LATAM Airlines Launches 5% Share Buyback Worth Up to US$671 Million, a Latin America Aviation First

Markets: Chile/Latin America

Key Facts

—Size. LATAM Airlines shareholders approved a new buyback program on August 3, 2026 for up to 5% of subscribed and paid shares, equivalent to 28,710,799,185 shares.

—Value. At Monday’s closing price of CLP $25.25, the maximum size of the program is valued at CLP $724,947 million, or roughly US$671.3 million.

—Timeline. The program runs for up to five years from the shareholder meeting, the maximum term allowed under Chilean corporate law; the board sets execution timing and pricing.