LATAM Airlines adjusted EBITDA rises 22.8% YoY to US$ 4.3 billion in LTM 2Q26; revenue increases 20.7% to US$ 16.1 billion

• LATAM posted LTM 2Q-26 revenue of US$16.1 billion, up 20.7% year over year, with adjusted EBITDA of US$4.3 billion, up 22.8%.
• Passengers carried reached 89,800,000; adjusted passenger CASK ex-fuel was 4.6 US cents, with adjusted net leverage at 1.5x.
• Liquidity stood at 26.2% of LTM revenue; management cited a solid second quarter with continued capacity growth and a lean balance sheet.
• For 2026, guidance calls for revenue of US$17.3 billion to US$17.7 billion, adjusted EBITDA of US$4.1 billion to US$4.4 billion.
• Capacity growth is seen at 9%-10% in 2026, with adjusted net leverage targeted at ≤1.6x and liquidity at ≥US$4.7 billion.

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