LATAM Airlines Soars in 2025: Net Profits Reach US$1.46 billion with Over 87 Million Passengers
LATAM Airlines Group closed the 2025 fiscal year with one of the strongest performances in its recent history. This confirms that its financial and operational transformation process has not only consolidated but has entered a phase of profitable maturity.
The group reported net profits of US$1.46 billion, representing a 49.4% year-over-year growth. Alongside this, the airline transported 87.4 million passengers, reaffirming its leadership as the largest airline holding company in the Southern Hemisphere.
The results for both the fourth quarter and the annual close reveal a company with expanding margins, a robust capital structure, and a clear capacity for cash generation within a regional context that remains demanding.
Financial Results: Profitable Growth and Margin Expansion
Revenue, Profitability, and Financial Discipline
During 2025, LATAM achieved total operating revenues of US$14.495 billion, an 11.2% increase compared to 2024. This growth was accompanied by a significant improvement in operating profitability:
- Adjusted Operating Result: Reached US$2.355 billion.
- Adjusted Operating Margin: 16.2%, surpassing the previous year’s level by 3.5 percentage points.
- Adjusted EBITDAR: Totaled US$4.091 billion with a margin of 28.2%. This expansion of 4.4 percentage points year-over-year is a vital metric for evaluating the airline’s ability to sustain investments and meet financial commitments.
According to the company, this performance reflects the structural strength of its business model and consistent operational execution.
A Particularly Strong Fourth Quarter
The fourth quarter of 2025 was instrumental in closing the fiscal year. Quarterly operating revenues reached US$3.949 billion, driven primarily by a 20.3% growth in passenger revenue. This was achieved through the expansion of the premium segment and an improvement in unit revenues.
During this same period, net income attributable to shareholders was US$484 million, a 78.1% jump compared to the fourth quarter of 2024, confirming an acceleration of profitability toward the end of the year.
Capital Structure: High Liquidity and Shareholder Returns
LATAM closed 2025 with a liquidity position of US$3.725 billion (equivalent to 25.7% of the last twelve months’ revenue) and an adjusted net debt ratio of 1.5 times. These levels reinforce the group’s financial solidity.
Cash generation exceeded US$1.4 billion during the year. This allowed the company to:
- Execute a share buyback of US$585 million.
- Approve and pay dividends of US$693 million.
These actions were completed without compromising the group’s financial strength. CEO Roberto Alvo noted that these results reflect “a strengthened business model, supported by a differentiated value proposition, consistent operational execution, and financial discipline”.
Operations: Scale, Efficiency, and Cargo Leadership
Passengers, Capacity, and Air Cargo
On the operational front, LATAM transported an average of over 239,000 passengers daily in 2025. The group increased its capacity by 8.2% compared to the previous year, matching the recovery in demand and network optimization.
The cargo business remained a strategic pillar. The group’s affiliates moved over 1 million tons during the year, consolidating LATAM Cargo Group as the largest air cargo operator in the region. This leadership was further recognized by the international “Cargo Airline of the Year” award.
People and Customer Experience: Record-Breaking Metrics
The focus on people and customer experience remained central to the corporate strategy. In 2025, the Organizational Health Index reached a record 83 points, placing LATAM in the top decile of the global benchmark for the first time.
The passenger experience also saw concrete progress:
- Net Promoter Score (NPS): Reached 54 points, the highest in the group’s history.
- Key Milestones: The inauguration of the Lima Lounge, renewal of the Premium Business experience, improvements in onboard connectivity, and cabin redesigns targeting high-value passengers.
These efforts earned international accolades, including Skytrax’s “Best Airline in South America” for the sixth consecutive year and APEX’s “Five-Star Global Airline” distinction for the fourth year in a row.
Loyalty and Sustainability: Long-Term Strategic Assets
Customer preference was also reflected in LATAM Pass, which reaffirmed its status as the largest loyalty program in the region. It reached 54 million members after adding 4 million new users in 2025.
Regarding sustainability, the group was recognized as the fifth best-performing airline globally in terms of sustainability by S&P Global. This positioning is highly relevant given the increasing regulatory pressure and market expectations.
The 2025 results confirm that LATAM Airlines Group has successfully combined scale, financial discipline, and an enhanced customer experience.
Related Topics
Madrid-Barajas Airport’s T4 Celebrates Its 20th Anniversary
Singapore to Establish World’s First Airport Testbed for Next Generation Propulsion Technologies
Winter Storm Fern: U.S. Airlines and Airports Brace for Weekend of Massive Disruptions
Heathrow Airport Completes Rollout of CT Scanners and Ends Liquids and Laptop Checks
Un apasionado por la aviación, Fundador y CEO de Aviación al Día.