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LATAM Airlines Group SA Sponsored ADR
(NYSE:LTM)
LATAM Airlines Group SA Sponsored ADR (LTM) vs. SPDR S&P 500 ETF (SPY)
LATAM Airlines Group SA Sponsored ADR Business Overview & Revenue Model
LATAM Airlines Group SA Sponsored ADR Earnings Call Summary
LATAM Airlines Group SA Sponsored ADR Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 13.19B | 12.83B | 11.64B | 9.36B | 4.88B | 4.33B |
| Gross Profit | 3.56B | 3.27B | 2.82B | 1.26B | -79.47M | -444.11M |
| EBITDA | 2.92B | 2.34B | 2.50B | 3.47B | -2.11B | -3.13B |
| Net Income | 1.17B | 976.97M | 581.83M | 1.34B | -4.65B | -4.55B |
Balance Sheet | ||||||
| Total Assets | 16.58B | 15.25B | 14.67B | 13.21B | 13.31B | 15.65B |
| Cash, Cash Equivalents and Short-Term Investments | 2.09B | 1.96B | 1.85B | 1.72B | 1.12B | 1.75B |
| Total Debt | 7.51B | 7.15B | 7.04B | 6.78B | 10.40B | 10.85B |
| Total Liabilities | 15.68B | 14.54B | 14.23B | 13.18B | 20.38B | 18.09B |
| Stockholders Equity | 913.64M | 723.27M | 450.30M | 42.28M | -7.06B | -2.44B |
Cash Flow | ||||||
| Free Cash Flow | 1.20B | 1.69B | 1.40B | -733.86M | -859.86M | -894.39M |
| Operating Cash Flow | 3.12B | 3.11B | 2.26B | 96.80M | -184.10M | -494.70M |
| Investing Cash Flow | -1.73B | -1.17B | -659.50M | -748.96M | -542.65M | 33.61M |
| Financing Cash Flow | -1.18B | -1.56B | -1.15B | 854.96M | 109.64M | 1.12B |
LATAM Airlines Group SA Sponsored ADR Technical Analysis
LATAM Airlines Group SA Sponsored ADR Risk Analysis
LATAM Airlines Group SA Sponsored ADR Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | $5.26B | 8.27 | 26.60% | 5.14% | -0.69% | -5.49% | |
78 Outperform | $38.22B | 8.25 | 28.52% | 1.17% | 4.33% | -1.58% | |
69 Neutral | $12.84B | 11.47 | 161.29% | 2.31% | 5.07% | 62.83% | |
68 Neutral | $31.29B | 9.59 | 25.59% | ― | 4.24% | 20.29% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | $8.86B | 15.81 | ― | ― | 1.27% | 118.64% | |
61 Neutral | $16.35B | 48.19 | 4.22% | 2.22% | 0.65% | ― |
LATAM Airlines Group SA Sponsored ADR Corporate Events
On October 17, 2025, LATAM Airlines Group S.A. announced a significant reduction in its share capital following an Extraordinary Shareholders’ Meeting. The company decided to cancel 30,221,893,878 shares acquired under previous share repurchase programs, reducing its capital by approximately $585 million. This move aims to streamline the company’s capital structure and reflects a strategic adjustment in its financial management. The changes will be formalized through amendments to the company’s bylaws, impacting the company’s financial positioning and potentially affecting shareholder value.
In September 2025, LATAM Airlines Group reported an 8.7% increase in consolidated capacity, driven by a 9.6% rise in international operations and a 14.0% boost in LATAM Airlines Brazil’s domestic capacity. The company launched five new domestic routes in Brazil and inaugurated an international route between Buenos Aires and Porto Alegre, enhancing connectivity. Consolidated traffic grew by 8.8%, with LATAM Airlines Brazil’s domestic market experiencing a notable 17.0% increase. The group transported 7.3 million passengers in September, marking an 8.0% rise from the previous year. Cargo operations also saw a 2.9% increase in capacity.
On September 24, 2025, LATAM Airlines Group S.A. entered into an underwriting agreement with J.P. Morgan Securities LLC and Goldman Sachs & Co. LLC for the sale of 15,503,784 American Depositary Shares (ADS), each representing 2,000 common shares. This agreement is part of a strategic move to enhance the company’s financial positioning and market reach, potentially impacting its stakeholders by increasing the liquidity of its shares and expanding its investor base.
On September 24, 2025, LATAM Airlines Group S.A. announced a significant financial transaction involving the fifth secondary sale of its American Depositary Receipts (ADRs). The sale, conducted under the registration rights agreement, involved 15,503,784 ADRs priced at US$43.60 each, equivalent to CLP$41,561.264 per ADR. The transaction, underwritten by J.P. Morgan Securities LLC and Goldman Sachs & Co. LLC, is set to be completed with payment on September 26, 2025. This move is expected to impact the company’s market presence and shareholder value.
