LATAM Airlines Cuts 2026 Earnings Forecast as Jet Fuel Shock Lifts Costs
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9 Articles
Latam Airlines Posts $576M Q1 Profit but Cuts Outlook on Jet Fuel
Latam Airlines profit reached 576 million dollars in the first quarter of 2026, up 62 percent on the year, with an adjusted operating margin of 19.8 percent and 22.9 million passengers carried, the Chilean-based group announced on Tuesday, May 5, 2026, with capacity up 10.4 percent and a consolidated load factor of 85.3 percent. Adjusted […] The post Latam Airlines Posts $576M Q1 Profit but Cuts Outlook on Jet Fuel appeared first on The Rio Time…
Latam Airlines cut its profit forecast for 2026 this Tuesday, due to the increase in fuel caused by the war in the Middle East. In a statement, the Chilean company explained that its forecast of pre-interest, tax, depreciation and amortization gains (EBITDA) for this year was reduced to a range of between US$3,800 and US$4,200 million, from an earlier forecast of between US$4,200 and US$4,600 million. “These new projections assume new fuel cost …
The airline Latam Airlines set a new record in the first quarter of this year, recording profits of $576 million, despite the impact it suffered in the latter part of that period by the increase in fuel caused by the U.S. attack on Iran at the end of February.The result of the January-March period represented an increase of 62.1% over the same period of the previous year, mainly driven by its revenues from its passenger business, and was 18.9% a…
The airline also updated its year-end targets, reflecting the crisis in the Middle East and its effects on oil.
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