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LATAM Airlines Group (LTM) boosts March 2026 traffic and load factors

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Rhea-AI Filing Summary

LATAM Airlines Group S.A. reported strong March 2026 operating statistics, showing continued recovery and growth. Consolidated passenger capacity, measured in available seat-kilometers, rose 9.3% versus March 2025, led by a 12.5% increase in Brazil’s domestic market and 10.9% growth in international routes, including the new São Paulo–Amsterdam service.

Consolidated traffic, in revenue passenger-kilometers, grew 11.9% year-over-year, with Brazil’s domestic demand up 15.6% and international demand up 12.8%. The group’s load factor improved to 83.8%, 1.9 percentage points higher, and reached 85.3% for the first quarter. LATAM carried 7.6 million passengers in March, up 9.0% year-over-year.

In cargo, capacity in available ton-kilometers increased 6.8% to 723 million, while revenue ton-kilometers rose 4.3%. LATAM transported 87 thousand tons of cargo in March, a 5.5% increase compared to the prior year period, with a cargo load factor of 53.5%.

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Insights

LATAM shows solid March volume growth with better passenger load factors.

LATAM Airlines Group delivered double-digit growth in key passenger metrics for March 2026. System traffic rose 11.9% year-over-year to 12,757 million revenue passenger-kilometers, outpacing capacity growth of 9.3%, which typically supports unit revenue and profitability.

Growth was broad-based, led by domestic Brazil traffic up 15.6% and international traffic up 12.8%, plus higher load factors across all segments. The system passenger load factor reached 83.8% in March and 85.3% for the quarter, both improving versus 2025.

Cargo trends were more moderate, with revenue ton-kilometers up 4.3% and 87 thousand tons transported. The cargo load factor declined to 53.5%, reflecting capacity growth ahead of demand. Overall, the data point to healthy passenger demand momentum heading into the remainder of 2026.

System RPK March 2026 12,757 million Revenue passenger-kilometers, up 11.9% vs March 2025
System ASK March 2026 15,215 million Available seat-kilometers, up 9.3% year-over-year
System load factor March 2026 83.8% Passenger load factor, +1.9 percentage points vs 2025
Passengers carried March 2026 7,554 thousand Passengers boarded, up 9.0% vs March 2025
Cargo ATK March 2026 723 million Available ton-kilometers, up 6.8% year-over-year
Cargo RTK March 2026 387 million Revenue ton-kilometers, up 4.3% vs March 2025
Cargo tons transported March 2026 87 thousand Cargo tons transported, up 5.5% year-over-year
Q1 2026 system load factor 85.3% Quarter-to-date passenger load factor, +2.0p.p vs Q1 2025
available seat-kilometers financial
"consolidated capacity, measured in available seat-kilometers (ASK), by 9.3%"
revenue passenger-kilometers financial
"Consolidated traffic, measured in revenue passenger-kilometers (RPK), increased by 11.9%"
passenger load factor financial
"consolidated load factors reached 83.8% in March, up 1.9 percentage points"
available ton-kilometers financial
"capacity measured in available ton-kilometers (ATK) reached 723 million in March"
revenue ton-kilometers financial
"REVENUE TON KILOMETERS (Cargo) (million) SYSTEM | 387 | 371 | 4.3%"
cargo load factor financial
"CARGO LOAD FACTOR SYSTEM | 53.5% | 54.8% | -1.3p.p"
Form 6-K: How Foreign Companies Report to the SEC →

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
April 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
LATAM Airlines Group Operating Statistic
1

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: April 9, 2026LATAM AIRLINES GROUP S.A.
By:/s/ Ricardo Bottas
Name: Ricardo Bottas
Title:Chief Financial Officer
2
image.jpg


LATAM group’s capacity increased 9.3% in March alongside higher load factor levels

Operating statistics for March 2026

Santiago, April 9, 2026 - During March, LATAM group increased its consolidated capacity, measured in available seat-kilometers (ASK), by 9.3% compared to March 2025. This growth was mainly driven by a 12.5% increase in capacity in LATAM Airlines Brazil’s domestic market, together with a 10.9% increase in international operations, including the launch of operations to a new destination in Europe with the São Paulo (GRU), Brazil – Amsterdam, Netherlands route.

