Latam Airlines (LTM) Operating Expenses (2009 - 2026)

Latam Airlines has reported Operating Expenses for 17 years, with the latest figure at -$3.3 billion in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses fell 17.7% year-over-year to -$3.3 billion; the trailing twelve-month figure through Mar 2026 stood at -$12.7 billion (down 11.48% YoY), and the FY2025 full-year result was -$12.2 billion, down 6.91% from the prior year.
• Operating Expenses for Q1 2026 stood at -$3.3 billion, down from -$3.3 billion in the prior quarter.
• The five-year high for Operating Expenses was -$2.4 billion in Q2 2023, with the low at -$2338.4 billion in Q2 2022.
• Historically, Operating Expenses has averaged -$259.3 billion across 5 years, with a median of -$2.9 billion in 2025.
• Annual changes were most pronounced in 2022 — Operating Expenses plunged 187504.42% — and 2023, when it soared 99.9%.
• Latam Airlines' Operating Expenses stood at -$2.5 billion in 2022, then fell by 14.82% to -$2.9 billion in 2023, then slipped by 1.14% to -$2.9 billion in 2024, then dropped by 12.3% to -$3.3 billion in 2025, then decreased by 1.43% to -$3.3 billion in 2026.
• The last three Operating Expenses figures came in at -$3.3 billion (Q1 2026), -$3.3 billion (Q4 2025), and -$3.2 billion (Q3 2025), per Business Quant data.