LATAM Airlines Posts Record 1Q 2026 Results and Deepens Delta Partnership
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LATAM Airlines Group SA Sponsored ADR ( (LTM) ) has provided an update.
LATAM Airlines Group reported record first-quarter 2026 results on May 5, 2026, delivering an adjusted operating margin of 19.8% and net income of US$576 million, supported by 10.4% capacity growth and strong demand, particularly in international routes and the Brazil domestic market. Total revenues rose 21.7% year-on-year to US$4.15 billion, adjusted EBITDA jumped 36.7% with margin at 31.7%, liquidity increased to US$4.1 billion, and net leverage improved to 1.3x, while passenger traffic reached 22.9 million at an 85.3% load factor and cargo volumes grew 3.1%.
The airline strengthened its strategic and financial position as Moody’s raised its outlook to positive in March and Fitch reaffirmed its rating with a positive outlook in April, leaving all major agencies aligned at BB/Ba2 and signaling a stronger credit profile. In April 2026 shareholders approved a final dividend equal to 30% of 2025 net income (about US$438 million) and elected a new two-year board, while LATAM earned a 4-star Skytrax rating, repeated as S&P Global’s most sustainable airline group in the Western Hemisphere, and expanded its long-term partnership with Delta via a new A320-component MRO agreement in São Carlos, reinforcing both its operational capabilities and premium positioning in the region.
The most recent analyst rating on (LTM) stock is a Buy with a $63.40 price target. To see the full list of analyst forecasts on LATAM Airlines Group SA Sponsored ADR stock, see the LTM Stock Forecast page.
Spark’s Take on LTM Stock
According to Spark, TipRanks’ AI Analyst, LTM is a Neutral.
The score is driven primarily by strong recent profitability/cash generation and a constructive 2026 outlook, supported by an attractive P/E and dividend yield. These positives are tempered by balance-sheet leverage risk and weak current technical momentum (price below key moving averages with negative MACD).
To see Spark’s full report on LTM stock, click here.
More about LATAM Airlines Group SA Sponsored ADR
LATAM Airlines Group S.A. is a leading Latin American airline group operating passenger and cargo services across international and domestic markets, with a diversified network centered in Chile and Brazil. The group offers wide-body and narrow-body services, including a growing premium cabin product, and has been recognized for both operational quality and sustainability in the Western Hemisphere.
Average Trading Volume: 1,386,282
Technical Sentiment Signal: Hold
Current Market Cap: $12.37B
For an in-depth examination of LTM stock, go to TipRanks’ Overview page.
