Latam Airlines (LTM) Cost of Revenue (2009 - 2026)
Latam Airlines (LTM) posted Cost of Revenue of $82.2 million for Q1 2026, up 12.21% on a QoQ basis from $73.2 million in Q4 2025, and up 53.15% year-over-year from $53.7 million in Q1 2025.
Latam Airlines (LTM) Cost of Revenue (2009 - 2026) Analysis & Trends
Latam Airlines' Cost of Revenue history runs 18 years deep, the most recent figure standing at $82.2 million for Q1 2026.
- Quarterly Cost of Revenue rose 53.15% year-over-year to $82.2 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $226.6 million (up 33.05% YoY) and the FY2025 annual result came in at $10.1 billion, up 3485.94% from the prior year.
- Cost of Revenue was $82.2 million for Q1 2026 at Latam Airlines, up from $73.2 million in the prior quarter.
- Across five years, Cost of Revenue topped out at $82.2 million in Q1 2026 and bottomed at $1.8 million in Q1 2022.
- A 5-year average of $33.6 million and a median of $46.8 million in 2022 frame the typical range for Cost of Revenue.
- Annual changes were most pronounced in 2022 — Cost of Revenue soared 3349.92% — and 2023, when it slumped 95.3%.
- Latam Airlines' Cost of Revenue stood at $49.7 million in 2022, then soared by 30.53% to $64.9 million in 2023, then slipped by 17.5% to $53.5 million in 2024, then jumped by 36.8% to $73.2 million in 2025, then advanced by 12.21% to $82.2 million in 2026.
- Business Quant data shows LTM's Cost of Revenue at $82.2 million in Q1 2026, $73.2 million in Q4 2025, and $68.9 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Latam Airlines | 30,820.50 Bn | 30,817.83 Bn | 1.28 Mn | 82.17 Mn |
| 2 | Ryanair Holdings | 60.62 Bn | 57.43 Bn | - | - |
| 3 | Delta Air Lines | 56.47 Bn | 51.80 Bn | 19.07 Bn | 688.00 Mn |
| 4 | Southwest Airlines | 22.19 Bn | 18.40 Bn | 7.33 Bn | 1.10 Bn |
| 5 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 8.95 Bn | 8.12 Bn | - | - |
| 6 | Copa Holdings | 5.72 Bn | 4.39 Bn | 713.71 Mn | 249.18 Mn |
| 7 | Alaska Air | 5.41 Bn | 3.64 Bn | 3.20 Bn | 99.00 Mn |
| 8 | Skywest | 4.36 Bn | 3.75 Bn | 1.01 Bn | 91.51 Mn |
| 9 | Jetblue Airways | 2.00 Bn | 1.59 Bn | 1.87 Bn | 366.00 Mn |
| 10 | Allegiant Travel | 1.82 Bn | 915.81 Mn | 651.87 Mn | 19.93 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 82.17 Mn |
| Mar 31, 2026 | 82.17 Mn |
| Dec 31, 2025 | 73.22 Mn |
| Dec 31, 2025 | 73.22 Mn |
| Sep 30, 2025 | 68.89 Mn |
| Sep 30, 2025 | 68.89 Mn |
| Jun 30, 2025 | 2.37 Mn |
| Jun 30, 2025 | 2.37 Mn |
| Mar 31, 2025 | 53.65 Mn |
| Mar 31, 2025 | 53.65 Mn |
| Dec 31, 2024 | 53.53 Mn |
| Dec 31, 2024 | 53.53 Mn |
| Sep 30, 2024 | 60.82 Mn |
| Sep 30, 2024 | 60.82 Mn |
| Jun 30, 2024 | 2.35 Mn |
| Jun 30, 2024 | 2.35 Mn |
| Mar 31, 2024 | 2.39 Mn |
| Mar 31, 2024 | 2.39 Mn |
| Dec 31, 2023 | 64.88 Mn |
| Dec 31, 2023 | 64.88 Mn |