Latam Airlines Group Sa (LTMAY) has released an update.
LATAM Airlines Group S.A. reported a record adjusted EBIT margin of 13.9% in Q1 2024, with a net income of $258 million amid strong demand and operational efficiency. The airline transported over 20 million passengers and saw a 17.5% capacity growth compared to Q1 2023, leading to revising its 2024 EBITDAR forecast upwards to $2.75 – $3.05 billion. These financial achievements are coupled with positive credit rating upgrades and plans to pay out dividends in May 2024.
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