Airline closes the 1st semester of 2025 with accumulated net income of US $ 597 million; The total revenue was US $ 3.27 billion
Net profit from $ 242 million in the 2nd quarter of 2025. The number represents a 66% increase in comparison with the same period of 2024, when it was $ 146 million. The financial balance of the airline was released on Monday (28.Jul.2025).
The result is lower than Latam’s performance in the 1st quarter of 2025 ($ 355 million), but caused the airline to close the 1st semester of 2025 with accumulated net income of $ 597 million. Read the document (PDF – 247 KB).
The 7% growth in the amount of passengers carried –20.6 million – collaborated with the company’s performance, according to Latam.
Total revenue
The company registered total revenue of US $ 3.27 billion, an increase of 8.2% over the same period of 2024.
The highlight was the passenger transport segment, which answered for US $ 2.82 billion, with an increase of 8.5%. Cargo transportation also performed positively, with revenue of US $ 419 million – 10.2%.
Adjusted operational margin
With this performance, LATAM reached an adjusted operational margin of 12.9%, the best in its history for a 2nd quarter, according to the company.
The margin is the percentage of revenues that left over to the company after paying operating costs such as fuel, wages, maintenance, but before discounting taxes and interest.
The company’s capacity, measured in ASK (available oquometer seats), grew by 8.3%, while the occupancy rate rose to 83.5%, an increase of 1.2 percentage point.
Adjusted ebitdar
In the 2nd quarter, Ebitdar (profit before interest, taxes, depreciation, amortization and aircraft rental) was adjusted of US $ 850 million, a growth of 37.4% over the same period of 2024.
“Our results from the 2nd quarter clearly demonstrate the group’s operational and financial solidity, as well as its ability to develop in a volatile and uncertain macroeconomic environment,” said the group’s chief financial officer Latam Airlines, Ricardo Bottas.
Projections
With the performance, the company has reviewed its projections to 2025. Read below:
- capacity: expected growth from 9.5% to 10.5%, especially pulled by the Brazilian domestic market;
- adjusted operational margin: Now estimated from 14% to 15%, above the previous forecast (13% to 15%);
- Adjusted ebitdar: Highly estimate for $ 3.65 billion at $ 3.85 billion.
