LATAM posts $576m Q1 profit but cuts 2026 guidance as oil shock lifts fuel costs
LATAM Airlines Group reported first-quarter 2026 net profit of $576 million, helped by a 10.4% increase in capacity and ending the period with about $4.1 billion in liquidity. Despite beating expectations and generating $500 million in free cash flow, the carrier canceled its 2026 seat-capacity outlook and reduced full-year guidance amid higher fuel costs and a conservative pricing outlook.