LATAM Airlines Group Reports $441 Million Net Profit for the Third Quarter of 2026. South American carrier LATAM Airlines Group recorded a net profit of $441 million USD for the third quarter of 2026, marking a 16.3% increase compared to the same period last year. Consolidated operating revenue advanced 18.4% year-over-year to $4.567 billion USD, while adjusted EBITDA totaled $1.095 billion USD. Adjusted operating income reached $573 million USD, generating an operating margin of 12.5% that absorbed significant operating expense pressures driven by surging worldwide aviation fuel prices.
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Between July and September, average fuel costs spiked by 52.1% year-on-year, adding approximately $520 million USD in operating headwinds. Despite higher fuel outlays, consolidated capacity grew 7.7%, supporting an overall passenger load factor of 83.7%. Passenger traffic generated $3.998 billion USD in top-line revenue—a 17.8% year-over-year gain—backed by a 23% revenue increase in premium cabins and a 9.4% improvement in passenger unit revenues. Concurrently, LATAM Cargo generated $483 million USD (+19.5%) after moving 256,000 tons of air freight.
Highlighting corporate execution across volatile operational environments, Chief Financial Officer Ricardo Bottas pointed to updated 2026 financial guidance: the airline group raised full-year revenues to an expected range between $17.6 billion and $17.8 billion USD, modeling adjusted EBITDA between $3.9 billion and $4.05 billion USD based on an assumed jet fuel benchmark of $180 USD per barrel in the fourth quarter. The group reported total available liquidity of $4.446 billion USD with a net leverage ratio of 1.5x, following credit rating upgrades to BB+ by S&P and Fitch and an investment-grade BBB- rating for its secured notes.
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By the end of September, LATAM’s operating fleet stood at 390 aircraft, following the delivery of three Airbus A320neo, three Airbus A321neo, and one Boeing 787-9 widebody. Complementing these additions, LATAM Airlines Brazil took delivery of its first two Embraer E195-E2 regional jets, commencing the induction of an initial 14-frame order scheduled to begin scheduled commercial flights on November 30 across 42 Brazilian domestic routes. Beyond operational metrics, the LATAM Pass loyalty program expanded to 57 million active members (+9%), alongside the carrier’s selection as Airline of the Year 2027 by Air Transport World ahead of its upcoming Investor Day in New York on December 14.
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