LATAM Airlines Group Full Year 2024 Earnings: EPS Misses Expectations

LATAM Airlines Group (SNSE:LTM) Full Year 2024 Results

Key Financial Results

• Revenue: US$12.8b (up 10% from FY 2023).
• Net income: US$977.0m (up 68% from FY 2023).
• Profit margin: 7.6% (up from 5.0% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: US$0.002 (up from US$0.001 in FY 2023).

LTM Operational Performance

• Total aircraft: 343 (up by 48 from FY 2023).

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

LATAM Airlines Group EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 100%.

The primary driver behind last 12 months revenue was the Brazil segment contributing a total revenue of US$5.51b (43% of total revenue). Notably, cost of sales worth US$9.57b amounted to 75% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$824.5m (36% of total expenses). Explore how LTM's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 6.7% 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

You should learn about the 2 warning signs we've spotted with LATAM Airlines Group (including 1 which is significant).

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