LATAM AIRLINES GROUP S.A.(LTM) - 2025 Q2 - Earnings Call Presentation

Financial Performance - LATAM group recorded a net income of US$242 million in 2Q25, a 66.0% increase compared to 2Q24[6, 20] - Adjusted EBITDAR reached US$850 million in 2Q25, up 37.4% year-over-year, with a margin of 25.9%[6, 20] - The adjusted operating margin was a record 12.9% for the second quarter, a 3.9 percentage point increase compared to 2Q24[6, 20] - Revenues increased by 8.2% year-over-year, reaching US$3.279 billion in 2Q25[6, 20] - The company returned US$445 million to shareholders through dividends and share repurchases, representing 1.6% of outstanding shares[6, 40] Operational Highlights - LATAM transported over 20.5 million passengers in 2Q25[6] - Capacity grew by 8.3% year-over-year (ASK)[6] - Consolidated load factor reached 83.5%, a 1.2 percentage point increase compared to 2Q24[6, 8] Refinancing and Debt Management - LATAM successfully refinanced US$800 million of high-interest rate debt, reducing interest costs by over 570 basis points and unlocking annual savings of US$33 million[6, 32, 42] Customer Experience - Customer satisfaction (NPS) remained at a high of 56 points in 2Q25[6, 41] Fleet and Guidance - The company received 12 aircraft in 2Q25 (11 narrow-body + 1 wide-body)[6] - Updated 2025 full-year guidance reflects an improved outlook, with adjusted EBITDAR expected to be between US$3.65 billion and US$3.85 billion[6, 37]