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LATAM Airlines Group (LATAM Airlines Group) Tax Rate % : 5.50% (As of Mar. 2024)


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What is LATAM Airlines Group Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. LATAM Airlines Group's Tax Expense for the three months ended in Mar. 2024 was $15 Mil. LATAM Airlines Group's Pre-Tax Income for the three months ended in Mar. 2024 was $275 Mil. Therefore, LATAM Airlines Group's Tax Rate % for the quarter that ended in Mar. 2024 was 5.50%.

LATAM Airlines Group Tax Rate % Historical Data

The historical data trend for LATAM Airlines Group's Tax Rate % 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 Tax Rate % Chart

LATAM Airlines Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -37.84 10.78 -13.93 0.66 2.50

LATAM Airlines Group Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -6.02 1.47 -1.47 -553.62 5.50

LATAM Airlines Group Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

LATAM Airlines Group's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2023 )/Pre-Tax Income (A: Dec. 2023 )
=14.942/596.492
=2.50 %

LATAM Airlines Group's Tax Rate % for the quarter that ended in Mar. 2024 is calculated as

Tax Rate %=Tax Expense (Q: Mar. 2024 )/Pre-Tax Income (Q: Mar. 2024 )
=15.143/275.098
=5.50 %

* 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.

LATAM Airlines Group Tax Rate % 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 » Tax Rate %
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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.