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

Latam Airlines' Operating Expenses history runs 18 years deep, the most recent figure standing at -$3.3 billion for Q1 2026.

• Quarterly Operating Expenses fell 17.7% year-over-year to -$3.3 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$12.7 billion (down 11.48% YoY) and the FY2025 annual result came in at -$12.2 billion, down 6.91% from the prior year.
• Operating Expenses was -$3.3 billion for Q1 2026 at Latam Airlines, down from -$3.3 billion in the prior quarter.
• Across five years, Operating Expenses topped out at -$2.4 billion in Q2 2023 and bottomed at -$2027.6 billion in Q1 2022.
• A 5-year average of -$121.9 billion and a median of -$2.8 billion in 2025 frame the typical range for Operating Expenses.
• Annual changes were most pronounced in 2022 — Operating Expenses sank 159690.59% — and 2023, when it jumped 99.88%.
• Latam Airlines' Operating Expenses stood at -$2.5 billion in 2022, then decreased by 14.82% to -$2.9 billion in 2023, then declined by 1.14% to -$2.9 billion in 2024, then fell by 12.3% to -$3.3 billion in 2025, then dropped by 1.43% to -$3.3 billion in 2026.
• Business Quant data shows LTM's Operating Expenses at -$3.3 billion in Q1 2026, -$3.3 billion in Q4 2025, and -$3.2 billion in Q3 2025.