LATAM Airlines Q3 Revenue Misses Estimates by $110M

LATAM Airlines reported third-quarter results that fell short of analyst expectations on both revenue and earnings, according to figures published Tuesday. The carrier posted revenue of $4.48 billion, missing consensus estimates by $110 million. GAAP earnings per share came in at $0.00, falling $1.20 short of what analysts had forecast.

The revenue shortfall and the flat GAAP earnings figure mark a notable gap versus the profit expectations embedded in analyst models for the quarter. The $0.00 GAAP EPS result means the company reported no per-share profit on a generally accepted accounting principles basis for the period, against a consensus estimate that had anticipated $1.20 per share.

The results place LATAM among airlines facing scrutiny over their earnings quality and top-line performance as the quarter closes. The revenue miss of $110 million came against a $4.48 billion top line, based on the reported figures.

For investors, the key focus will be the gap between the reported GAAP earnings and the consensus estimate of $1.20 per share, a divergence that typically draws questions about one-off items, accounting treatment, or cost pressures during the quarter.

LATAM's shares and its debt will be watched for reaction to the dual miss, with the revenue shortfall and the flat GAAP EPS both pointing to a quarter that came in below the expectations analysts had set heading into the release.