LATAM Airlines Group (LATAM Airlines Group) Fuel Expense for Airlines (USD Mil) : 1,024.37 (As of Mar. 2024)

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What is LATAM Airlines Group Fuel Expense for Airlines (USD Mil)?

Fuel Expense for Airlines (USD Mil) are one of the largest, most variable airline expenses. A high fuel expense may reduce the profit of the airlines.

LATAM Airlines Group's Fuel Expense for Airlines (USD Mil) for the quarter that ended in Mar. 2024 was 1,024.37 , which lower from pervious quarter (Dec. 2023)'s result by 5.90%.

LATAM Airlines Group's Fuel Expense for Airlines (USD Mil) for the annual that ended in Dec. 2023 was 3,947.22 , which higher from pervious year (Dec. 2022)'s result by 1.67%.

The historical rank and industry rank for LATAM Airlines Group's Fuel Expense for Airlines (USD Mil) or its related term are showing as below:

LTMAY's Fuel Expense for Airlines (USD Mil) is not ranked ^*
in the Transportation industry.
Industry Median:
* Ranked among companies with meaningful Fuel Expense for Airlines (USD Mil) only.

LATAM Airlines Group's Fuel Consumed for Airlines (MGal) for the quarter that ended in Mar. 2024 was 330.80 , which higher from pervious quarter (Dec. 2023)'s result by 3.60%.

LATAM Airlines Group's Fuel Consumed for Airlines (MGal) for the annual that ended in Dec. 2023 was 1,195.03 , which higher from pervious year (Dec. 2022)'s result by 17.49%.

LATAM Airlines Group's Average Fuel Price per Gallon for the quarter that ended in Mar. 2024 was 3.15 , which lower from pervious quarter (Dec. 2023)'s result by 7.35%.

LATAM Airlines Group's Average Fuel Price per Gallon for the annual that ended in Dec. 2023 was 3.30 , which lower from pervious year (Dec. 2022)'s result by 13.16%.

LATAM Airlines Group Fuel Expense for Airlines (USD Mil) Historical Data

The historical data trend for LATAM Airlines Group's Fuel Expense for Airlines (USD Mil) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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LATAM Airlines Group Fuel Expense for Airlines (USD Mil) Chart

LATAM Airlines Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Fuel Expense for Airlines (USD Mil)

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Passenger Revenue (USD Mil)

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Revenue Passengers Carried #

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Fuel Consumed for Airlines (MGal)

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Freight Revenue (USD Mil)

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Available Seat Kilometers (Mil)

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Revenue Passenger Kilometers (Mil)

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LATAM Airlines GroupQuarterly Data

Trend

Dec22

Mar23

Jun23

Sep23

Dec23

Mar24

Fuel Expense for Airlines (USD Mil)

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Passenger Revenue (USD Mil)

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Revenue Passengers Carried #

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Fuel Consumed for Airlines (MGal)

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Freight Revenue (USD Mil)

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Available Seat Kilometers (Mil)

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Revenue Passenger Kilometers (Mil)

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Competitive Comparison of LATAM Airlines Group's Fuel Expense for Airlines (USD Mil)

For the Airlines subindustry, LATAM Airlines Group's Fuel Expense for Airlines (USD Mil), along with its competitors' market caps and Fuel Expense for Airlines (USD Mil) data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

LATAM Airlines Group (OTCPK:LTMAY) Fuel Expense for Airlines (USD Mil) Explanation

Fuel Expense for Airlines (USD Mil) are one of the largest, most variable airline expenses. It is affected by Fuel Consumed for Airlines (MGal) and Average Fuel Price per Gallon. An excessive Average Fuel Price per Gallon may adversely affect the company's profits by increasing the fuel expense.

LATAM Airlines Group Fuel Expense for Airlines (USD Mil) Related Terms

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LATAM Airlines Group (LATAM Airlines Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » LATAM Airlines Group SA (OTCPK:LTMAY) » Definitions » Fuel Expense for Airlines (USD Mil)

Comparable Companies

Traded in Other Exchanges

LFL:Germany LTM:Chile

Address

Avenida Presidente Riesco No. 5711, 20th Floor, Las Condes, Santiago, CHL

Website

https://www.latamairlinesgroup.net

LATAM Airlines Group SA operates as a passenger airline group. Geographically, the company operates in Brazil, Chile, Colombia, Ecuador, and Peru, along with international operations within Latin America and to Europe, the US, and the Caribbean. The firm generates its revenue from transporting passengers and cargo.