1Q 2026 Results Presentation

May 5, 2026

Solid start to the year supported by strong fundamentals

Operational performance Financial execution Structural advantages

• 10.4% capacity growth, transporting almost 23 million passengers.

• Load factor of 85.3%.

• Unit revenue increasing 12.7% year-over-year.

• Received 4 aircraft during the quarter, ending the period with 375 aircraft.

• 4-star Skytrax rating. Only airline in Latin American history to achieve this important global recognition.

• Premium revenues grew 28% vs 1Q25, 14% faster than main cabin revenues.

• Adjusted operating margin reached 19.8%, best quarterly result in history.

• Adj. EBITDA of US$1.3 billion, a 36.7% increase vs 1Q25.

• Net income came in at US$576 million, with an EPADS1 of US$2.01.

• Liquidity at US$4.1 billion and Adj. Net leverage at 1.3x.

• Strong and lean balance sheet provides flexibility to navigate external macro and geopolitical challenges.

• Unique value proposition enabling the capture of premium revenues and more resilient, high-margin demand.

• Proactive and route-specific revenue management actions and targeted capacity adjustments through strategic allocation of assets.

• Fuel hedging policy providing partial mitigation.

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Record operating margin driven by disciplined execution

Adj. EBITDA Margin

Adj. Operating Margin

Net Margin

31.7%

+3.5 p.p

vs 1Q 2025

19.8% +3.0 p.p.

13.9%

+3.5 p.p

vs 1Q 2025

vs 1Q 2025

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Capturing yield growth through strategic revenue management and customer preference

ASK (billion)

Load Factor (%)

Passengers (million)

PRASK (US$ cent)

Consolidated

45.5

41.3

1Q-25 1Q-26

Domestic Brazil

12.4 13.9

1Q-25 1Q-26

Domestic SSC

7.3 7.3

1Q-25 1Q-26

International

24.4

21.5

1Q-25 1Q-26

+10.4%

+11.9%

(0.7)%

+13.3%

83.3% 85.3%

1Q-25 1Q-26

80.8% 82.5%

1Q-25 1Q-26

85.8%

82.9%

1Q-25 1Q-26

86.8%

85.0%

1Q-25 1Q-26

+2.0 pp

+1.7 pp

+3.0 pp

+1.8 pp

21.0 22.9

1Q-25 1Q-26

8.8 9.9

1Q-25 1Q-26

7.9 8.1

1Q-25 1Q-26

4.3 4.9

1Q-25 1Q-26

+9.1%

+13.2%

+2.6%

+12.9%

8.0

7.1

1Q-25 1Q-26

8.6

7.3

1Q-25 1Q-26

9.8

7.9

1Q-25 1Q-26

6.8 7.2

1Q-25 1Q-26

+12.7%

+17.1% USD

+8.0% BRL

+24.7% USD

+18.8% Local Currency

+6.3%

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Note: Domestic SSC refers to domestic operations of LATAM Airlines Chile, LATAM Airlines Colombia, LATAM Airlines Ecuador and LATAM Airlines Peru, Domestic Brazil refers to LATAM Airlines Brazil domestic operations and International refers to international operations of LATAM Airlines Brazil, LATAM Airlines Chile, LATAM Airlines Colombia, LATAM Airlines Ecuador and LATAM Airlines Peru. Passenger RASKs (PRASK) presented are calculated based on accounting revenues (tickets flown) by business unit.

1Q26 vs 1Q25

Wide body Wi-Fi in 2026

São Paulo and Miami Lounges

vs 2019

Premium Comfort in 2027

4-star Skytrax rating

Only airline in Latin American history to achieve this prestigious recognition.

Upcoming 2027

The Airbus A321XLR will include Premium Business Cabin

Full-flat seats

1. Premium revenue share calculated upon passenger revenues.

Suite doors

Direct aisle access

Wi-Fi and Bluetooth connection

of LATAM's passenger revenues are generated by LATAM PASS

members

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+premi3um unxique travelers

2prem7ium r%evenue share1

2prem8ium re%venue growth

Premium passenger offering and value proposition driving revenue resilience

LATAM generated US$391 million in cash during the quarter

Adj. Cash Flow 1Q 2026 (US$ million)

2,150

858

(291) (58) (30)

2,630

(89)

2,541

1. Interim dividend approved in December for a total of US$400 million. Given operational payment timings, US$89 million was executed in January. 7

Strong balance sheet position with flexibility for the future

Liquidity

US$4.1 bn

27.0% of LTM revenues

Adj. Net leverage

1.3x

Weighted average cost of debt

WACD

6.6%

Unencumbered assets1

US$1.5 bn

More than

Non-fleet financial debt amortization profile (US$ million)

October 2026

Callable as of July 2027

800

275

2026

2027

2028

2029

2030

2031

2032

2033

All international credit ratings with

BB/Ba2 and Positive Outlook

1,400

Callable as of

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1. As of December 31, 2025.

Replacing 2026 full year guidance

New 2026 Guidance

Adj. Passenger CASK ex fuel

4.50 - 4.70

US$ cents

Adj. Net Leverage

≤1.8x

times

Adj. EBITDA

3.80 - 4.20

US$ billion

Liquidity

≥4.5

US$ billion

Assumptions:

Jet fuel price

US$170 - US$170 - US$150

2Q26 3Q26 4Q26

Exchange rate

BRL 5.15 per USD

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Takeaways

1. Differentiated and increasingly premium offering, combined with network strength, enabling effective revenue management.

2. Strong first quarter performance supported by a healthy and resilient demand environment, providing a solid foundation for the year.

3. Lean and strengthened balance sheet with high liquidity, low leverage, no short-term maturities, with assets and flexibility to navigate macro

   volatility.

4. LATAM group operating from the strongest financial and operational position in its history, entering the current environment with

momentum.

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May 5, 2026