LATAM Airlines Group S.A.
boothcheck covers LATAM Airlines Group S.A. (LTM) but does not put one priced-in number on it: here the defensible answer is the evidence rather than a point estimate. boothcheck publishes no house fair value, target price, or buy/sell rating. Narrative composed June 27, 2026.
• LATAM emerged from restructuring as the dominant South American airline group with a rebuilt cost structure, posting a record 31.7% adjusted EBITDA margin and net leverage down to 1.3 times in the first quarter of 2026 [Source: LATAM Q1 FY2026 results, May 2026]. • The biggest risk is a margin reset from fuel or currency: management has warned that rising jet-fuel prices will weigh on results from the second quarter, and the price embeds the favorable margin environment continuing. • Watch fue
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159 institutional managers reported holding LTM in 13F filings for the quarter ended 2026-03-31. Together they hold about 10% of the company; the top 10 hold 6%. 60 opened new positions that quarter. Held by Morgan Stanley, Jane Street, Citadel Advisors, among others. On the short side, 2.7M shares were sold short as of the 2026-06-15 count, about 0.9% of shares outstanding (3.3 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
It pays a dividend, and has for 3 years running, raised 2 years straight. Cash returned over the past three years: $1.07B in dividends.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 27, 2026
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