BSAC Partnership

Banco Santander and LATAM Pass renew their historic alliance, reaffirming the leadership of the loyalty program in Chile

Published August 11, 2025 at 04:45 PM

SANTIAGO, Chile, Aug. 11, 2025 (GLOBE NEWSWIRE) -- Banco Santander Chile (NYSE: BSAC; SSE: Bsantander) and LATAM Airlines Group S.A. (NYSE: LTM; SSE: LTM) have renewed their strategic alliance for another five years, consolidating over three decades of collaboration. This partnership has enabled the development of the most recognized loyalty program in the Chilean market, connecting millions of people with travel-related benefits and LATAM Pass program services.

Related Questions

How will the renewed alliance influence customer acquisition, retention, and cross‑selling opportunities for Santander's banking products? What are the potential regulatory or operational risks associated with extending the loyalty program partnership? How might the renewed alliance influence the broader financial and airline sectors in Chile and Latin America? How will the renewal of the Santander‑LATAM Pass alliance affect Banco Santander Chile's (BSAC) revenue and profit margins over the next five years? What incremental revenue and cost synergies are expected from the loyalty program partnership for both BSAC and LATAM Airlines Group (LTM)? What are the specific financial terms of the five‑year extension (e.g., fees, revenue sharing, investment commitments)? What impact will the partnership have on LATAM's ancillary revenue and passenger load factors in Chile and the broader LATAM network? How does this partnership compare with competitors' loyalty programs in the region (e.g., Avianca, Copa Airlines) in terms of market share and profitability? What is the expected effect on the share price and trading volume of BSAC and LTM following the announcement? Will the alliance lead to any changes in credit ratings or risk assessments for Banco Santander Chile?