LATAM Airlines Group (LTM) Corporate presentation summary

Market leadership and network

• Holds #1 market share in South America, more than double the next largest carrier.

• Operates 363 passenger aircraft and 20 dedicated cargo planes, serving 172 destinations.

• Connects 164 destinations in 28 countries, with over 50 global partnerships.

• Maintains leading international capacity shares between South America and key global regions.

• Unmatched regional presence, connecting more people and markets than any other carrier in South America.

Financial and operational performance

• Transported 89.8 million passengers in the last twelve months, with $16.1bn in revenue (+20.7% YoY).

• Achieved $4.3bn adjusted EBITDA (+22.8% YoY) and maintains 1.5x net leverage.

• Liquidity stands at $4.2bn, representing 26.2% of LTM revenues.

• Weighted average cost of debt is 6.4%, with over $1.5bn in unencumbered assets.

• All international credit ratings are BB/Ba2 with a positive outlook.

Strategic growth and fleet development

• Updated 2026 guidance projects 9–10% capacity growth and $17.3–17.7bn in revenues.

• Adjusted EBITDA expected between $4.1–4.4bn, with net leverage ≤1.6x.

• Secured order book supports flexible fleet growth, with 24 Embraer E195-E2 and 13 Airbus XLR deliveries planned.

• Embraer 195-E2 deployment to expand Brazilian domestic network to 67 destinations.

• Focus on high-growth, underpenetrated South American markets with significant passenger growth potential.