LATAM Airlines Group Full Year 2023 Earnings: Beats Expectations

LATAM Airlines Group (SNSE:LTM) Full Year 2023 Results

Key Financial Results

• Revenue: US$11.6b (up 24% from FY 2022).
• Net income: US$581.8m (down 57% from FY 2022).
• Profit margin: 5.0% (down from 14% in FY 2022). The decrease in margin was driven by higher expenses.
• EPS: US$0.001 (down from US$0.014 in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

LATAM Airlines Group Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) also surpassed analyst estimates.

Looking ahead, revenue is forecast to grow 7.9% p.a. on average during the next 2 years, compared to a 9.3% growth forecast for the Global Airlines industry.

Performance of the market in Chile.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Be aware that LATAM Airlines Group is showing 4 warning signs in our investment analysis and 2 of those make us uncomfortable...

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.