Consolidated traffic, measured in revenue passenger-kilometers (RPK), increased by 11.9% compared to March 2025, reflecting growth across all segments. LATAM Airlines Brazil’s domestic market recorded a 15.6% year-over-year increase, followed by international operations, which grew 12.8%. Meanwhile, demand in the domestic markets of the affiliates in Chile, Colombia, Ecuador, and Peru increased by 3.0%.
As a result, consolidated load factors reached 83.8% in March, up 1.9 percentage points compared to the same month of 2025, with increases across all segments. This brings the first quarter’s load factor to 85.3%.
In addition, LATAM group transported 7.6 million passengers during the month, representing a 9.0% increase compared to March 2025.
Regarding cargo operations, capacity measured in available ton-kilometers (ATK) reached 723 million in March, increasing 6.8% compared to the same month of the previous year. As a result, 87 thousand tons of cargo were transported during the month.
The following table summarizes the main operating statistics for the month and year-to-date as of March for the main LATAM group business segments:







image_0.jpg
INVESTOR RELATIONS CONTACT INFORMATION                
LATAM Airlines Group S.A.                                     
Investor Relations
InvestorRelations@latam.com                                
Tel: (56-2) 2565-3844
ir.latam.com
image.jpg

LATAM GROUP OPERATIONS
March
Year to Date
2026
2025
% Change
2026
2025
% Change
LATAM GROUP PASSENGER OPERATIONS
REVENUE PASSENGER KILOMETERS (million)
SYSTEM
12,757
11,399
11.9%
38,845
34,383
13.0%
DOMESTIC SSC (1)
2,019
1,960
3.0%
6,233
6,059
2.9%
DOMESTIC BRAZIL (2)
3,774
3,265
15.6%
11,448
10,024
14.2%
INTERNATIONAL (3)
6,964
6,175
12.8%
21,164
18,301
15.6%
AVAILABLE SEAT KILOMETERS (million)
SYSTEM
15,215
13,917
9.3%
45,539
41,257
10.4%
DOMESTIC SSC (1)
2,446
2,463
-0.7%
7,263
7,312
-0.7%
DOMESTIC BRAZIL (2)
4,626
4,111
12.5%
13,881
12,408
11.9%
INTERNATIONAL (3)
8,143
7,344
10.9%
24,395
21,537
13.3%
PASSENGER LOAD FACTOR
SYSTEM
83.8%
81.9%
1.9p.p
85.3%
83.3%
2.0p.p
DOMESTIC SSC (1)
82.6%
79.6%
3.0p.p
85.8%
82.9%
3.0p.p
DOMESTIC BRAZIL (2)
81.6%
79.4%
2.2p.p
82.5%
80.8%
1.7p.p
INTERNATIONAL (3)
85.5%
84.1%
1.4p.p
86.8%
85.0%
1.8p.p
PASSENGER BOARDED (thousand)
SYSTEM
7,554
6,928
9.0%
22,880
20,968
9.1%
DOMESTIC SSC (1)
2,649
2,581
2.6%
8,097
7,895
2.6%
DOMESTIC BRAZIL (2)
3,321
2,905
14.3%
9,930
8,774
13.2%
INTERNATIONAL (3)
1,584
1,441
9.9%
4,853
4,300
12.9%
LATAM GROUP CARGO OPERATIONS
REVENUE TON KILOMETERS (Cargo) (million)
SYSTEM
387
371
4.3%
1,097
1,068
2.6%
AVAILABLE TON KILOMETERS (Cargo) (million)
SYSTEM
723
677
6.8%
2,155
2,016
6.9%
CARGO LOAD FACTOR
SYSTEM
53.5%
54.8%
-1.3p.p
50.9%
53.0%
-2.1p.p
CARGO TONS TRANSPORTED (thousand)
SYSTEM
87
82
5.5%
251
244
3.1%
(1) Domestic SSC refers to domestic operations of LATAM Airlines Chile, LATAM Airlines Colombia, LATAM Airlines Ecuador and LATAM Airlines Peru.
(2) Domestic Brazil refers to LATAM Airlines Brazil domestic operations.
(3) International refers to international operations of LATAM Airlines Brazil, LATAM Airlines Chile, LATAM Airlines Colombia, LATAM Airlines Ecuador, LATAM Airlines Peru and LATAM Airlines Paraguay.


