Shares of LATAM Airlines (NYSE:LTM) surged by 4.6% today, reaching their highest level in over two months, following the company's announcement that it had raised its core earnings outlook for 2025.
The performance significantly outpaced Chile's main index, .SPIPSA, which saw a more modest rise of 0.8%.
The Chilean carrier attributed the upward revision to strong first-quarter results and stable demand.
LATAM now anticipates its 2025 earnings before interest, taxes, depreciation, amortization, and rental costs (EBITDAR) to fall between $3.4 billion and $3.75 billion.
This is an increase from the previous estimate of $3.25 billion to $3.6 billion.
Today's substantial gains in the share price added 350.3 billion pesos ($371.08 million) to the company's market capitalization, reflecting strong investor confidence in the airline.