LATAM Airlines Delivers a Strong 2024, Reporting $977 Million in Net Profit, Transporting a Record 82 Million Passengers, Increasing Revenue to $13.03 Billion, and Achieving a 12.7% Operating Margin With 15.1% Capacity Growth

On the financial front, LATAM strengthened its liquidity, closing the year with $3.53 billion in available cash and lowering its adjusted net leverage to 1.7 times. Throughout 2024, the airline generated $243 million in cash flow, with $207 million allocated for refinancing and $175 million in dividend payments. LATAM also achieved an adjusted EBITDAR of $3.11 billion, reflecting a 22.7% annual growth.

With these record-breaking figures, LATAM Airlines Group has reinforced its leadership in the aviation sector, setting the stage for continued expansion and profitability in 2025 and beyond.

LATAM continued its network expansion in 2024, offering passengers seamless connectivity across 151 destinations in 27 countries. The airline achieved a load factor of 84.3%, up 1.2 percentage points from the previous year. Fleet modernization remained a priority, with 16 new aircraft joining the group, bringing the total fleet to 347 planes.

LATAM significantly enhanced customer service quality and complaint resolution in key markets:

To elevate the passenger experience, LATAM continued its fleet retrofitting program, introducing new cabin interiors, modern seating, and enhanced onboard entertainment. As of 2024, 100% of the narrow-body aircraft and 54% of the wide-body fleet had undergone full renovations. Additionally, free Wi-Fi for LATAM Pass members was expanded across domestic and regional flights, covering 100% of narrow-body aircraft in Brazil and 75% of those operated by affiliates in Chile, Peru, Colombia, and Ecuador.

LATAM intensified its sustainability efforts in 2024, reducing its environmental footprint while creating social, economic, and environmental value across its operational markets. Key milestones include:

With strong financial performance, expanding connectivity, enhanced customer service, and a leading sustainability strategy, LATAM Airlines Group has positioned itself as a benchmark in global aviation, ready to continue its growth trajectory in 2025 and beyond.