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

Latam Airlines (LTM) has 17 years of Operating Expenses data on file, last reported 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.
• Across five years, Operating Expenses topped out at -$159913.0 in Q1 2022 and bottomed at -$3.3 billion in Q1 2026.
• The 5-year median for Operating Expenses is -$2.8 billion (2024), against an average of -$2.5 billion.
• The widest annual swing landed in 2022, when Operating Expenses soared 99.99%; it then plunged 1569743.6% in 2023.
• A 5-year view of Operating Expenses shows it stood at -$2.5 billion in 2022, then retreated by 14.82% to -$2.9 billion in 2023, then dropped by 1.14% to -$2.9 billion in 2024, then declined by 12.3% to -$3.3 billion in 2025, then slipped 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.

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