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

Latam Airlines (LTM) reported Net Margin of 14.12% for Q1 2026, up 350.0% on a YoY basis from 3.14% in Q1 2025, and up 15.1% quarter-over-quarter from 12.26% in Q4 2025.

Latam Airlines (LTM) Net Margin (2009 - 2026) Analysis & Trends

Latam Airlines has reported Net Margin for 17 years, with the latest figure at 14.12% in Q1 2026.

  • For the quarter ending Q1 2026, Net Margin rose 350.0% year-over-year to 14.12%; the trailing twelve-month figure through Mar 2026 stood at 0.01% (down 766.0% YoY), and the FY2025 full-year result was 10.23%, up 262.0% from the prior year.
  • Net Margin for Q1 2026 stood at 14.12%, up from 12.26% in the prior quarter.
  • The five-year high for Net Margin was 95.42% in Q4 2022, with the low at 19401071243895.58% in Q1 2022.
  • Historically, Net Margin has averaged 1141239484925.93% across 5 years, with a median of 5.27% in 2023.
  • Annual changes were most pronounced in 2022 — Net Margin slumped 2000000000 bps — and 2023, when it surged 2000000000 bps.
  • Latam Airlines' Net Margin stood at 95.42% in 2022, then tumbled by 94 bps to 5.27% in 2023, then fell by 3 bps to 5.14% in 2024, then surged by 139 bps to 12.26% in 2025, then increased by 15 bps to 14.12% in 2026.
  • The last three Net Margin figures came in at 14.12% (Q1 2026), 12.26% (Q4 2025), and 0.0% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Margin (Qtr)
1 Ryanair Holdings 453.97 Bn 448.50 Bn 1.55 Bn -19.61%
2 Delta Air Lines 54.89 Bn 49.84 Bn 15.19 Bn -1.82%
3 Grupo Aeromexico, S.A.B. de C.V 47.52 Bn 46.49 Bn -239.00 Mn 17.11%
4 Southwest Airlines 23.88 Bn 20.55 Bn 6.21 Bn 3.13%
5 Copa Holdings 6.22 Bn 4.88 Bn 713.71 Mn 19.94%
6 Alaska Air 5.64 Bn 3.87 Bn 3.20 Bn -5.85%
7 Skywest 3.71 Bn 3.08 Bn 924.11 Mn 10.04%
8 Controladora Vuela Compania de Aviacion, S.A.B. de C.V 2.23 Bn 2.23 Bn - -13.90%
9 Jetblue Airways 2.11 Bn -62.86 Mn 1.87 Bn -14.24%
10 Latam Airlines 247.02 Mn -2.43 Bn 1.28 Mn 14.12%

Historic Data

Download Data
DateValue
Mar 31, 2026 14.12%
Dec 31, 2025 12.26%
Sep 30, 2025 0.00%
Jun 30, 2025 7.45%
Mar 31, 2025 10.61%
Dec 31, 2024 5.14%
Sep 30, 2024 10.30%
Jun 30, 2024 4.88%
Mar 31, 2024 7.91%
Dec 31, 2023 5.27%
Sep 30, 2023 0.00%
Jun 30, 2023 5.52%
Mar 31, 2023 0.01%
Dec 31, 2022 95.42%
Sep 30, 2022 -0.01%
Jun 30, 2022 -24.04%
Mar 31, 2022 -19,401,071,243,895.58%
Dec 31, 2021 -133.21%
Sep 30, 2021 0.00%
Jun 30, 2021 0.00%