Brazil was Latam Airlines’s largest region in fiscal 2025, bringing in $12.20B of $28.53B (43%).
| Geography | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Brazil | $7.45B | $10.01B | $11.02B | $12.20B | ||||||
| Chile | $3.03B | $3.80B | $3.86B | $4.24B | ||||||
| Chili | — | — | — | — | ||||||
| U.S.A | $2.12B | $2.09B | $2.65B | $2.89B | ||||||
| United States | — | — | — | — | ||||||
| Europe | $1.54B | $1.60B | $1.91B | $2.20B | ||||||
| Peru | $1.72B | $1.98B | $2.26B | $2.57B | ||||||
| Asia Pacific & Rest Of Latin America | $883.65M | $1.32B | $1.42B | $1.53B | ||||||
| Argentina | $413.71M | $488.83M | $478.74M | $634.49M | ||||||
| Colombia | $1.08B | $1.32B | $1.34B | $1.48B | ||||||
| Ecuador | $496.91M | $665.60M | $729.92M | $781.15M | ||||||
| Total | $18.73B | $23.28B | $25.67B | $28.53B |
Latam Airlines brought in $28.53B from its nine regions in fiscal 2025, the year ended December 31, 2025. That was up 11.2% from $25.67B in fiscal 2024. Brazil was the largest at $12.20B (42.8%), ahead of Chile at $4.24B (14.9%) and U.S.A at $2.89B (10.1%). The other six regions brought in $9.20B combined.
Compared with fiscal 2024, Argentina grew fastest, up 32.5% to $634.49M. Every region above 2% of revenue grew. From fiscal 2022 to 2025, combined revenue from these regions grew from $18.73B to $28.53B, a compound annual growth rate of 15.1%. Brazil's share of the total rose from 39.8% to 42.8%.
Passengers was Latam Airlines’s largest revenue line in fiscal 2025, bringing in $25.22B of $28.53B (88%).
| Products and services [axis] | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|
| Passengers | $15.27B | $20.43B | $22.47B | $25.22B | |
| Cargo | $3.45B | $2.85B | $3.20B | $3.31B | |
| Total | $18.73B | $23.28B | $25.67B | $28.53B |
Latam Airlines brought in $28.53B from its two revenue lines in fiscal 2025, the year ended December 31, 2025. That was up 11.2% from $25.67B in fiscal 2024. Passengers was the largest at $25.22B (88.4%), ahead of Cargo at $3.31B (11.6%).
Compared with fiscal 2024, Passengers grew 12.3% to $25.22B and Cargo grew 3.4% to $3.31B. From fiscal 2022 to 2025, combined revenue from these revenue lines grew from $18.73B to $28.53B, a compound annual growth rate of 15.1%. Passengers' share of the total rose from 81.6% to 88.4%.
Passengers was Latam Airlines’s largest revenue line in fiscal 2020, bringing in $5.43B of $7.85B (69%).
| Major customers [axis] | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2020 |
|---|---|---|---|---|---|
| Passenger | $16.08B | — | — | ||
| Passengers | — | $17.42B | $5.43B | ||
| Lan Passenger | — | — | — | ||
| Tam Passenger | — | — | — | ||
| Freight | $2.24B | — | — | ||
| Cargo | $2.24B | $2.37B | $2.42B | ||
| Total | $20.56B | $19.79B | $7.85B |
Latam Airlines brought in $7.85B from its two revenue lines in fiscal 2020, the year ended December 31, 2020. That was down 60.3% from $19.79B in fiscal 2018, the previous year with figures. Passengers was the largest at $5.43B (69.2%), ahead of Cargo at $2.42B (30.8%).
Compared with fiscal 2018, the previous year with figures, Cargo grew 2.0% to $2.42B, while Passengers fell 68.8% to $5.43B.
Latam Airlines began breaking out Passengers in fiscal 2018, when it brought in $17.42B. Latam Airlines stopped reporting Passenger ($16.08B in fiscal 2017) and Freight ($2.24B in fiscal 2017) as separate revenue lines.
Latam Airlines (LTM) reports its revenue by geography, by products and services [axis] and by major customers [axis]. In fiscal 2025, Brazil was its largest region, bringing in $12.20B (42.8% of the total), followed by Chile at $4.24B (14.9%).
Brazil was Latam Airlines' largest region in fiscal 2025, bringing in $12.20B, or 42.8% of the $28.53B total across its nine regions.
Passengers was Latam Airlines' largest revenue line in fiscal 2025, bringing in $25.22B, or 88.4% of the $28.53B total across its two revenue lines.
Among Latam Airlines' regions that make up at least 2% of revenue, Argentina grew fastest in fiscal 2025, up 32.5% from $478.74M to $634.49M.
Every figure comes from Latam Airlines' annual financial filings, as reported. Each line keeps the name Latam Airlines gives it, and years follow its fiscal calendar.
Latam Airlines' revenue by geography goes back to fiscal 2015, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.