LATAM Airlines Group S.A. (LTM) — Financial statements
Income statement, balance sheet, and cash flow for LATAM Airlines Group S.A. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 14,265↑11.2% | 12,833↑10.2% | 11,641↑24.3% | 9,363↑91.7% | 4,884 | |
| Cost of Revenue | 10,105↑5.6% | 9,566↑8.5% | 8,817↑8.8% | 8,103↑63.3% | 4,963 | |
| Gross Profit | 4,160↑27.3% | 3,267↑15.7% | 2,824↑124.3% | 1,259↑1684.3% | -79 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 870↑5.6% | 824↑20.7% | 683↑18.5% | 576↑31.2% | 439 | |
| Selling & Marketing Expenses | 579↓4.5% | 606↑3.2% | 587↑37.7% | 427↑46.2% | 292 | |
| SG&A Expenses | 1,449↑1.3% | 1,431↑12.6% | 1,271↑26.7% | 1,003↑37.2% | 731 | |
| Other Expenses | 375↑27.0% | 295↓37.8% | 475↑149.7% | -956↓136.5% | 2,615 | |
| Operating Expenses | 1,825↑5.7% | 1,726↓1.1% | 1,746↑3578.4% | 47↓98.6% | 3,346 | |
| Total Costs & Expenses | 11,930↑5.6% | 11,292↑6.9% | 10,562↑29.6% | 8,151↓1.9% | 8,310 | |
| Operating Results | ||||||
| Operating Income | 2,336↑51.6% | 1,541↑42.9% | 1,078↓11.0% | 1,212↑135.4% | -3,426 | |
| Depreciation & Amortization | 939↑17.5% | 800 | 0.00 | 0.00 | 0.00 | |
| EBITDA | 3,275↑39.9% | 2,341↑82.9% | 1,279↓43.3% | 2,258↑167.7% | -3,336 | |
| EBIT | 2,336↑51.6% | 1,541↑20.5% | 1,279↓43.3% | 2,258↑167.7% | -3,336 | |
| Interest & Other Income | ||||||
| Net Interest Income | -574↑15.4% | -678↑0.7% | -683↑20.8% | -862↓9.9% | -784 | |
| Interest Income | 146↑2.6% | 142 | 0.00↓100.0% | 50↑136.1% | 21 | |
| Interest Expense | 720↓12.3% | 821↑20.2% | 683↓25.1% | 912↑13.2% | 806 | |
| Non-Operating Income | 0.00 | 0.00↑100.0% | -201↑80.8% | -1,046↓1067.8% | -90 | |
| Other Income / Expenses | -717↓31.0% | -547↓13.6% | -482↓458.2% | 134↑120.4% | -658 | |
| Income Before Tax | 1,619↑62.8% | 994↑66.6% | 596↓55.7% | 1,346↑133.0% | -4,084 | |
| Income Tax Expense | 155↑840.4% | 16↑10.4% | 15↑67.6% | 9↓98.4% | 569 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 1,464↑49.7% | 977↑68.1% | 582↓56.5% | 1,337↑128.7% | -4,653 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 1,460↑49.4% | 977↑67.9% | 582↓56.6% | 1,339↑128.8% | -4,647 | |
| Bottom-Line Net Income | 1,460↑49.4% | 977↑67.9% | 582↓56.6% | 1,339↑128.8% | -4,647 | |
| EPS (Basic) | 5.00↑56.2% | 3.20↑60.0% | 2.00↓92.8% | 27.80↑103.2% | -860.00 | |
| EPS (Diluted) | 5.00↑56.2% | 3.20↑60.0% | 2.00↓92.6% | 27.20↑103.2% | -860.00 | |
| Weighted Average Shares | 295↓2.4% | 302↑0.0% | 302↑525.6% | 48↑788.8% | 5 | |
| Weighted Average Diluted Shares | 295↓2.5% | 302↑0.0% | 302↑513.5% | 49↑806.4% | 5 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.