LATAM Airlines Shareholders Greenlight 5% Buyback, Authorizing Up to 28.7 Billion Shares
LTM sits 33% above its 52-week low of $41.41.
Summary
LATAM Airlines shareholders approved a new share repurchase program for up to 5% of outstanding shares (28.7 billion shares) over five years, with the board authorized to set pricing and execute purchases.
Key Events · Financing and Capital Events · LTM
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5% Buyback Program Approved
At the Extraordinary Shareholders' Meeting, a new repurchase program was approved for up to 28,710,799,185 shares, representing 5% of the 574,215,983,709 total shares outstanding.
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Five-Year Authorization
The program carries a 5-year duration from today, August 3, 2026, and the board is authorized to set minimum and maximum acquisition prices, with the flexibility to modify them at its discretion.
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Flexible Execution Parameters
In any 12-month period, the board may acquire up to 1% of share capital directly in the market without pro rata procedures, and may dispose of up to 1% of acquired shares without a preferential offering.
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Follows July 8 Proposal
This approval finalizes the repurchase program proposed on July 8, 2026, moving from a board recommendation to a shareholder-authorized mandate.
Analysis · LTM · Energy & Transportation
Shareholders approved a new 5% share repurchase program, authorizing the board to buy back up to 28.7 billion shares over five years. This follows the July 8 proposal and signals confidence in capital allocation. The program represents a significant potential return of capital, though actual execution depends on board discretion and market conditions.
At the time of this filing, LTM was trading at $55.00 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $15.3B. The 52-week trading range was $41.41 to $70.42. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.