LATAM Reports Net Profit of US$355 Million in First Quarter
LATAM Airlines Group announced outstanding results for the first quarter of 2025, solidifying its position as a leader in Latin America’s aviation industry. With a net profit of US$355 million and an adjusted operating margin of 16.8%, the company demonstrated strong financial and operational performance.
Sustained Growth in Passengers and Revenue
The group transported 21 million passengers, a 3.6% increase compared to the same period in 2024. Operating revenue reached US$3.411 billion, reflecting a 2.7% growth, driven by a 1.6% rise in passenger revenue and a notable 9.8% increase in cargo revenue.
The adjusted operating result totaled US$573 million, marking a 23.9% year-over-year growth. Meanwhile, the adjusted EBITDAR approached US$1 billion, a historic figure for LATAM.
Strong Financial Management and Optimistic Projections
During the quarter, the company generated US$585 million in adjusted operating cash flow and US$189 million in net cash. It ended the period with liquidity of 28.4% relative to the revenue of the last twelve months and an adjusted net leverage of 1.5x.
Thanks to this performance, LATAM revised its 2025 guidance upward, expecting an adjusted operating margin between 13.0% and 15.0% and an adjusted EBITDAR of US$3.4 to US$3.75 billion.
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Network Expansion and Operational Improvements
Consolidated capacity, measured in available seat kilometers (ASK), grew by 7.3%, primarily driven by a 10.7% increase in international operations. LATAM expanded its network from 151 destinations in December 2024 to 153 in March 2025, covering 27 countries.
Share Buyback Program and Credit Rating Upgrade
The group approved a share buyback program of up to 1.6% of its outstanding shares through a Block Firm Offer (BFO) on the Santiago Stock Exchange, for an approximate amount of US$153 million, valid until April 30, 2025.
Additionally, LATAM received credit rating upgrades: S&P Global Ratings and Fitch Ratings raised its rating to “BB” from “BB-,” highlighting the group’s financial stability.
Investments in Customer Experience
LATAM continues to heavily invest in passenger experience. Nearly 90% of its narrow-body fleet is now equipped with Wi-Fi, while 61% of wide-body aircraft feature modernized interiors.
The company implemented premium economy cabins on 100% of narrow-body flights within South America and introduced new business class cabins on its wide-body aircraft, featuring unique suite doors in the region.
Complementing these efforts, LATAM announced the construction of a new lounge at Guarulhos Airport (São Paulo), set to open in 2027, and the rollout of “Signature Check-in” for premium customers at select airports.
These initiatives contributed to a Net Promoter Score (NPS) of 56 points, the highest in the group’s history, representing a 5.6-point increase compared to the first quarter of 2024.
Fleet Modernization and Sustainability Commitment
LATAM received two new A320neo aircraft during the quarter, part of a plan to incorporate 26 aircraft in 2025, aimed at improving efficiency and reducing emissions.
In sustainability, the company was recognized in S&P Global’s “Sustainability Yearbook,” ranking among the top six companies in its industry worldwide.
Ricardo Bottas, CFO of LATAM Airlines Group, stated: “LATAM’s operational and financial adaptability positions it well to navigate the coming months.”
With strong figures, strategic investments, and a customer-centric approach, LATAM stands as a key player in the region, ready to capitalize on new opportunities in a challenging environment.
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Plataforma Informativa de Aviación Comercial líder en América Latina.