LATAM Airlines (LTM) Q3 2025 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Thu, February 5, 2026 astatine 11:05 AM CST 26 min read

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Friday, November 14, 2025 astatine 9:00 a.m. ET

• Chief Executive Officer — Roberto Alvo Milosawlewitsch

• Chief Financial Officer — Ricardo Dourado

• [Unspecified Executive]

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Roberto Alvo Milosawlewitsch: Good morning. Thank you, Ricardo, and acknowledgment to each for being present today. This month, 3 years ago, LATAM emerged from fiscal restructuring. This play was 1 of learning, designing and executing. LATAM defined a blueprint that has a postulation of indispensable elements we needed to excel. This blueprint was implemented and is working. The group's web is the astir expansive successful the region, and our loyalty programme is by acold the largest and astir valued. No 1 other tin link South America wrong the portion and to the world, reward loyalty and supply prime to customers arsenic LATAM Group can. However, these results are the merchandise of much than a co-branded recognition paper and a representation of routes.

At LATAM, we are obsessed with execution. Every day, successful each interaction, we strive to beryllium better, to depart connected time, modular zero connected each flight, to amended connected what we do, question and find cost-saving opportunities for each of our activities, to marque definite we present what was promised to the lawsuit astatine each enactment and to supply the attraction and respect that each 1 of them deserves arsenic they entrust their travel to LATAM. We person made sizeable progress, but are not satisfied. I judge we tin bash better. Looking forward, we indispensable guarantee that we stay disciplined, disciplined successful execution and disciplined successful controlling costs.

At the halfway of each of this is our people, a radical of much than 40,000 employees who attraction astir and emotion what they bash each day. People who judge successful what they bash and what it represents. They are the motor and the tone that drives LATAM Group forward, and the astir important committedness is to them, making definite that they consciousness that each time it is worthy being portion of the LATAM family. As we look into the future, I'm assured that we tin proceed the travel of betterment and present connected intent that we have, which is elevating each azygous journey. Thank you precise much.

Now backmost to Ricardo for a statement of however we are achieving profitable growth, improving the prime of our traffic, keeping precocious lawsuit restitution and maintaining our outgo nether control.

Ricardo Dourado: Thank you, Roberto. Please articulation maine connected Slide 3. This quarter, LATAM Group continues to amusement the spot of its strategy, its unmatched web footprint, absorption connected disciplined operational and commercialized execution arsenic good arsenic merchandise improvement. In presumption of operations, LATAM Group transported implicit 22.9 cardinal passengers, reinforcing its relation arsenic the starring hose radical successful South America. Capacity grew by 9.3% year-over-year with steadfast load factors of 85.4% connected a consolidated basis. The radical is seeing consistently precocious levels of lawsuit satisfaction, accrued lawsuit preference, particularly successful the premium conception and sustained lawsuit loyalty. LATAM translated this operational show into fiscal results, driven by an 8.4% summation successful rider portion revenues portion keeping portion costs broadly stable.