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LATAM Airlines Group S.A. operates in the air transportation sector, within the commercial aviation subsector, and was created through the merger of the Chilean airline LAN and the Brazilian airline TAM. The original founders include the business groups behind LAN Airlines and TAM Linhas Aéreas.
There was no direct government control in its modern formation; the group was established through a strategic private merger between Latin American carriers aimed at consolidating aviation operations across the region.
Its main products and services include passenger transportation, cargo transportation, aircraft maintenance and specialized logistics solutions. It also operates the LATAM Cargo division, dedicated to freight transport and support for international supply chains.
The company’s market footprint spans the entire Latin American region, with strong presence in Chile, Brazil, Peru, Colombia and Ecuador, in addition to international routes to the United States, Europe, the Caribbean, Africa and Oceania.
Market factors influencing its operations include competitive dynamics within the regional aviation industry, fuel price volatility, economic cycles, environmental regulations, fleet renewal requirements and consolidation trends across the global airline sector.
The group employs approximately 38,000 people and operates a fleet of more than 300 aircraft distributed among its passenger and cargo subsidiaries, serving millions of customers annually.
Its operational structure is organized through subsidiaries in several Latin American countries, including LATAM Chile, LATAM Brazil, LATAM Peru, LATAM Colombia and LATAM Ecuador, in addition to LATAM Cargo. The corporate headquarters is located in Santiago, Chile, and operations include maintenance centers, operational bases, administrative offices and airport hubs.
Shares are traded on the Santiago Stock Exchange under the ticker LTM and on the New York Stock Exchange (NYSE) through American Depositary Shares (ADS), also under the ticker LTM.
History and Foundation
The origins of LATAM Airlines Group date back to 1929 with the founding of LAN Airlines in Chile, initially as a state-owned carrier focused on regional routes.
During its early years, LAN expanded its domestic and international routes, strengthening its presence across South America and increasing passenger and cargo transport capacity.
The formation process of LATAM began with the announcement of the merger between LAN and TAM in August 2010, aiming to create an integrated Latin American airline group. The merger was officially completed in 2012, establishing LATAM Airlines Group as one of the largest carriers in the region.
One of the most significant milestones was the introduction of the unified LATAM brand after the merger, which gradually replaced the LAN and TAM brands over the following years.
Between 2020 and 2024, the group underwent financial restructuring, sustainability initiatives, fleet renewal and adjustments to international route networks, as well as operational changes resulting from the post-pandemic global environment. It also expanded environmental programs and energy efficiency measures, reinforcing its positioning under sustainability criteria.
Additional Information
The Company LATAM Airlines Group S.A. (United States), is listed on Nasdaq with a market cap of $ 13.17 Billions, having an equity of $ 1.10 Billion.
The Company está listadathe in the sector of Others and categorized in industry of Others.
In the last 12 months the Company had a revenue of $ 13.69 Billions, which generated a profit in the amount of $ 1.24 Billion.
As for its main indicators, the Company has a P/E ratio of 10.59, a P/BV ratio of 11.94 and in the last 12 months the dividend yield of LTM was at 2.14%.
The Company is traded internationally through the ticker LTM.
