LATAM: Q3 Earnings Snapshot – WTOP News
Higher fuel costs cut LATAM’s core earnings outlook, even as third-quarter revenue reached $4.57 billion and net profit rose 16%, the airline said.
- On Tuesday, LATAM Airlines cut its core earnings outlook for this year as soaring fuel prices squeezed margins, though it raised projected revenues after strong travel demand lifted third-quarter sales.
- Average fuel prices jumped more than 50% from a year earlier, costing LATAM about $520 million in the quarter and dragging adjusted operating margin down sharply.
- Third-Quarter revenue reached $4.57 billion, while adjusted EBITDA of $1.10 billion topped the $1.05 billion consensus from analysts polled by LSEG, with net profit rising 16% to $441 million.
- Chief Executive Roberto Alvo told Reuters last month the company had already started trimming some planned flying, tracking toward the lower end of its capacity-growth target as fuel prices stayed high.
- LATAM lowered its adjusted EBITDA forecast to between $3.9 billion and $4.05 billion from $4.1 billion to $4.4 billion, while raising expected 2026 revenue to between $17.6 billion and $17.8 billion.
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LATAM: Q3 Earnings Snapshot – WTOP News
SANTIAGO, Chile (AP) — SANTIAGO, Chile (AP) — LATAM Airlines Group SA (LTM) on Wednesday reported earnings of $440.6 million in its third quarter. On a per-share basis, the Santiago, Chile-based company said it had profit of $1.54. Earnings, adjusted for non-recurring gains, were $1.44 per share. The airline posted revenue of $4.57 billion in...
LATAM Airlines Group (NYSE:LTM) Announces Earnings Results
LATAM Airlines Group (NYSE:LTM - Get Free Report) released its quarterly earnings data on Tuesday. The transportation company reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.21. LATAM Airlines Group had a net margin of 9.69% and a return on equity of 101.21%. The company had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.53 billion.
Globo
CNN BrasilLatam closed the third quarter with a net profit of US$ 441 million, high of 16.3% in the annual comparison. The result was supported by a strong demand for travel, which helped the company to increase its offer and increase its rates. The gain came even before a shot of aviation fuel. The revenue was US$ 4.5 billion, high of 18.4% in the annual comparison. In the quarter, the company transported 23.5 million passengers, increase of 2.7%. On the…
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