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
DateValue
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