Latam Airlines (LTM) Gross Margin (2009 - 2026)
Latam Airlines posted quarterly Gross Margin of 31.3% for Q1 2026, down 2778186.0% year-on-year from N/an in Q1 2025, and down 70.27% on a QoQ basis from 105.27% in Q4 2025.
Latam Airlines (LTM) has 17 years of Gross Margin data on file, last reported at 31.3% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin fell 2778186.0% year-over-year to 31.3%; the trailing twelve-month figure through Mar 2026 stood at 0.11% (down 9604.0% YoY), and the FY2025 full-year result was 29.16%, up 370.0% from the prior year.
- Gross Margin for Q1 2026 stood at 31.3%, down from 105.27% in the prior quarter.
- Across five years, Gross Margin topped out at 27813.16% in Q1 2025 and bottomed at 0.0% in Q3 2022.
- The 5-year median for Gross Margin is 27.03% (2025), against an average of 4733.43%.
- The widest annual swing landed in 2024, when Gross Margin jumped 2673053 bps; it then sank 2778186 bps in 2026.
- A 5-year view of Gross Margin shows it stood at 45.85% in 2022, then surged by 89 bps to 86.8% in 2023, then rose by 11 bps to 96.16% in 2024, then grew by 9 bps to 105.27% in 2025, then tumbled by 70 bps to 31.3% in 2026.
- The last three Gross Margin figures came in at 31.3% (Q1 2026), 105.27% (Q4 2025), and 0.0% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 53.78 Bn | 48.72 Bn | 15.19 Bn | 95.80% |
| 2 | Southwest Airlines | 21.39 Bn | 18.06 Bn | 6.21 Bn | 85.69% |
| 3 | Grupo Aeromexico, S.A.B. de C.V | 18.50 Bn | 17.47 Bn | -239.00 Mn | -314.47% |
| 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 | 97.00% |
| 6 | Skywest | 3.43 Bn | 2.80 Bn | 924.11 Mn | 91.21% |
| 7 | Copa Holdings | 3.33 Bn | 1.99 Bn | 713.71 Mn | 74.12% |
| 8 | Jetblue Airways | 2.03 Bn | -140.72 Mn | 1.87 Bn | 83.66% |
| 9 | Allegiant Travel | 1.67 Bn | 765.78 Mn | 651.87 Mn | 97.03% |
| 10 | Latam Airlines | 237.16 Mn | -2.43 Bn | 1.28 Mn | 31.30% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 31.30% |
| Dec 31, 2025 | 105.27% |
| Sep 30, 2025 | 0.00% |
| Jun 30, 2025 | 27.03% |
| Mar 31, 2025 | 27,813.16% |
| Dec 31, 2024 | 96.16% |
| Sep 30, 2024 | 25,471.80% |
| Jun 30, 2024 | 21.35% |
| Mar 31, 2024 | 26,730.53% |
| Dec 31, 2023 | 86.80% |
| Sep 30, 2023 | 0.00% |
| Jun 30, 2023 | 23.34% |
| Mar 31, 2023 | 0.00% |
| Dec 31, 2022 | 45.85% |
| Sep 30, 2022 | 0.00% |
| Jun 30, 2022 | 7.72% |
| Mar 31, 2022 | 8.08% |
| Dec 31, 2021 | 0.00% |
| Sep 30, 2021 | -6.36% |
| Jun 30, 2021 | -23.46% |
| Mar 31, 2021 | -23.94% |
| Dec 31, 2020 | 0.02% |
| Sep 30, 2020 | -97.25% |
| Jun 30, 2020 | -98.66% |
| Mar 31, 2020 | 18.52% |
| Dec 31, 2019 | 73.76% |
| Sep 30, 2019 | 24,593.90% |
| Jun 30, 2019 | 15,280.02% |
| Mar 31, 2019 | 0.02% |
| Dec 31, 2018 | -54,145.88% |
| Sep 30, 2018 | 0.00% |
| Jun 30, 2018 | 0.02% |
| Mar 31, 2018 | 0.02% |
| Dec 31, 2017 | 0.00% |
| Sep 30, 2017 | 0.02% |
| Jun 30, 2017 | 18.74% |
| Mar 31, 2017 | 21.28% |
| Dec 31, 2016 | 78.67% |
| Sep 30, 2016 | 0.00% |
| Jun 30, 2016 | 0.01% |
| Mar 31, 2016 | 24,608.13% |
| Dec 31, 2015 | 0.00% |
| Sep 30, 2015 | 20,589.25% |
| Jun 30, 2015 | 15,990.36% |
| Mar 31, 2015 | 24.37% |
| Dec 31, 2014 | 20.42% |
| Sep 30, 2014 | 19.93% |
| Jun 30, 2014 | 18.70% |
| Mar 31, 2014 | 20.56% |
| Sep 30, 2012 | 0.02% |
| Jun 30, 2012 | 62.51% |
| Mar 31, 2012 | 0.00% |
| Dec 31, 2011 | 0.00% |
| Sep 30, 2011 | 0.00% |
| Jun 30, 2011 | 67.64% |
| Mar 31, 2011 | 0.03% |
| Dec 31, 2010 | 0.00% |
| Sep 30, 2010 | 0.00% |
| Jun 30, 2010 | 73.17% |
| Dec 31, 2009 | 75.35% |