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| Date | Value |
|---|---|
| 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% |