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| Date | Value |
|---|---|
| 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 |