LTM Earnings Prediction
The chart below shows how LTM performed 10 days before and after its earnings report, based on data from the past quarters. Typically, LTM sees a +0.00% change in stock price 10 days leading up to the earnings, and a +0.00% change 10 days following the report. On the earnings day itself, the stock moves by +0.00%. This data can give you a slight idea of what to expect for the next quarter's release.
LTM Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
3.25B
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Gross Margin
25.80%
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Operating Margin
13.43%
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--
Net Margin
9.32%
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EPS
0.00
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No Data Available
LTM Earnings Analysis
LATAM Airlines Group S.A. American Depositary Shares (each representing two thousand (2,000) shares Corporation (LTM.N) Earnings Conference Call
Positive
Capacity Expansion and Load Factor: 1. Significant Capacity Growth: LATAM Airlines increased its capacity by 51% while maintaining a high load factor, transporting 21.1 million passengers, a 7.1% increase year-over-year.
Adjusted EBITDAR Increase: 2. Record Adjusted EBITDAR: The company reported an adjusted EBITDAR of $828 million with a 25.2% margin, marking a 14% increase compared to the third quarter of 2023.
Net Income Surge: 3. Strong Net Income Performance: LATAM achieved a net income of $301 million for the quarter, bringing the year-to-date total to $705 million, a 41.3% increase year-over-year.
Strong Liquidity Leadership: 4. Robust Liquidity Position: The company reported $6.3 billion in liquidity, with a net leverage ratio of 1.7 times, positioning LATAM as a leader in the Americas with the lowest leverage profile for a wide-body carrier.
Credit Rating Upgrade: 5. Improved Credit Ratings: LATAM's credit rating was upgraded to BB- with a positive outlook by Standard and Poor's and to Ba2 with a stable outlook by Moody's, reflecting the company's strengthened capital structure.
Negative
Revenue Decline per ASKs: 1. Declining Revenue per ASKs: LATAM Airlines reported a 7.7% decrease in consolidated revenues per ASKs, attributed to lower jet fuel prices and currency depreciation.
Refinancing Income Impact: 2. Negative Impact from Refinancing: The recent refinancing will have a one-time negative impact on LATAM's income statement of approximately $134 million in the fourth quarter.
Liquidity Decrease Forecast: 3. Liquidity Decrease Anticipated: LATAM expects a slight decrease in liquidity by year-end 2024 due to the use of $200 million in cash for debt prepayment during refinancing.
Colombia Overcapacity Issues: 4. Overcapacity Challenges in Colombia: LATAM continues to face overcapacity issues in Colombia, which remains a challenge despite signs of market rebalancing.
Currency Risk Management: 5. Currency Volatility Risks: The company acknowledged that currency volatility, particularly in the Brazilian real, poses ongoing risks to its financial performance.
LTM FAQs
How does LTM typically perform around its earnings report dates?
Is LATAM Airlines Group S.A. (LTM) Q3 2024 Earnings Call Summary positive or negative?
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LTM Earning Call Sentiment
LATAM Airlines Group S.A. (LTM) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
LTM.N
-2.75%Positive
The earnings call summary indicates strong financial performance with a 30% increase in net income, improved liquidity, and successful debt refinancing. The Q&A section reveals management's confidence in maintaining EBIT margins despite challenges like currency fluctuations and fuel price volatility. The lack of specifics on shareholder returns is a minor concern, but overall, the financial health and strategic positioning are positive. This suggests a likely stock price increase in the short term.
