LATAM Airlines Approves Buyback of Up to 5% of Its Shares

Markets: Santiago

Key Facts

—Decision. LATAM Airlines shareholders approved a new program to repurchase up to 5% of the group’s stock — about 28.71 billion shares — at an extraordinary meeting held on 3 August 2026.

—Scale. With a market value of roughly US$15.5 billion at the end of 2025, the 5% ceiling implies a program worth on the order of US$780 million at recent prices.

—Terms. The board may execute purchases over a period of up to five years, set minimum and maximum prices, and later resell the repurchased shares.