Latam Airlines Group S.a annual operating expenses
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Latam Airlines Group S.a Operating Expenses Growth & History (LTM)
Latam Airlines Group S.a's operating expenses was $8.48B for fiscal 2025.
View full Latam Airlines Group S.a company overviewLatam Airlines Group S.a annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $8.48B | $210.7M | +2.55% |
| 2024 | 2024-12-31 | $8.27B | $439.0M | +5.61% |
| 2023 | 2023-12-31 | $7.83B | $639.0M | +8.88% |
| 2022 | 2022-12-31 | $7.19B | $3.17B | +78.76% |
| 2021 | 2021-12-31 | $4.02B | $374.8M | +10.27% |
| 2020 | 2020-12-31 | $3.65B | −$2.78B | −43.21% |
| 2019 | 2019-12-31 | $6.42B | $136.0M | +2.16% |
| 2018 | 2018-12-31 | $6.29B | $397.7M | +6.75% |
| 2017 | 2017-12-31 | $5.89B | −$158.8M | −2.62% |
| 2016 | 2016-12-31 | $6.05B | −$565.1M | −8.54% |
| 2015 | 2015-12-31 | $6.61B | — | — |
Latam Airlines Group S.a quarterly operating expenses
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $444.1M | −$13.6M | −2.97% |
| Q1 2026 | 2026-03-31 | $458.9M | — | — |
| Q4 2025 | 2025-12-31 | $483.0M | — | — |
| Q3 2025 | 2025-09-30 | $486.6M | — | — |
| Q2 2025 | 2025-06-30 | $457.7M | — | — |
Latam Airlines Group S.a operating expenses trends
Over the last five fiscal years, Latam Airlines Group S.a's operating expenses increased from $3.65B to $8.48B, a change of $4.83B. The latest reported quarter, Q2 2026, shows $444.1M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Latam Airlines Group S.a source filings ↗