On September 24, 2025, LATAM Airlines Group S.A. announced the pricing of a public secondary offering by certain shareholders affiliated with Strategic Value Partners, LLC. The offering involves the sale of 15,503,784 American Depositary Shares (ADSs) at $43.60 per ADS, with J.P. Morgan Securities LLC and Goldman Sachs & Co. LLC acting as underwriters. LATAM will not receive any proceeds from this sale, which is expected to close on September 26, 2025, pending customary conditions. This announcement reflects a strategic move by the selling shareholders and does not directly impact LATAM’s financial position.
On September 24, 2025, LATAM Airlines Group S.A. announced a public offering by certain shareholders to sell 15,503,784 American Depositary Shares (ADSs), each representing 2,000 common shares of LATAM. The company itself is not selling any shares and will not receive proceeds from this sale. The offering is underwritten by J.P. Morgan Securities LLC and Goldman Sachs & Co. LLC. This move signifies a strategic financial decision by the shareholders affiliated with Strategic Value Partners, LLC, potentially impacting LATAM’s market dynamics and stakeholder interests.
On September 24, 2025, LATAM Airlines Group S.A. announced a request from certain shareholders to initiate a fifth secondary sale of shares under a Registration Rights Agreement. This sale, subject to market conditions, will be conducted in the United States and other jurisdictions outside Chile, with the company filing necessary documentation with the U.S. Securities and Exchange Commission.
On September 8, 2025, LATAM Airlines Group S.A. entered into an underwriting agreement with Goldman Sachs & Co. LLC and Barclays Capital Inc. to sell 7,000,000 American Depositary Shares (ADS), each representing 2,000 common shares of the company. This move is part of the company’s strategic financial initiatives and is expected to impact its market positioning by potentially increasing liquidity and shareholder base.
On September 8, 2025, LATAM Airlines Group S.A. announced the pricing of a public secondary offering by one of its shareholders, involving 7,000,000 American Depositary Shares (ADSs) at $47.60 per ADS. The company will not receive any proceeds from this sale, which is expected to close on September 10, 2025, subject to customary conditions. This offering, underwritten by Goldman Sachs & Co. LLC and Barclays Capital Inc., does not involve the sale of shares by LATAM itself, indicating no immediate impact on the company’s cash flow but potentially affecting shareholder composition.
On September 8, 2025, LATAM Airlines Group S.A. announced a request from one of its shareholders for a fourth secondary sale of shares under a registration rights agreement. This sale, subject to market conditions, will be guaranteed by a firm underwriting commitment and is expected to occur in the United States and other jurisdictions outside of Chile. The exact date of the sale remains uncertain, as the selling shareholder holds the authority to determine or modify the timing and size of the sale.
On September 8, 2025, LATAM Airlines Group S.A. announced a significant financial transaction involving the sale of 7,000,000 American Depositary Receipts (ADRs) at a price of $47.60 per ADR. This transaction, part of the fourth secondary sale under a registration rights agreement, involves the selling shareholder Sixth Street Partners and underwriters Goldman Sachs & Co. LLC and Barclays Capital Inc. The sale is set to be completed with payment on September 10, 2025, potentially impacting the company’s market positioning and shareholder value.
On September 8, 2025, LATAM Airlines Group S.A. announced that a shareholder initiated a public offering to sell 6,000,000 American Depositary Shares (ADSs), each representing 2,000 common shares of LATAM. The company itself is not selling any shares and will not receive proceeds from this sale. The offering is underwritten by Goldman Sachs & Co. LLC and Barclays Capital Inc. This move is part of the company’s ongoing efforts to enhance its market presence and financial strategy, although it does not directly impact the company’s finances.
In August 2025, LATAM Airlines Group reported a 9.4% increase in capacity, measured in available seat-kilometers, compared to the same period in 2024. This growth was driven by a 12.0% rise in international operations and an 11.3% increase in LATAM Airlines Brazil’s domestic capacity. The group transported 7.7 million passengers, marking a 9.1% increase from August 2024, and launched a new Brasília–Campinas route with three daily frequencies. The consolidated load factor improved to 85.4%, and cargo capacity increased by 5.1%. These developments indicate strengthened market positioning and enhanced connectivity in the Brazilian domestic market.
On September 2, 2025, LATAM Airlines Group S.A. announced that its Board of Directors approved the calling of an Extraordinary Shareholders’ Meeting scheduled for October 17, 2025. The meeting aims to address the early cancellation of over 30 billion treasury shares acquired through previous share repurchase programs and to approve necessary bylaw amendments. This strategic move is expected to streamline the company’s capital structure and enhance its financial flexibility.
On August 13, 2025, LATAM Airlines Group S.A. entered into an underwriting agreement with J.P. Morgan Securities LLC and several shareholders for the sale of 18,000,000 American Depositary Shares (ADSs), each representing 2,000 common shares of the company. This agreement is part of a strategic move to strengthen the company’s financial position and enhance its market presence. The transaction is expected to have significant implications for stakeholders, as it may influence the company’s stock liquidity and investor confidence.
