LATAM 1Q26 net income rises 62.1% to US$576 million; revenue increases 21.7% to US$4.15 billion

• LATAM Airlines Group posted Q1 net income attributable to owners of parent company of USD 576 million, up 62.1% year over year, as revenue climbed 21.7% to USD 4.15 billion.
• Operating income rose 43.5% to USD 811.32 million, lifting operating margin 3 percentage points to 19.5%.
• Capacity increased 10.4% as passengers carried rose 9.1% to 22,880,000, pushing load factor up 2 percentage points to 85.3%.
• Moody’s revised credit rating outlook to positive in March, while Fitch reaffirmed its rating and positive outlook in April, leaving major agencies aligned at BB/Ba2 with positive outlook.
• LATAM replaced full-year 2026 guidance with a new framework, forecasting adjusted EBITDA of USD 3.8 billion to USD 4.2 billion on jet fuel assumptions of USD 170 per barrel for Q2 and Q3 and USD 150 per barrel for Q4.

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