Brazil was Latam Airlines’s largest region in fiscal 2025, bringing in $6.10B of $14.27B (43%).
| Geography | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Brazil | $3.72B | $5.01B | $5.51B | $6.10B | |||||||
| Chile | $1.51B | $1.90B | $1.93B | $2.12B | |||||||
| Chili | — | — | — | — | |||||||
| U.S.A | $1.06B | $1.04B | $1.32B | $1.45B | |||||||
| United States | — | — | — | — | |||||||
| Europe | $768.98M | $800.90M | $957.04M | $1.10B | |||||||
| Peru | $858.96M | $988.91M | $1.13B | $1.29B | |||||||
| Asia Pacific & Rest Of Latin America | $441.83M | $661.91M | $710.61M | $763.44M | |||||||
| Argentina | $206.86M | $244.41M | $239.37M | $317.25M | |||||||
| Colombia | $540.23M | $662.26M | $669.21M | $741.89M | |||||||
| Ecuador | $248.45M | $332.80M | $364.96M | $390.58M | |||||||
| Total | $9.36B | $11.64B | $12.83B | $14.27B |
Latam Airlines brought in $14.27B from its nine regions in fiscal 2025, the year ended December 31, 2025. That was up 11.2% from $12.83B in fiscal 2024. Brazil was the largest at $6.10B (42.8%), ahead of Chile at $2.12B (14.9%) and U.S.A at $1.45B (10.1%). The other six regions brought in $4.60B combined.
Compared with fiscal 2024, Argentina grew fastest, up 32.5% to $317.25M. Every region above 2% of revenue grew. From fiscal 2022 to 2025, combined revenue from these regions grew from $9.36B to $14.27B, 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 $12.61B of $14.27B (88%).
| Products and services [axis] | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|
| Passengers | $7.64B | $10.22B | $11.23B | $12.61B | |
| Cargo | $1.73B | $1.43B | $1.60B | $1.65B | |
| Total | $9.36B | $11.64B | $12.83B | $14.27B |
Latam Airlines brought in $14.27B from its two revenue lines in fiscal 2025, the year ended December 31, 2025. That was up 11.2% from $12.83B in fiscal 2024. Passengers was the largest at $12.61B (88.4%), ahead of Cargo at $1.65B (11.6%).
Compared with fiscal 2024, Passengers grew 12.3% to $12.61B and Cargo grew 3.4% to $1.65B. From fiscal 2022 to 2025, combined revenue from these revenue lines grew from $9.36B to $14.27B, 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 $2.71B of $3.92B (69%).
| Major customers [axis] | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 |
|---|---|---|---|---|---|---|
| Passenger | $8.49B | — | — | — | ||
| Passengers | — | $8.71B | $9.01B | $2.71B | ||
| Lanpassengermember | — | — | — | — | ||
| Lan Passenger | — | — | — | — | ||
| Tam Passenger | — | — | — | — | ||
| Freight | — | — | — | — | ||
| Cargo | $1.12B | $1.19B | $1.06B | $1.21B | ||
| Total | $9.61B | $9.90B | $10.07B | $3.92B |
Latam Airlines brought in $3.92B from its two revenue lines in fiscal 2020, the year ended December 31, 2020. That was down 61.0% from $10.07B in fiscal 2019. Passengers was the largest at $2.71B (69.2%), ahead of Cargo at $1.21B (30.8%).
Compared with fiscal 2019, Cargo grew 13.7% to $1.21B, while Passengers fell 69.9% to $2.71B.
Latam Airlines began breaking out Passengers in fiscal 2018, when it brought in $8.71B. Latam Airlines stopped reporting Passenger as a separate revenue line after fiscal 2017, when it brought in $8.49B.
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 $6.10B (42.8% of the total), followed by Chile at $2.12B (14.9%).
Brazil was Latam Airlines' largest region in fiscal 2025, bringing in $6.10B, or 42.8% of the $14.27B total across its nine regions.
Passengers was Latam Airlines' largest revenue line in fiscal 2025, bringing in $12.61B, or 88.4% of the $14.27B 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 $239.37M to $317.25M.
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.