Latam Airlines (LTM) Tax Rate (2010 - 2026)
Latam Airlines posted quarterly Tax Rate of 8.38% for Q1 2026, down 629.0% year-on-year from 1.58% in Q1 2025, and down 129.7% on a QoQ basis from 28.2% in Q4 2025.
Latam Airlines (LTM) has 16 years of Tax Rate data on file, last reported at 8.38% in Q1 2026.
- For the quarter ending Q1 2026, Tax Rate fell 629.0% year-over-year to 8.38%; the trailing twelve-month figure through Mar 2026 stood at 28.11% (up 2483.0% YoY), and the FY2025 full-year result was 9.58%, up 792.0% from the prior year.
- Tax Rate for Q1 2026 stood at 8.38%, down from 28.2% in the prior quarter.
- Across five years, Tax Rate topped out at 28.2% in Q4 2025 and bottomed at 15.53% in Q3 2025.
- The 5-year median for Tax Rate is 0.02% (2022), against an average of 0.14%.
- The widest annual swing landed in 2022, when Tax Rate jumped 3189 bps; it then sank 1554 bps in 2025.
- A 5-year view of Tax Rate shows it stood at 0.32% in 2022, then surged by 2263 bps to 7.68% in 2023, then climbed by 13 bps to 8.65% in 2024, then jumped by 226 bps to 28.2% in 2025, then sank by 130 bps to 8.38% in 2026.
- The last three Tax Rate figures came in at 8.38% (Q1 2026), 28.2% (Q4 2025), and 15.53% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 53.78 Bn | 48.72 Bn | 15.19 Bn | -35.05 |
| 2 | Southwest Airlines | 21.39 Bn | 18.06 Bn | 6.21 Bn | 20.35 |
| 3 | Grupo Aeromexico, S.A.B. de C.V | 18.50 Bn | 17.47 Bn | -239.00 Mn | - |
| 4 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 8.98 Bn | 8.98 Bn | - | -20.22 |
| 5 | Alaska Air | 5.26 Bn | 3.49 Bn | 3.20 Bn | 39.12 |
| 6 | Skywest | 3.43 Bn | 2.80 Bn | 924.11 Mn | 5.64 |
| 7 | Copa Holdings | 3.33 Bn | 1.99 Bn | 713.71 Mn | - |
| 8 | Jetblue Airways | 2.03 Bn | -140.72 Mn | 1.87 Bn | 5.06 |
| 9 | Allegiant Travel | 1.67 Bn | 765.78 Mn | 651.87 Mn | 35.66 |
| 10 | Latam Airlines | 237.16 Mn | -2.43 Bn | 1.28 Mn | -8.38 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -8.38 |
| Mar 31, 2026 | -8.38 |
| Dec 31, 2025 | 28.20 |
| Dec 31, 2025 | 28.20 |
| Sep 30, 2025 | -15.53 |
| Sep 30, 2025 | -15.53 |
| Jun 30, 2025 | -4.53 |
| Jun 30, 2025 | -4.53 |
| Mar 31, 2025 | -2.09 |
| Mar 31, 2025 | -2.09 |
| Dec 31, 2024 | 8.65 |
| Dec 31, 2024 | 8.65 |
| Sep 30, 2024 | 0.01 |
| Sep 30, 2024 | 0.01 |
| Jun 30, 2024 | -6.97 |
| Jun 30, 2024 | -6.97 |
