Latam Airlines (LTM) Operating Margin (2009 - 2026)
Latam Airlines (LTM) reported Operating Margin of 20156.83% for Q1 2026, up 303768.0% on a YoY basis from N/an in Q1 2025, and up 120299.81% quarter-over-quarter from 16.74% in Q4 2025.
Latam Airlines (LTM) Operating Margin (2009 - 2026) Analysis & Trends
Latam Airlines has reported Operating Margin for 17 years, with the latest figure at 20156.83% in Q1 2026.
- For the quarter ending Q1 2026, Operating Margin rose 303768.0% year-over-year to 20156.83%; the trailing twelve-month figure through Mar 2026 stood at 0.07% (down 2640.0% YoY), and the FY2025 full-year result was 16.37%, up 436.0% from the prior year.
- Operating Margin for Q1 2026 stood at 20156.83%, up from 16.74% in the prior quarter.
- The five-year high for Operating Margin was 20156.83% in Q1 2026, with the low at 16514690.19% in Q2 2022.
- Historically, Operating Margin has averaged 1172319.5% across 5 years, with a median of 13.65% in 2024.
- Annual changes were most pronounced in 2022 — Operating Margin sank 1651469015 bps — and 2023, when it jumped 1652499208 bps.
- Latam Airlines' Operating Margin stood at 8.01% in 2022, then soared by 35 bps to 10.84% in 2023, then grew by 26 bps to 13.65% in 2024, then advanced by 23 bps to 16.74% in 2025, then jumped by 120300 bps to 20156.83% in 2026.
- The last three Operating Margin figures came in at 20156.83% (Q1 2026), 16.74% (Q4 2025), and 0.02% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ryanair Holdings | 453.97 Bn | 448.50 Bn | 1.55 Bn | -20.08% |
| 2 | Delta Air Lines | 54.89 Bn | 49.84 Bn | 15.19 Bn | 3.16% |
| 3 | Grupo Aeromexico, S.A.B. de C.V | 47.52 Bn | 46.49 Bn | -239.00 Mn | 186.84% |
| 4 | Southwest Airlines | 23.88 Bn | 20.55 Bn | 6.21 Bn | 4.55% |
| 5 | Copa Holdings | 6.22 Bn | 4.88 Bn | 713.71 Mn | 21.77% |
| 6 | Alaska Air | 5.64 Bn | 3.87 Bn | 3.20 Bn | -8.45% |
| 7 | Skywest | 3.71 Bn | 3.08 Bn | 924.11 Mn | 12.21% |
| 8 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 2.23 Bn | 2.23 Bn | - | -2.73% |
| 9 | Jetblue Airways | 2.11 Bn | -62.86 Mn | 1.87 Bn | -10.00% |
| 10 | Latam Airlines | 247.02 Mn | -2.43 Bn | 1.28 Mn | 20,156.83% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 20,156.83% |
| Dec 31, 2025 | 16.74% |
| Sep 30, 2025 | 0.02% |
| Jun 30, 2025 | 13,308.36% |
| Mar 31, 2025 | 17,119.15% |
| Dec 31, 2024 | 13.65% |
| Sep 30, 2024 | 14.01% |
| Jun 30, 2024 | 9,177.68% |
| Mar 31, 2024 | 14,162.13% |
| Dec 31, 2023 | 10.84% |
| Sep 30, 2023 | 0.01% |
| Jun 30, 2023 | 10,301.89% |
| Mar 31, 2023 | 0.01% |
| Dec 31, 2022 | 8.01% |
| Sep 30, 2022 | -4.82% |
| Jun 30, 2022 | -16,514,690.19% |
| Mar 31, 2022 | -3,499,025.79% |
| Dec 31, 2021 | 8.51% |
| Sep 30, 2021 | -0.04% |
| Jun 30, 2021 | -0.04% |