LATAM Airlines (LTM) Q2 2026 Earnings Call Transcript

LTM Ltd signed a Share Purchase Agreement with Randstad N.V. to acquire its digital units. The deal follows Works Council consultations and is subject to regulatory approvals.

LATAM Airlines Group reported Q2 net income of $125 million and adjusted operating cash flow of $476 million, with nearly $150 million positive cash change before dividends. The company said premium revenue was 29% of passenger revenue and LATAM Pass generated over 67% of passenger revenue. It reinstated 2026 guidance: revenue $17.3B to $17.7B and adjusted EBITDA $4.1B to $4.4B, plus 9% to 10% capacity growth.

LATAM Airlines raised its 2026 adjusted EBITDA forecast to $4.1 billion to $4.4 billion, from $3.8 billion to $4.2 billion in May, citing a less severe jet fuel outlook. It expects 2026 capacity growth of 9% to 10%. Q2 net profit was $125.2 million, revenue $4.12 billion. LATAM also begins E195-E2 operations in Brazil with up to 14 jets in 2026-27.

LATAM Airlines Group S.A. said shareholders approved at an extraordinary meeting in Santiago on 3 August a share buyback program for up to 5% of subscribed and paid shares, over as long as five years. The company did not set a fixed dollar amount. The article cites LATAM’s market capitalization of about US$15.5 billion end-2025, implying a full 5% buyback worth about US$780 million at recent prices.

Satellite operator, SES, has been selected by LATAM Airlines to provide multi-orbit inflight connectivity across the carrier’s growing fleet of Airbus and Embraer aircraft. More than 60 aircraft – spanning the Airbus A320NEO, A321XLR and Embraer E195-E2 – will be equipped with SES services in the coming years.

LATAM Airlines Group’s board told Chile’s market regulator it will convene shareholders on Aug. 3 to authorize a share buyback. Chilean law caps repurchases at 5% of paid shares and limits programs to 5 years. The filing cites prior buyback of about 1.6% in March 2025 and $585 million spent to retire roughly 5% in 2024.