Viasat: Why a Wall of Cash Has Shorts Running for Cover LATAM Airlines Group (NYSE:LTM) reported record first-quarter 2026 financial results, driven by strong passenger demand, higher unit revenues and disciplined cost execution, while management warned that a sharp rise in jet…
el prices is expected to weigh on results beginning in the second quarter. Chief Executive Officer Roberto Alvo said LATAM grew capacity by 10.4% during the quarter and transported nearly 23 million passengers, while maintaining a consolidated load factor of 85.3%
He said the results reflected “the consistency of the execution and the structural strengths of the model built over the past years.” Revenue reached $4.1 billion in the quarter, up 21.7% from the same period last year. Adjusted EBITDA was $1.3 billion, and adjusted operating margin reached 19.8%, which management described as the highest quarterly operating margin in the company’s history. Net income was $576 million, up more than 62% year over year, with a net margin of nearly 14%.
Passenger Revenue Leads Growth Chief Financial Officer Ricardo Bottas said the increase in total revenue was mainly driven by the passenger business, which grew 24.4% year over year. Cargo revenue rose 3.4%, which Bottas said underscored the value of LATAM’s diversified business model. The company transported 22.9 million passengers in the quarter, a 9.1% increase from the first quarter of 2025.