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The group LATAM Airlines announced its growth projections and strategic vision for 2026, year in which they expect to grow between 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 available seat kilometers – 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, amortizations) reaching a range between US$4,200 and US$4,600 million for the 2026, which represents an increase compared to this year's guidance of 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.
Specifically in terms of operations, for the domestic market of the subsidiary of Brazil, an increase in its operations is projected between 6% and 8%, while for the domestic markets of the subsidiaries of Chile, Colombia, Ecuador and Peru, The expected increase is between 5% and 7%. In the international market, the growth would be 11% a 13%.
“The operational and financial projections that we disclose today reflect the result of LATAM's unique business model., that allows us to aspire to obtain solid financial results that are sustainable over time. For the future, We will continue working to maintain our discipline in execution and cost control. We will follow, what's more, focused on improving the customer experience and investing in technologies that simplify their journey and allow the LATAM group to operate in an even more sustainable way”, stated Roberto Alvo, CEO de LATAM Airlines Group.
For him 2026, LATAM projects leveraged cash flow generation of more than $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 more than US$5 billion by the end of next year, reflecting a solid capital and liquidity structure.
Strategic vision
On the other hand, LATAM also presented its business vision during its Investor Day in New York, with focus on service, growth and profitability, highlighting the following points:
- Improving Passenger Experience and Product Investments:
- Strategic investment in cabin renovation (Business, Premium Economy y Economy), Lounges and Wi-Fi on board.
- Launch of the new class Premium Comfort en 2027, offering 50% more space.
- Growth projection of the supply of premium seats in 7% annually in the next four years.
- Profitable Growth and Premium Segment:
- Focus on a strengthened network and high margin revenue growth.
- Premium segment revenues have more than doubled since 2019, going from US$1.5 billion to **US$3.3 billion in 2025**.
- The 100% of flights have premium seats.
- Premium customer satisfaction (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 Modernization of the Fleet:
- Financing net investment projections: 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 expected reception of 26 airplanes in 2025, 41 on 2026 and 27 on 2027, maintaining an average age at or less than 12 years.
- Operational and Financial Aspirations (2027):
- Capacity growth (ASK) in the range of mid to high digit.
- Maintain or expand the adjusted EBITDA margin (compared to 2026).
- Return on invested capital (ROIC) higher than 20%.
- Cash flow generation above US$1.8 billion.
- Keep adjusted net leverage below 2.0x.
- Digital Transformation:
- Integration of technology and data to optimize processes (travels, fidelity, load, operations).
- Optimization of operational maintenance that generated more than 1.100 additional days of aircraft availability.
- Improvement of 38 points in NPS in the digital passenger experience (web y app).
What would you like to see in LATAM the 2026?
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