LATAM Airlines Group (ADR)
Connects South American domestic markets with global passenger routes, cargo services and loyalty.
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Profile
Carries passengers across major South American domestic markets and international routes spanning the Americas, Europe, Oceania and Africa. Passenger transport generates most revenue, while LATAM Cargo and LATAM Pass extend the network into freight and loyalty.
Puts passenger service at the center of a network spanning domestic markets in Brazil, Chile, Colombia, Ecuador and Peru. International routes connect South America with North America, Europe, Oceania and Africa, while LATAM Cargo adds dedicated freighter capacity.
Extends that network through LATAM Pass, ancillary services and LATAM Travel. A common LATAM brand links operating companies spread across national jurisdictions, and a joint venture with Delta connects the South American system with Delta's North American network.
Passenger transport supplies most revenue, with cargo a smaller but material stream. Performance depends on fares, schedule frequency, reliability, airport access, jet-fuel costs, labor relations, cybersecurity and regulation, alongside political, economic and currency conditions across operating countries.
Company facts
Categories
Key statistics
Year to date −7.3% · Average volume (30d) 710.1K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jun 18, 2026 | Jefferies | Target | $70 | |||
| May 12, 2026 | Goldman Sachs | Target | $64.10 | $72.60 | ||
| Mar 26, 2026 | Morgan Stanley | Upgrade | Equal Weight | Overweight | ||
| Mar 17, 2026 | Citigroup | Upgrade | Neutral | Buy | ||
| Feb 20, 2026 | Morgan Stanley | Downgrade | Overweight | Equal Weight | $40 | $67 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 4, 2026Q2 FY26 | $0.14 | $0.44 | +211.4% | $4.06B | $4.18B | +3.0% | +3.67% |
| May 5, 2026Q1 FY26 | $1.35 | $2.01 | +48.9% | $3.96B | $4.15B | +4.9% | +12.08% |
| Feb 3, 2026Q4 FY25 | $1.35 | $1.69 | +25.2% | $3.89B | $3.95B | +1.6% | −5.31% |
| Nov 14, 2025Q3 FY25 | $1.26 | $1.30 | +3.2% | $3.63B | $3.75B | +3.4% | −0.09% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $3.35B | $3.25B | $3.80B | $3.87B | $4.08B | $4.12B | |
| Gross profit | $948.6M | $854.4M | $1.18B | $1.16B | $1.28B | $670.9M | |
| Operating income | $558.3M | $420.4M | $691.2M | $674.3M | $818.3M | $226.8M | |
| Net income | $355.3M | $242.4M | $378.8M | $484.3M | $576.0M | $125.2M | |
| Diluted EPS | $1.20 | $0.80 | $1.20 | $1.60 | $2.00 | $0.40 | |
| Gross margin | 28.3% | 26.3% | 31.0% | 29.9% | 31.3% | 16.3% | |
| Operating margin | 16.7% | 12.9% | 18.2% | 17.4% | 20.1% | 5.5% |
Fiscal years (4-quarter sums)FY21 $4.95B · FY22 $9.36B · FY23 $11.64B · FY24 $12.88B · FY25 $14.28B
Balance sheet, Jun 30, 2026Cash & short-term investments $2.70B · Total debt $9.03B · Total assets $19.65B · Shareholders' equity $2.00B
Dividends
Last cut to $0.1292 from $1.4006 in May 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| May 8, 2026 | May 8 | May 29 | $0.1292 | cut from $1.4006 |
| Dec 17, 2025 | Dec 17 | Jan 9 | $1.4006 | raised from $1.0097 |
| Apr 14, 2025 | Apr 14 | May 2 | $1.0097 | raised from $0.5902 split-adjusted |
| May 9, 2024 | May 10 | May 31 | $0.0003 |
Ownership
Shares outstanding 287.20M · Float 287.11M · 100.0% free float
Insiders — filings are in the shares behind the receipt.
This listing is a depositary receipt and the Form 4 positions here are filed in the shares behind it, a different unit from the share count and in a ratio the filings never state, so no insider percentage is shown.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Newport Trust Co | 3.24M | 1.13% | 13F | Aug 13, 2026 |
| Ninety One UK Ltd | 1.81M | 0.63% | 13F | Jul 16, 2026 |
| Morgan Stanley | 1.74M | 0.61% | 13F | Aug 13, 2026 |
| Robeco Institutional Asset Management B.V. | 1.45M | 0.51% | 13F | Jul 21, 2026 |
| Citadel Advisors LLC | 1.28M | 0.45% | 13F | Aug 14, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- Azul (ADR)
Broad overlap across Brazil's domestic and international markets
- Copa
Panama-hub rival for connecting travel across the Americas
- American Airlines Group
U.S. network rival on South America–North America routes
- United Airlines
U.S. hub competitor on Brazil–North America passenger routes
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| LATAM Airlines Group (ADR) | $50.25 | −0.66% | $14.51B | 9.7 | 8.6 | 0.9 | +28.5% |
| Azul (ADR) | $7.39 | −0.14% | $767.9M | 0.6 | — | 4.0 | — |
| Copa | $130.53 | +0.88% | $5.34B | 8.5 | 7.2 | 1.3 | +25.7% |
| American Airlines Group | $13.69 | +0.37% | $9.03B | — | 10.5 | 0.2 | +16.3% |
| United Airlines | $110.89 | +0.29% | $35.90B | 10.3 | 8.4 | 0.6 | +16.0% |
| Median | 8.5 | 8.4 | 1.0 | +16.3% |