Quarterly ResultAug 4, 2026, 05:19 PM
LATAM Q2 Adj. Operating Margin 5.4%; Revenues +27.6%; Raises FY26 EBITDA Guidance
AI Summary
LATAM Airlines Group reported a 27.6% increase in total revenues to $4,183 million for Q2 2026, driven by strong commercial execution. Despite significant fuel price increases, the company achieved an Adjusted Operating Margin of 5.4%. However, net income attributable to owners decreased by 48.2% to $125 million. The company raised its full-year 2026 Adjusted EBITDA guidance to $4.1-$4.4 billion and announced shareholder approval for a new share repurchase program.
Key Highlights
- Total Revenues for Q2 2026 increased 27.6% year-over-year to $4,183 million.
- Adjusted Operating Margin for Q2 2026 was 5.4%, down from 12.9% in Q2 2025.
- Net Income attributable to owners of the parent company was $125 million, a 48.2% decrease year-over-year.
- Diluted Earnings per ADS for Q2 2026 were $0.44, down 46.0% from $0.81 in Q2 2025.
- Full-year 2026 Adjusted EBITDA guidance was raised to a range of $4.1-$4.4 billion from $3.8-$4.2 billion.
- Shareholders approved a new share repurchase program for up to 5% of the Company's shares over five years.
- Total liquidity stood at $4,226 million, a 13.4% increase from Q4 2025, with Adjusted Net Leverage at 1.5x.
- LATAM Airlines Brazil announced the initial network for its Embraer E195-E2 fleet, including 8 new domestic routes.
Price Impact
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