The group LATAM Airlines released its growth projections and visionón strataélogic for 2026, añor in which they hope to grow between a 8% and 10% in passenger transport.
LATAM Airlines Group today released its financial and operational projections for the 2026 maintaining focus on continued profitable growth. The group projects an increase in its passenger operations between 8% and 10% (measured in kiloómeters available per seat – ASK) and an operational margin between 15% and the 17%.
LATAM projects a positive 2026
At the same time, LATAM expects an increase in its EBITDA (adjusted earnings before interest, taxes, depreciations, amortizationsés) reaching a range between US$4,200 and US$4,600 million for the 2026, which represents an increase with respect to this guidance.ñor from US$4 billion to US$4.1 billion. At the same time, The group projects an adjusted unit cost of passenger operations excluding fuel between 4.3 a 4.5 cents.
Specíphysically in youéterms of operations, for the sun marketéoffice of the subsidiary Brazil, an increase in its operations is projected between 6% and 8%, while for the sun marketséaesthetics of the subsidiaries of Chile, Colombia, Ecuador and Perú, The expected increase is between 5% and 7%. In the international market, growth beíto the 11% a 13%.
“The operational and financial projections that we disclose today reflect the result of the business model úunique from LATAM, that allows us to aspire to obtain sóstrong financial results and sustainable over time. For the future, We will continue working to maintain our discipline in the executionón and in cost control. We will follow, además, focused on improving customer experience and investing in technologyíso they simplify your trip and allow the LATAM group to operate in a way thatún más sustainable”, I sayó Roberto Alvo, CEO de LATAM Airlines Group.
For him 2026, LATAM projects a generationón leveraged cash flow of más of US$1.7 billion.
Finally, LATAM expects an adjusted net leverage ratio (total net income/adjusted EBITDA) at or below 1.4x and expects to have liquidity of más of US$5 billion at the end of the próximo añO, reflecting a sógood capital structure and liquidity.
Everyoneón strataégica
On the other hand, LATAM tooén presentó with allón of business during its Investor Day in New York, with focus on service, growth and profitability, I stand outámaking the following points:
- Improving Passenger Experience and Product Investments:
- Inversionón strataélogic in renovationónumber of cabins (Business, Premium Economy y Economy), Lounges and Wi-Fi on board.
- Launch of the new class Premium Comfort en 2027, offering 50% más of space.
- Projectionón growth in the supply of premium seats in 7% annually in the prówe went four toños.
- Profitable Growth and Premium Segment:
- Focus on a strengthened network and high margin revenue growth.
- Premium segment revenues have más that duplicated since 2019, going from US$1.5 billion to **US$3.3 billion in 2025**.
- The 100% of flights have premium seats.
- Satisfiedópremium client number (NPS Premium) reaches the 60 points.
- Loyalty Program: The LATAM Pass program exceeds 53 million members and facilitates the exchange of some 30 thousand daily seats.
- Investments and Modernizationón of the Fleet:
- Investment projectionsónet financing: US$1.500 million in 2025, US$1.700 million in 2026 and US$1.7 billion in 2027.
- The fleet is modernized with the receptionón expected from 26 airplanes in 2025, 41 on 2026 and 27 on 2027, maintaining an average age at or less than 12 años.
- Operational and Financial Aspirations (2027):
- Capacity growth (ASK) in the range of adímedium to high gito.
- Maintain or expand the adjusted EBITDA margin (compared to 2026).
- Return on invested capital (ROIC) higher than 20%.
- A generationócash flow no. above US$1.8 billion.
- Keep adjusted net leverage below 2.0x.
- Transformationón Digital:
- Integrationóno. of technologyía and data to optimize processes (travels, fidelity, load, operations).
- Optimizationón of the operational maintenance that generatedó más de 1.100 díadditional aircraft availability data.
- Improvement of 38 points in NPS in the digital passenger experience (web y app).
¿Whaté They like itíto see in LATAM the 2026?
