carguera del Ecuador S.A. was incorporated on February 19, 2026, as a 100% owned subsidiary for international air cargo transport.