image_0.jpg
INVESTOR RELATIONS CONTACT INFORMATION                
LATAM Airlines Group S.A.                                     
Investor Relations
InvestorRelations@latam.com                                
Tel: (56-2) 2565-3844
ir.latam.com
image.jpg


ABOUT LATAM GROUP 
LATAM Airlines Group S.A. and its affiliates are the principal group of airlines in Latin America present in five domestic markets in the region: Brazil, Chile, Colombia, Ecuador and Peru, in addition to international operations within Latin America and to / from Europe, the United States, Oceania, Africa and the Caribbean.
The group has a fleet of Boeing 767, 777, 787, Airbus A321, A321Neo, A320, A320Neo, and A319 aircraft. Additionally, the Airbus 330, operated under short-term leases, is also part of the current operations.
LATAM Cargo Chile, LATAM Cargo Colombia and LATAM Cargo Brazil are the LATAM group cargo subsidiaries. In addition to having access to the bellies of the passenger affiliate’s aircraft, they have a fleet of 20 freighters. They operate on the LATAM group network as well as international routes that are solely used for freighters. They offer modern infrastructure, a wide variety of services and protection options to meet all customer needs.
More financial information at ir.latam.com
www.latam.com



image_0.jpg
INVESTOR RELATIONS CONTACT INFORMATION                
LATAM Airlines Group S.A.                                     
Investor Relations
InvestorRelations@latam.com                                
Tel: (56-2) 2565-3844
ir.latam.com

Source: View Original Filing on SEC EDGAR

FAQ

How did LATAM Airlines Group (LTM) passenger demand perform in March 2026?

Passenger demand at LATAM grew strongly in March 2026. System revenue passenger-kilometers increased 11.9% year-over-year to 12,757 million, driven by double-digit gains in Brazil’s domestic market and international routes, indicating broad-based demand recovery across the network.

What happened to LATAM Airlines Group (LTM) capacity and load factor in March 2026?

LATAM increased system capacity 9.3% year-over-year to 15,215 million available seat-kilometers in March 2026. Because traffic grew faster than capacity, the system passenger load factor improved to 83.8%, up 1.9 percentage points, with all segments showing higher occupancy levels than 2025.

How many passengers did LATAM Airlines Group (LTM) carry in March 2026?

LATAM carried 7,554 thousand passengers in March 2026. This represents a 9.0% increase compared to 6,928 thousand passengers in March 2025, reflecting higher demand in domestic Brazil, domestic Spanish-speaking countries, and international operations across the network.

What were LATAM Airlines Group (LTM) cargo volumes and load factor in March 2026?

LATAM’s cargo business showed modest volume growth in March 2026. The airline transported 87 thousand tons of cargo, up 5.5% year-over-year, with revenue ton-kilometers increasing 4.3%. The cargo load factor was 53.5%, slightly below the 54.8% recorded in March 2025.

Which segment drove LATAM Airlines Group (LTM) growth in March 2026?

Domestic Brazil and international operations were the main growth drivers in March 2026. Domestic Brazil traffic rose 15.6% and capacity 12.5%, while international traffic grew 12.8% with capacity up 10.9%, supported by routes such as the new São Paulo–Amsterdam service.

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