STOCK TITAN

LATAM Airlines approves 1% share buyback plan

LATAM says it can repurchase shares worth up to 1% of its capital on the Santiago exchange over 180 days starting Sept. 1, 2026.

(Neutral)
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

LATAM Airlines Group S.A. (LTM) announced that its Board of Directors approved the commencement of a share repurchase program previously authorized at the Extraordinary Shareholders’ Meeting held on August 3, 2026. The company may acquire up to 1% of its share capital through market purchases on the Santiago Stock Exchange under market conditions.

The program will run for 180 days from September 1, 2026, without applying a pro rata procedure, in line with Article 27 B of the Corporations Law. Any extension of the 180‑day period will be disclosed as material information on the company’s investor relations website.

Positive

  • Board approved a share repurchase program of up to 1% of share capital, signaling an authorized return of capital to shareholders.
  • Repurchases may be made over 180 days under market conditions, providing flexibility in execution.

Negative

  • None.
Maximum share repurchase authorization Up to 1% of share capital Board-approved buyback program based on August 3, 2026 shareholder authorization
Program duration 180 days Period starting from September 1, 2026 for executing repurchases
Extraordinary Shareholders’ Meeting date August 3, 2026 Meeting that approved the share repurchase program framework
Material Fact regulatory
"I hereby report the following Material Fact regarding LATAM Airlines Group S.A."
Information or an event that a reasonable investor would consider important when deciding to buy, sell or hold a security; it changes the expected value, risk, or outlook of an investment. Regulators treat material facts as disclosures that companies must share publicly because they can affect market prices, similar to a key ingredient in a recipe that determines the final taste. It matters to investors because material facts can change the basis for an investment decision and move trading activity and prices.
Extraordinary Shareholders’ Meeting regulatory
"approved at the Company’s Extraordinary Shareholders’ Meeting held on August 3, 2026"
An extraordinary shareholders’ meeting is a special gathering called outside the regular annual meeting to vote on urgent or significant company matters, such as large mergers, major asset sales, changes to control, or amendments to governing rules. Think of it as a town-hall called when something important arises that owners must approve; investors should pay attention because outcomes can change a company’s strategy, value, or their ownership stakes quickly.
pro rata procedure financial
"for up to 1% of the Company’s share capital, without the need to apply a pro rata procedure"
Corporations Law regulatory
"in accordance with the terms provided in Article 27 B of the Corporations Law"

FAQ

What share repurchase program did LATAM Airlines Group S.A. (LTM) approve?

LATAM Airlines Group S.A. approved the start of a share repurchase program allowing the company to acquire up to 1% of its share capital through market purchases on the Santiago Stock Exchange, under market conditions, over a 180‑day period starting September 1, 2026.

Over what period will LTM conduct its share buyback program?

The share repurchase program at LATAM Airlines Group S.A. will run for 180 days starting from September 1, 2026. Any extension of this period, if applicable, will be reported as material information on the company’s investor relations website.

What is the maximum percentage of share capital LTM can repurchase?

LATAM Airlines Group S.A. is authorized to repurchase up to 1% of its share capital. The shares will be acquired directly in the market on the Santiago Stock Exchange under market conditions, without using a pro rata allocation procedure.

Where will LATAM Airlines Group S.A. execute the share repurchases?

LATAM Airlines Group S.A. plans to purchase its own shares directly in the market on the Santiago Stock Exchange (“en rueda”), under market conditions, as part of the approved share repurchase program for up to 1% of its share capital.

How will investors learn if LATAM extends the 180-day buyback period?

If LATAM Airlines Group S.A. extends the 180-day share repurchase period, the company states that it will disclose the extension by means of material information posted on its investor relations website, https://ir.latam.com.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_________________________________________________________________
FORM 6-K
_________________________________________________________________
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
September 2026
Commission File Number 1-14728
_________________________________________________________________
LATAM Airlines Group S.A.
(Translation of Registrant’s Name Into English)
_________________________________________________________________
Presidente Riesco 5711, 20th floor
Las Condes
Santiago, Chile
(Address of principal executive offices)
_________________________________________________________________
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F x Form 40-F o















LATAM AIRLINES GROUP S.A.
The following exhibit is attached:
EXHIBIT NO.DESCRIPTION
99.1
Material Fact

































SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: September 1, 2026LATAM AIRLINES GROUP S.A.
By:/s/ Ricardo Bottas Dourado Dos Santos
Name: Ricardo Bottas Dourado Dos Santos
Title:CFO


































image_0a.jpg

MATERIAL FACT
LATAM AIRLINES GROUP S.A
Issuer of Securities Registered in the Securities Registry

Santiago, September 1, 2026

Mrs
Catherine Tornel León
President
Commission for the Financial Market
Av. Libertador Bernardo O´Higgins 1449
PRESENT

Ref.: MATERIAL FACT
______________________________

Dear President:

In accordance with Article 9° and the second paragraph of Article 10° of Law No. 18,045, as well as General Rule No. 30, and duly authorized to this effect, I hereby report the following Material Fact regarding LATAM Airlines Group S.A. (the “Company”): at a meeting held on this date, the Company’s Board of Directors approved the commencement of the program for the acquisition of the Company’s own shares approved at the Company’s Extraordinary Shareholders’ Meeting held on August 3, 2026 (the “Extraordinary Shareholders’ Meeting”), through the purchase of shares directly in the market (“en rueda”) on the Santiago Stock Exchange, under market conditions and for a period of 180 days as from this date, for up to 1% of the Company’s share capital, without the need to apply a pro rata procedure, in accordance with the terms provided in Article 27 B of the Corporations Law.
Any extension of the aforementioned 180-day period, should this be applicable, will be duly reported by means of material information to be posted on the Company’s website, https://ir.latam.com.

Sincerely,




Ricardo Bottas Dourado Dos Santos
        Chief Financial Officer
LATAM Airlines Group S.A.

c.c.:     
- Santiago Stock Exchange
- Chilean Electronic Stock Exchange

Filing Exhibits & Attachments

1 document