Latam Airlines (LTM) Change in Working Capital (2024 - 2026)
Latam Airlines posted quarterly Change in Working Capital of -$245.1 million for Q1 2026, down 6.82% year-on-year from -$263.1 million in Q1 2025, and down 218.78% on a QoQ basis from $206.4 million in Q4 2025.
Latam Airlines (LTM) has 3 years of Change in Working Capital data on file, last reported at -$245.1 million in Q1 2026.
- For the quarter ending Q1 2026, Change in Working Capital fell 6.82% year-over-year to -$245.1 million; the trailing twelve-month figure through Mar 2026 stood at -$245.1 million (down 6.82% YoY), and the FY2025 full-year result was $206.4 million, down 29.44% from the prior year.
- Change in Working Capital for Q1 2026 stood at -$245.1 million, down from $206.4 million in the prior quarter.
- Across five years, Change in Working Capital topped out at $349.6 million in Q2 2024 and bottomed at -$246.6 million in Q1 2024.
- The 3-year median for Change in Working Capital is -$146.5 million (2025), against an average of -$17.1 million.
- Peak annual rise in Change in Working Capital reached 6.95% in 2025, while the deepest fall reached 341.7% in 2025.
- A 3-year view of Change in Working Capital shows it stood at $292.5 million in 2024, then declined by 29.44% to $206.4 million in 2025, then tumbled by 218.78% to -$245.1 million in 2026.
- The last three Change in Working Capital figures came in at -$245.1 million (Q1 2026), $206.4 million (Q4 2025), and -$230.3 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Working Capital (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 53.78 Bn | 48.72 Bn | 15.19 Bn | - |
| 2 | Southwest Airlines | 21.39 Bn | 18.06 Bn | 6.21 Bn | - |
| 3 | Grupo Aeromexico, S.A.B. de C.V | 18.50 Bn | 17.47 Bn | -239.00 Mn | -26.00 Mn |
| 4 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 8.98 Bn | 8.98 Bn | - | - |
| 5 | Alaska Air | 5.26 Bn | 3.49 Bn | 3.20 Bn | - |
| 6 | Skywest | 3.43 Bn | 2.80 Bn | 924.11 Mn | - |
| 7 | Copa Holdings | 3.33 Bn | 1.99 Bn | 713.71 Mn | - |
| 8 | Jetblue Airways | 2.03 Bn | -140.72 Mn | 1.87 Bn | - |
| 9 | Allegiant Travel | 1.67 Bn | 765.78 Mn | 651.87 Mn | - |
| 10 | Latam Airlines | 237.16 Mn | -2.43 Bn | 1.28 Mn | -245.14 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -245.14 Mn |
| Mar 31, 2026 | -245.14 Mn |
| Dec 31, 2025 | 206.38 Mn |
| Dec 31, 2025 | 206.38 Mn |
| Sep 30, 2025 | -230.34 Mn |
| Sep 30, 2025 | -230.34 Mn |
| Jun 30, 2025 | -146.53 Mn |
| Jun 30, 2025 | -146.53 Mn |
| Mar 31, 2025 | -229.49 Mn |
| Mar 31, 2025 | -229.49 Mn |
| Dec 31, 2024 | 292.48 Mn |
| Dec 31, 2024 | 292.48 Mn |
| Sep 30, 2024 | 95.30 Mn |
| Sep 30, 2024 | 95.30 Mn |
| Jun 30, 2024 | 349.63 Mn |
| Jun 30, 2024 | 349.63 Mn |
| Mar 31, 2024 | -246.62 Mn |
| Mar 31, 2024 | -246.62 Mn |