Business · Companies · 2 hrs ago
LATAM Airlines’ third-quarter profit rose 16.3% to $441 million
LATAM Airlines earned $441 million in the third quarter of 2026, up 16.3% from the same period a year earlier.
Its operating revenue rose 18.4% to $4.567 billion, but adjusted EBITDA fell 4.7% to $1.095 billion.
Higher jet fuel costs weighed on results: fuel spending rose 60.9% to $1.57 billion as the average price per barrel increased.
LATAM said it passed on about 80% of the estimated $520 million fuel-cost impact through revenue.
Passenger revenue grew 17.8%, while the passenger load factor fell from 85.4% to 83.7% as capacity grew faster than demand.
The airline lowered its 2026 adjusted EBITDA forecast to $3.9 billion–$4.05 billion, from a previous range of $4.1 billion–$4.4 billion.
LATAM now expects fuel to cost $180 per barrel in the fourth quarter, up from its earlier estimate of $130, while its full-year revenue forecast increased.
LATAM Airlines reported net profit of US$441 million for the third quarter of 2026, up 16.3% from a year earlier.
Operating revenue rose 18.4% to US$4.567 billion.
Higher fuel costs weighed on results: aviation fuel was 52.1% more expensive, and the company estimated a US$520 million impact.
Adjusted operating profit fell 17.9% to US$573 million, while its operating margin dropped to 12.5% from 18.1%.
LATAM raised its 2026 revenue forecast but lowered its adjusted EBITDA forecast, citing higher expected fuel costs.
- Who
- LATAM Airlines.
- What
- It reported third-quarter net profit of US$441 million, up 16.3% year on year.
- When
- The third quarter of 2026; results were reported on November 3, 2026.
- Where
- Not stated
- Why
- Net profit rose in part because financial expenses and income tax fell, despite higher fuel costs and lower operating profit.
This story does not have two clearly opposing sides.
LATAM recorded net profit of US$441 million in the third quarter.
LATAM’s results were reported, alongside revised forecasts for 2026.
- Net profit
- US$441 million
- Year-on-year profit growth
- 16.3%
- Operating revenue
- US$4.567 billion
- Fuel price increase
- 52.1%
- Estimated fuel impact
- About US$520 million
- 2026 adjusted EBITDA forecast
- US$3.9 billion to US$4.05 billion
4 sources
Latam tem lucro de US$ 441 milhões no 3° tri, alta de 16,3%
Latam Airlines lucra US$ 441 milhões no 3º trimestre, alta anual de 16,3%
Lucro do Grupo Latam cresce 16% no 3º trimestre e chega a US$ 441 mi apesar de impacto de combustível
Combustível caro faz Latam rever 2026 mesmo com lucro de US$ 441 milhões no 3º tri
What people are saying
The model continues to be resilient, attracting a customer who wants to fly LATAM. And at the same time, we are able to operate with low costs, as a result of the group’s restructuring in recent years
Fuel continues to be a very relevant variable. This crisis will not go away any time soon, oil and aviation fuel prices will remain high, and that should also be the trend for 2027