LATAM Airlines Group (LTM) Corporate presentation summary

Market leadership and network

• Holds the largest market share in South America, with over twice the share of the next largest carrier and a global network spanning 172 destinations in 28 countries, including 10 cargo-only destinations.

• Operates 355 passenger aircraft and 20 dedicated cargo aircraft, making it the largest air cargo carrier group in South America and the 13th largest globally.

• One in three passengers flying to, from, or within South America chooses this airline group, reflecting unmatched regional influence.

• Maintains strong international capacity shares, including 72% between South America and Europe and 40% within South America.

Financial performance and guidance

• Achieved 22.9 million passengers transported in 1Q26, up 9.1% YoY, with total revenue of $4.15bn (+21.7% YoY) and net income of $576mn (+62.1% YoY).

• Adjusted EBITDAR reached $1.31bn (+36.7% YoY), with liquidity at 27% of LTM revenues and net leverage reduced to 1.3x.

• Updated 2026 guidance includes adjusted EBITDA of $3.8–4.2bn, net leverage ≤1.8x, and liquidity ≥$4.5bn.

• Maintains a strong balance sheet with $4.1bn liquidity, more than $1.5bn in unencumbered assets, and all credit ratings at BB/Ba2 with a positive outlook.

Growth strategy and operational strengths

• Operates in an underpenetrated region with significant growth potential, as South America has only 0.8 trips per capita compared to 2.8 in North America.

• Secured an order book of 130+ aircraft for 2026–2030, with 30% of the fleet unencumbered and plans to incorporate more fuel-efficient aircraft.

• Demonstrates operational agility and business diversification, with a culture of efficiency and digital transformation initiatives.