Chilean carrier LATAM Airlines Group reported total revenue of $3.9bn for the third quarter of 2025, up 17.3%.
The airline's growth was supported by a 9.3% increase in capacity, with load factor up 0.5 percentage points to 85.4%. LATAM Airlines has continued to expand its Brazilian domestic operations.
Adjusted EBITDAR soared 38.9% to $1.2bn, with adjusted EBITDAR margin climbing 4.6 percentage points to 29.8%.
The airline's adjusted operating income was up 51.6% to $698 million, with an adjusted operating margin of 18.1%, up 4.1 percentage points.
Net income attributable to owners of the parent company was up 25.8% to $379 million.
Adjusted operating cash flow reached $859 million during the quarter, with the company ending the quarter with $3.6bn in total liquidity and an adjusted net leverage of 1.5x.
LATAM's premium segment revenue was up over 15%, with the company stating that it is continuing to invest in its premium offerings to “reinforce the differentiated value proposition”.
The group will introduce a redesigned onboard experience for its premium cabins in the fourth quarter of this year.
LATAM Airlines Group CFO Ricardo Bottas said: “As LATAM looks towards next year, it maintains a focus on reaching a capacity growth goal in the high single digits and maintaining stable margins, while preserving operational discipline and customer value.”
The company said it expects to receive an additional eight aircraft in this year's fourth quarter, and 44 new aircraft next year.
During its earnings call, the airline said its early 2026 booking trends are consistent with its current performance.
The airline updated its full-year 2025 guidance, projecting an adjusted EBITDAR range between $4bn and $4.1bn, and adjusted operating margin between 16% and 16.5%.