| Mar 31, 2024 | -5.50 |
| Mar 31, 2024 | -5.50 |
| Dec 31, 2023 | 7.68 |
| Dec 31, 2023 | 7.68 |
| Sep 30, 2023 | 0.00 |
| Sep 30, 2023 | 0.00 |
| Jun 30, 2023 | -1.90 |
| Jun 30, 2023 | -1.90 |
| Mar 31, 2023 | 0.00 |
| Mar 31, 2023 | 0.00 |
| Dec 31, 2022 | 0.32 |
| Dec 31, 2022 | 0.32 |
| Sep 30, 2022 | -0.02 |
| Sep 30, 2022 | -0.02 |
| Jun 30, 2022 | 0.38 |
| Jun 30, 2022 | 0.38 |
| Mar 31, 2022 | -2.78 |
| Mar 31, 2022 | -2.78 |
| Dec 31, 2021 | -13.92 |
| Dec 31, 2021 | -13.92 |
| Sep 30, 2021 | -11.59 |
| Sep 30, 2021 | -11.59 |
| Jun 30, 2021 | -31.52 |
| Jun 30, 2021 | -31.52 |
| Mar 31, 2021 | -33.34 |
| Mar 31, 2021 | -33.34 |
| Dec 31, 2020 | 10.79 |
| Dec 31, 2020 | 10.79 |
| Sep 30, 2020 | -19.73 |
| Sep 30, 2020 | -19.73 |
| Mar 31, 2020 | 10.55 |
| Mar 31, 2020 | 10.55 |
| Dec 31, 2019 | -0.04 |
| Dec 31, 2019 | -0.04 |
| Sep 30, 2019 | 58.74 |
| Sep 30, 2019 | 58.74 |
| Jun 30, 2019 | -5.61 |
| Jun 30, 2019 | -5.61 |
| Mar 31, 2019 | 29.94 |
| Mar 31, 2019 | 29.94 |
| Dec 31, 2018 | -14.93 |
| Dec 31, 2018 | -14.93 |
| Sep 30, 2018 | 231.50 |
| Sep 30, 2018 | 231.50 |
| Jun 30, 2018 | -6.32 |
| Jun 30, 2018 | -6.32 |
| Mar 31, 2018 | -28.99 |
| Mar 31, 2018 | -28.99 |
| Dec 31, 2017 | -46.36 |
| Dec 31, 2017 | -46.36 |
| Sep 30, 2017 | -12.77 |
| Sep 30, 2017 | -12.77 |
| Jun 30, 2017 | 29.20 |
| Jun 30, 2017 | 29.20 |
| Mar 31, 2017 | -41.69 |
| Mar 31, 2017 | -41.69 |
| Dec 31, 2016 | -59.59 |
| Dec 31, 2016 | -59.59 |
| Sep 30, 2016 | -76.26 |
| Sep 30, 2016 | -76.26 |
| Jun 30, 2016 | 275.74 |
| Jun 30, 2016 | 275.74 |
| Mar 31, 2016 | -41.50 |
| Mar 31, 2016 | -41.50 |
| Dec 31, 2015 | -49.95 |
| Dec 31, 2015 | -49.95 |
| Sep 30, 2015 | -44.27 |
| Sep 30, 2015 | -44.27 |
| Jun 30, 2015 | -22.55 |
| Jun 30, 2015 | -22.55 |
| Mar 31, 2015 | -49.25 |
| Mar 31, 2015 | -49.25 |
| Dec 31, 2014 | -448.25 |
| Dec 31, 2014 | -448.25 |
| Sep 30, 2014 | 150.72 |
| Sep 30, 2014 | 150.72 |
| Jun 30, 2014 | 42.68 |
| Jun 30, 2014 | 42.68 |
| Mar 31, 2014 | 46.97 |
| Mar 31, 2014 | 46.97 |
| Mar 31, 2012 | -16.48 |
| Mar 31, 2012 | -16.48 |
| Dec 31, 2011 | -1,321.17 |
| Dec 31, 2011 | -1,321.17 |
| Sep 30, 2011 | -15.36 |
| Sep 30, 2011 | -15.36 |
| Mar 31, 2011 | -17.20 |
| Mar 31, 2011 | -17.20 |
| Dec 31, 2010 | -1,462.12 |
| Dec 31, 2010 | -1,462.12 |
| Sep 30, 2010 | -15.59 |
| Sep 30, 2010 | -15.59 |