Growth Metrics

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

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DateValue
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