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LATAM Airlines November 2025 Traffic Improves Year Over Year

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Key Takeaways

  • LTM's November traffic rose 3.6% YoY, supported by 4.6% capacity growth and new domestic/international routes.
  • November 2025 load factor of 85.4%, fell by 0.8% percentage points on a year-over-year basis.
  • LTM carried 7.4 million passengers in November, with YTD total transporting 79.6M across its network.

LATAM Airlines Group (LTM - Free Report) reported a year-over-year increase in revenue passenger-kilometers (RPK: a measure of air traffic) for November 2025.

LATAM Airlines reported a 4.6% year-over-year increase in consolidated capacity, measured in available seat-kilometers (ASK). The uptick was driven by an 11.4% increase in LATAM Airlines Brazil’s domestic capacity, and a 4% rise in international operations. Internationally, two routes were inaugurated during November: Santiago (Chile) – Belo Horizonte (Brazil) and Bogota (Colombia) – Belem (Brazil).

LTM’s consolidated traffic, measured in RPK, increased 3.6% year over year in November, with the domestic market in LATAM Airlines Brazil reporting 12.1% year-over-year growth. The consolidated load factor (percentage of seats filled by passengers) for November 2025 fell to 85.4% from 86.1% in November 2024.

In November, LATAM Airlines transported almost 7.4 million passengers, an increase of 4.9% year over year. During the first 11 months of 2025 (between January and November), LATAM Airlines has transported 79.6 million passengers across its network.

LTM’s Zacks Rank & Price Performance

LATAM Airlines currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Shares of LTM have gained 85.4% so far this year, outperforming the 11% increase of the Zacks Airline industry.

LTM Stock YTD Price Comparison

Zacks Investment Research Image Source: Zacks Investment Research

November 2025 Traffic of Another Airline Company

Apart from LATAM Airlines, another airline company that has reported traffic numbers for November 2025 is Ryanair Holdings (RYAAY - Free Report) .

Ryanair Holdings

European carrier, Ryanair reported solid traffic numbers for November2025, driven by upbeat air-travel demand.

The number of passengers transported on Ryanair flights was 13.8 million in November2025, reflecting a 6% year-over-year increase. The Novemberload factor (percentage of seats filled by passengers) of 92% remained flat on a year-over-year basis, reflecting consistent passenger demand for the airline's services.  RYAAY operated more than 78,000 flights in November2025.

Passenger volume has been robust at Ryanair, following the end of the pandemic and normalization of economic activities. With travel bookings rising across the industry, passenger revenues at Ryanair are also rising. Because of this air-travel demand strength, RYAAY's traffic grew 9% to 183.7 million passengers in fiscal 2024.

Further, we would like to remind investors that Ryanair carried 200.2 million passengers (traffic up 9% year over year) in its fiscal year ending March 2025, positioning itself as the first European airline to reach 200 million passengers in a single year. As a result, RYAAY is now the world’s leading low-fare airline in terms of passenger traffic, with low fares and reduced costs acting as the main catalyst. 

During the first half of fiscal 2026, RYAAY’s traffic grew 3% year over year to 119 million passengers. Given the aforesaid encouraging backdrops, Ryanair has unveiled its raised traffic outlook for fiscal 2026 (concurrent with its second-quarter fiscal 2026 earnings release on Nov. 3, 2025). Ryanair now expects its fiscal 2026 traffic to grow by more than 3% to 207 million passengers (prior view: 206 million), owing to earlier than expected Boeing (BA - Free Report) deliveries and solid demand during the first half of fiscal 2026.


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