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LATAM Airlines Group recorded a net profit of US$242 million in the second quarter of 2025, a growth of 66% for the same period of 2024.
LATAM Airlines Group S.A. announced financial and operational results for the second quarter of 2025. In the period, reported a net profit of US$242 million, which represents an increase in 66% compared to the same period of the previous year. This growth is supported by an increase in 7,6% in the number of passengers transported by the group LATAM, reaching a total of 20,6 millions during the quarter.
With these quarterly results, the accumulated net profit of LATAM In the first semester of 2025 It was almost US $ 597 million, demonstrating robust financial health and efficient operational management, a clear sign of the strength of the group's model LATAM and of its commercial strategy focused on its customers.
LATAM great utilities in the second semester
In the quarter, LATAM had revenues for US $ 3,279 million, an increase of 8,2% compared to the same quarter of 2024. Passenger revenues rose to US $ 2,824 million, a raise of 8,5% interannual, while cargo businesses also took off with US$419 million, a 10,2% more than in the second quarter of last year. At the same time, LATAM achieved an adjusted operating margin of 12,9%, Marking the best performance in its history for a second quarter.
In terms of consolidated capacity, measured in available seat kilometers (ASK), the group LATAM recorded a growth of 8,3% Interranual during the quarter, with a consolidated load factor of 83,5%, 1,2 percentage points more than in the same period of 2024. The extensive group network LATAM continued to attract passengers who valued the connectivity offered by the group that has 153 destinations in 27 countries.
After market prospects, the group LATAM adjusted the projections (guidance) for the full year. In terms of capacity, The group expects greater growth in the domestic market from the Brazilian subsidiary, reflecting an increase from the 7,0%-9,0% a 9,5%-10,5%. At the same time, An adjusted operational margin is expected between 14,0% and 15,0%, superior to the previous range of 13,0% al 15,0%.
What's more, elbly (earnings before interest, taxes, depreciation and amortization and rent costs by their acronyms in English) adjusted is projected between US$3,650 and US$3,850 million, Revised upwards from US $ 3,400 to US $ 3,750 million. Regarding the capital structure, Expectations for adjusted leveraged free cash flow have increased to more than $1.3 billion from $1.2 billion previously. LATAM reaffirms its projection of maintaining the adjusted net leverage ratio at or below 1.5x.
“Our second quarter results clearly demonstrate the operational and financial solidity of the group, as well as its ability to function in a volatile and uncertain macroeconomic environment”, said Ricardo Bottas, CFO de LATAM Airlines Group. He added that “the LATAM group maintains a firm commitment to the disciplined execution of a profitable growth strategy.”, continuously investing in product and service improvements, focused on initiatives that elevate the customer experience throughout the group's network.”
At the same time, in the second quarter, LATAM reached an adjusted EBITDAR of US$850 million, which represents a growth of 37,4% versus the same period of the previous year. LATAM closed the period with US$3.6 billion in liquidity and an adjusted net leverage level of 1.6x, even after distributing US$445 million to shareholders during the second quarter.
In June, Shareholders approved a new shares repurchase program for up to 3,4% Of the total shares. As part of that program, A second share buyback is underway—for up to 2,4% of the company's outstanding shares—through a prorated mechanism of 30 days on the Santiago Stock Exchange, And it is expected to end at the end of July. At the same time, LATAM managed to optimize its financial debt, unrelated, through a successful refinancing of US$800 million, reducing interest costs by more than 570 Base points. This transaction is expected to generate net annual savings of US$33 million in interest payments.
Customer experience
In line with its commitment to offering a superior travel experience, the group continued to invest in the product and in the premium segment, launching their new suites Premium Business throughout the wide fuselage fleet, with suite doors for the first time in South America, improving comfort and privacy for long distance travelers. in parallel, LATAM announced that, from 2026, will be implemented Wi-fi progressively in wide-body aircraft. These initiatives will be complemented by the opening of the new LATAM Lounge on Lima whose official launch will be the first week of August.
Customer satisfaction (Measure by the Net Promoter Score, NPS) remained at positive levels. During the second quarter, The group maintained a Net Promoter Score (NPS) operational of 56 points, equaling the record reached in the first quarter of 2025. Among the premium passengers, NPS increased to 60 points.
Regarding connectivity, LATAM Airlines Brasil launched six new domestic routes and expanded international operations to and from Argentina. Internationally, The LATAM group deepened its Joint Venture with Delta Air Lines by including the geography of Argentina in the agreement, improving connectivity between South America and North America.
During the second quarter, the group received 12 aircraft, including 10 Airbus A320Neo, 1 Airbus A321Neo y 1 Airbus A330 through short-term lease in line with its fleet plan. Currently, The group has a fleet of 360 aircraft. With this, The Latam Group progresses and has received 14 of the 26 aircraft planned for delivery in 2025.
In June, Latam was awarded nine Skytrax World Airline Awards awards, including Best Airline in South America for the sixth consecutive year and Best Airline Staff in South America for the fourth consecutive year. These awards are based on more than 22 millions of votes from passengers over 100 nationalities and reflect not only operational excellence, but also trust, the service and consistency.
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