Latam Airlines (LTM) Gross Margin (2009 - 2026)

Latam Airlines has reported Gross Margin for 17 years, with the latest figure at 31.3% in Q1 2026.

• For the quarter ending Q1 2026, Gross Margin rose 297.0% year-over-year to 31.3%; the trailing twelve-month figure through Mar 2026 stood at 0.11% (down 4874.0% 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.
• The five-year high for Gross Margin was 7903192.96% in Q1 2022, with the low at 0.0% in Q3 2022.
• Historically, Gross Margin has averaged 464926.63% across 5 years, with a median of 26.73% in 2024.
• Annual changes were most pronounced in 2022 — Gross Margin surged 790319296 bps — and 2023, when it tumbled 790319296 bps.
• Latam Airlines' Gross Margin stood at 105.67% in 2022, then decreased by 18 bps to 86.8% in 2023, then increased by 11 bps to 96.16% in 2024, then climbed by 9 bps to 105.27% in 2025, then plunged 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.