LATAM Airlines Group has announced its financial results for the first quarter of 2025, reporting a net income of $355 million. This figure represents a 38% increase compared to the same period in 2024. The group achieved an adjusted operating margin of 16.8% and transported nearly 21 million passengers, marking a 3.6% rise from last year.
The company reported an adjusted EBITDAR close to $1 billion, indicating effective management amid healthy demand and customer preference. Operating revenues reached $3.4 billion, up by 2.7%, driven by a rise in both passenger and cargo revenues.
LATAM generated $585 million in adjusted operating cash flow and ended the quarter with liquidity at 28.4% of the past twelve months' revenues. Consolidated capacity grew by 7.3%, mainly due to a significant increase in international operations.
The company's strong performance has led to revised guidance for the full year, now expecting an adjusted operating margin between 13% and 15%. "LATAM group's operational and financial adaptability enables the group to be well-prepared to face the coming months," said Ricardo Bottas, CFO of LATAM Airlines Group.
A share repurchase program was approved during this quarter for up to 1.6% of outstanding shares over the next eighteen months on the Santiago Stock Exchange.
LATAM received upgrades in its credit ratings from S&P Global Ratings and Fitch Ratings, both improving LATAM's rating to "BB" with stable and positive outlooks respectively.
In efforts to enhance customer experience, LATAM invested in modernizing cabins and expanding Wi-Fi connectivity across its fleet. The group also launched new Business Class cabins featuring suite doors for added privacy on wide-body aircraft.
LATAM's commitment to sustainability was recognized as it was named among leading companies worldwide in sustainability by S&P Global's "Sustainability Yearbook." The airline plans further fleet expansion with more fuel-efficient A320neo aircraft arriving throughout the year.
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