LTM · LATAM Airlines Group S.A.

LATAM Airlines Group reported a strong first quarter of 2026, with revenue increasing 21.9% to $4,080.6 million from $3,348.5 million in the same period last year. The improvement was driven by higher passenger traffic and yield, as well as cargo revenue growth. Gross margin expanded to 31.3% from 28.3%, reflecting better cost control and operational efficiencies. Operating income rose 45.3% to $811.3 million, while net income attributable to parent shareholders surged 62.0% to $576.0 million. Diluted earnings per share increased to $0.001003 from $0.000588. The company's balance sheet strengthened, with cash and cash equivalents rising to $2,540.8 million from $2,150.1 million at year-end 2025. Total assets grew 6.1% to $18,709.2 million, while total equity increased to $1,926.7 million from $1,337.2 million. The filing did not include any forward guidance or management commentary. The strong operational performance and improved profitability underscore LATAM's successful restructuring and recovery in air travel demand.