LATAM Airlines Group S.A. LTM
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Full analysis: 28 Jul 2026
Latest news check: 6 Aug 2026
General analysis — not personal advice.
BUY
7/10
Confidence
A full position may be justified at current valuation given cash flow and buyback support.
Strong profitability, raised EBITDA guidance and the buyback program support the add signal despite jurisdiction risk.
Market sentiment
8/10
↑
Trend: Improving
The market reacts positively to the strong report, raised guidance and buyback program despite higher fuel costs.
Price context
The stock closed at 55.66 USD after the report and trades about 19 percent below its 52-week high despite a 29.5 percent gain over the past year.
Risk assessment
6/10
Dilution:
Low
Strong cash position and focus on buybacks rather than issuance
Jurisdiction:
Medium
Operations in Brazil, Chile and Peru with political and FX volatility
Execution:
Low
Proven operational discipline post-Chapter 11 exit
Recent changes
- Report shows raised full-year guidance and approved buyback program following strong profitability.
About the company
LATAM Airlines Group is Latin America's largest airline group with passenger and cargo operations in Chile, Brazil, Colombia, Ecuador and Peru plus international routes. The company has recovered strongly after its 2022 Chapter 11 restructuring and reports profitability with growing capacity.
Sector:
Airlines
Type:
Industrial
Next report
5 Nov 2026
Q3
Catalysts
Aug 2026
Extraordinary meeting buyback
High
Dec 2026
Fleet deliveries H2
Medium
Horizon:
Bull case
Raised full-year guidance and buyback mandate strengthen the outlook for profitable growth and share repurchases.
Bear case
Higher fuel prices and currency effects may continue to pressure margins in the second half.
Sensitivity analysis
| Factor | If it weakens | If it strengthens |
|---|---|---|
| Fuel price | Higher fuel prices raise CASK and compress margins despite capacity growth. | Lower fuel prices improve CASK and further strengthen EBITDA margins. |
| Brazilian real | Weaker real reduces USD revenues and pressures profitability in the largest market. | Stronger real increases USD revenues and improves cash flow from Brazil. |
We monitor these factors. Follow the company to get email when any of them hit.
Signal rationale (informational)
Strong profitability, raised EBITDA guidance and the buyback program support the add signal despite jurisdiction risk.
Recent news
- LATAM released Q2 2026 results with revenue of 4.18 billion USD and raised full-year adjusted EBITDA guidance to 4.1–4.4 billion USD. An extraordinary general meeting approved a share buyback program of up to 5 percent of shares.
Key figures
Revenue
Q2 2026
USD 4.2B
Revenue TTM
TTM
USD 15.0B
EBITDA
Q2 2026
USD 713M
Net income
Q2 2026
USD 125M
Cash
Q1 2026
USD 2.5B
Total debt
Q1 2026
USD 8.4B
Gross margin
Q1 2026
31.3%
Shares outstanding
Q1 2026
287M
EPS
Q2 2026
USD 0.44
Price & valuation
Last close
USD 53.74
Market Cap
USD 15.4B
1 week
-6.9 %
3 months
+12.6 %
12 months
+24.1 %
From 52w high
-21.5 %
From 52w low
+29.2 %
Exchange
NYSE
Type
Industrials
Sector
Airlines
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Firelda provides general information and analysis, not personal investment advice. Content does not consider your financial situation or goals. Investments can rise and fall in value. Always do your own research.