LATAM Posts a Record Quarter, Then Trims Flights as Fuel Spikes

Key Facts

—Best quarter ever. LATAM reported record Q1 2026 adjusted EBITDA of US$1,315 million, up 37%, with net income up 62% to US$576 million.

—Then the cut. Its Brazilian unit will trim July capacity about 3%, the airline said on June 8, as a jet-fuel spike hits costs.

—Guidance lowered. The group replaced its 2026 EBITDA outlook with a lower US$3.80–4.20 billion range after doubling its fuel-price assumption.

—Still growing in Europe. New São Paulo routes to Amsterdam (March) and Brussels (June) anchor a long-haul push to 10 European cities.