On August 13, 2025, LATAM Airlines Group S.A. announced a significant financial maneuver involving the third secondary sale of its American Depositary Receipts (ADRs). The sale, agreed upon by shareholders and underwritten by Barclays Capital Inc. and J.P. Morgan Securities LLC, involves 18,000,000 ADRs priced at US$42.60 each, with payment scheduled for August 18, 2025. This move is expected to impact the company’s market positioning and shareholder value, with major stakeholders like Sixth Street Partners and Strategic Value Partners participating in the sale.
On August 13, 2025, LATAM Airlines Group S.A. announced the pricing of a public secondary offering by certain shareholders, involving the sale of 18,000,000 American Depositary Shares (ADSs) at $42.60 per ADS. The offering, managed by J.P. Morgan Securities LLC and Barclays Capital Inc., is expected to close on August 18, 2025, with no proceeds going to the company itself. The announcement highlights LATAM’s strategic financial maneuvers in the market, potentially impacting its stock liquidity and shareholder composition.
On August 13, 2025, LATAM Airlines Group S.A. announced a material fact regarding a request from certain shareholders to proceed with a third secondary sale of shares under a registration rights agreement. This sale, subject to market conditions, is expected to occur in the United States and other jurisdictions outside Chile. While the exact date remains uncertain, the company has filed necessary documents with the U.S. Securities and Exchange Commission to comply with regulatory obligations, ensuring cooperation with the selling shareholders.
On August 13, 2025, LATAM Airlines Group S.A. announced that certain shareholders have launched a public offering to sell 15,000,000 American Depositary Shares (ADSs), each representing 2,000 common shares of LATAM. The company itself is not selling any shares and will not receive proceeds from this sale. J.P. Morgan Securities LLC and Barclays Capital Inc. are underwriting the offering, which is part of a registration statement filed with the U.S. SEC. This move is significant for stakeholders as it involves a large volume of shares, potentially impacting the market perception and value of LATAM’s stock.
LATAM Airlines Group S.A. released its unaudited interim consolidated financial statements for the period ending June 30, 2025. The financial results indicate a stable financial position with an increase in cash and cash equivalents from December 2024 to June 2025. This financial disclosure provides stakeholders with insights into the company’s operational performance and financial health during the first half of 2025.
In July 2025, LATAM Airlines Group S.A. reported a 10% increase in capacity, measured in available seat-kilometers, and a 10.4% rise in traffic, leading to a consolidated load factor of 86.7%. The growth was driven by a 12.2% increase in international operations and an 11.8% increase in domestic operations in Brazil. The company transported nearly 8 million passengers in July, marking a 7.9% increase from the previous year, and has transported 49.5 million passengers year-to-date. Cargo capacity also rose by 5.1%, reaching 703 million available ton-kilometers.
LATAM Airlines Group S.A. successfully completed a share repurchase program through a pro rata mechanism on the Santiago Stock Exchange. The program, which was approved at an Extraordinary Shareholders’ Meeting on June 26, 2025, allowed the company to acquire 20,550,887,837 shares, representing 3.4% of its outstanding shares, at a price of CLP$20.6 per share. The offering was oversubscribed, with acceptance orders for 62,260,449,934 shares, indicating strong investor interest. This strategic move is likely to impact the company’s market positioning by consolidating its share capital.
On July 30, 2025, LATAM Airlines Group S.A. announced an increase in the maximum percentage of shares to be acquired under its share repurchase program. Initially set to acquire up to 2.4% of outstanding shares, the company has now approved a maximum acquisition of up to 3.4% of its shares, amounting to 20,550,887,837 shares. This decision, made during the company’s Extraordinary Shareholders’ Meeting on June 26, 2025, reflects LATAM’s strategic move to enhance shareholder value amidst ongoing market activities.
On July 29, 2025, LATAM Airlines Group S.A. announced an increase in the price of its OFB (Oferta Firme en Bloque) on the Santiago Stock Exchange from CLP$19.00 to CLP$20.6 per share. This decision, part of a share repurchase program approved in June 2025, reflects the company’s strategic financial adjustments and could impact shareholder value positively.
On July 28, 2025, LATAM Airlines Group S.A. released its interim consolidated financial statements for the period ending June 30, 2025. The release of these financial statements provides stakeholders with insights into the company’s financial health and operational performance during this period, which is crucial for assessing its market positioning and future prospects.
LATAM Airlines Group S.A. reported its strongest-ever second quarter in 2025, achieving a 12.9% adjusted operating margin and an 8.3% increase in capacity. The company demonstrated robust financial performance with historic highs in operating revenue, adjusted EBITDAR, and net income, reflecting its solid strategy and favorable market conditions. LATAM also returned $445 million to shareholders and announced a second share repurchase program, highlighting its strong financial position. Additionally, the company successfully refinanced its high-interest debt, reducing its cost of debt and generating significant savings. LATAM’s operational growth was marked by fleet expansion and new route launches, further strengthening its market position. The company continued to invest in enhancing customer experience and sustainability initiatives, maintaining high customer satisfaction levels.