Latam Airlines (LTM) Change in Taxes (2009 - 2026)

Latam Airlines (LTM) reported Change in Taxes of -$52.8 million for Q1 2026, down 240026.4% on a YoY basis from N/an in Q1 2025, and up 19.88% quarter-over-quarter from -$65.9 million in Q4 2025.

Latam Airlines (LTM) Change in Taxes (2009 - 2026) Analysis & Trends

Latam Airlines has reported Change in Taxes for 17 years, with the latest figure at -$52.8 million in Q1 2026.

  • For the quarter ending Q1 2026, Change in Taxes fell 240026.4% year-over-year to -$52.8 million; the trailing twelve-month figure through Mar 2026 stood at -$118.8 million (down 1352.66% YoY), and the FY2025 full-year result was -$155.1 million, down 840.37% from the prior year.
  • Change in Taxes for Q1 2026 stood at -$52.8 million, up from -$65.9 million in the prior quarter.
  • The five-year high for Change in Taxes was $10.9 billion in Q1 2022, with the low at -$11.5 billion in Q2 2023.
  • Historically, Change in Taxes has averaged -$162.6 million across 5 years, with a median of -$14.3 million in 2022.
  • Annual changes were most pronounced in 2022 — Change in Taxes jumped 4922.38% — and 2026, when it tumbled 240026.4%.
  • Latam Airlines' Change in Taxes stood at -$14.3 million in 2022, then slumped by 56.53% to -$22.4 million in 2023, then grew by 17.83% to -$18.4 million in 2024, then tumbled by 258.05% to -$65.9 million in 2025, then advanced by 19.88% to -$52.8 million in 2026.
  • The last three Change in Taxes figures came in at -$52.8 million (Q1 2026), -$65.9 million (Q4 2025), and -$82298.0 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change in Taxes (Qtr)
1 Ryanair Holdings 453.97 Bn 448.50 Bn 1.55 Bn -
2 Delta Air Lines 54.89 Bn 49.84 Bn 15.19 Bn -
3 Grupo Aeromexico, S.A.B. de C.V 47.52 Bn 46.49 Bn -239.00 Mn -
4 Southwest Airlines 23.88 Bn 20.55 Bn 6.21 Bn -
5 Copa Holdings 6.22 Bn 4.88 Bn 713.71 Mn -19.33 Mn
6 Alaska Air 5.64 Bn 3.87 Bn 3.20 Bn -
7 Skywest 3.71 Bn 3.08 Bn 924.11 Mn -
8 Controladora Vuela Compania de Aviacion, S.A.B. de C.V 2.23 Bn 2.23 Bn - -
9 Jetblue Airways 2.11 Bn -62.86 Mn 1.87 Bn -
10 Latam Airlines 247.02 Mn -2.43 Bn 1.28 Mn -52.81 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -52.81 Mn
Mar 31, 2026 -52.81 Mn
Dec 31, 2025 -65.92 Mn
Dec 31, 2025 -65.92 Mn
Sep 30, 2025 -82,298.00
Sep 30, 2025 -82,298.00
Jun 30, 2025 -37,724.00
Jun 30, 2025 -37,724.00
Mar 31, 2025 -21,993.00
Mar 31, 2025 -21,993.00
Dec 31, 2024 -18.41 Mn
Dec 31, 2024 -18.41 Mn
Sep 30, 2024 27.95 Mn
Sep 30, 2024 27.95 Mn
Jun 30, 2024 -29,372.00
Jun 30, 2024 -29,372.00
Mar 31, 2024 -15.14 Mn
Mar 31, 2024 -15.14 Mn
Dec 31, 2023 -22.41 Mn
Dec 31, 2023 -22.41 Mn