Banco Santander and LATAM Pass renew their historic alliance, reaffirming the leadership of the loyalty program in Chile
Banco Santander Chile (NYSE: BSAC) and LATAM Airlines Group have renewed their strategic alliance for another five years, extending their 30-year partnership in Chile's leading loyalty program. The LATAM Pass program facilitates approximately 2 million ticket redemptions annually, equivalent to 3,415 A320 aircraft worth of passengers.
The program has experienced significant growth, with over 51 million members globally, representing a 40% increase since 2019. The Santander LATAM Pass alliance currently serves more than 688,000 customers in Chile. As of June 2025, Banco Santander Chile reported total assets of US$69.4 billion, with a strong BIS capital ratio of 17.0%.
Banco Santander Chile (NYSE: BSAC) e LATAM Airlines Group hanno rinnovato la loro alleanza strategica per altri cinque anni, prolungando un partenariato di 30 anni nel principale programma fedelt脿 del Cile. Il programma LATAM Pass consente circa 2 milioni di riscatti di biglietti all'anno, equivalenti al numero di passeggeri trasportati da 3.415 aeromobili A320.
Il programma ha registrato una crescita rilevante, con oltre 51 milioni di iscritti a livello globale, pari a un +40% rispetto al 2019. L'alleanza Santander LATAM Pass serve attualmente pi霉 di 688.000 clienti in Cile. A giugno 2025 Banco Santander Chile ha dichiarato attivit脿 totali per US$69,4 miliardi, con un solido indice patrimoniale BIS del 17,0%.
Banco Santander Chile (NYSE: BSAC) y LATAM Airlines Group renovaron su alianza estrat茅gica por cinco a帽os m谩s, extendiendo una asociaci贸n de 30 a帽os en el principal programa de fidelizaci贸n de Chile. El programa LATAM Pass facilita aproximadamente 2 millones de canjes de pasajes al a帽o, equivalentes a los pasajeros de 3.415 aviones A320.
El programa ha experimentado un crecimiento significativo, con m谩s de 51 millones de miembros a nivel mundial, lo que representa un 40% de aumento desde 2019. La alianza Santander LATAM Pass atiende actualmente a m谩s de 688.000 clientes en Chile. A junio de 2025, Banco Santander Chile report贸 activos totales por US$69,4 mil millones, con una s贸lida ratio de capital BIS del 17,0%.
Banco Santander Chile (NYSE: BSAC)鞕� LATAM Airlines Group鞚� 鞝勲灥鞝� 霃欕Ч鞚� 頄ロ泟 5云� 雿� 鞐办灔頃� 旃犽爤鞚� 雽�響滌爜 搿滌棿韹� 頂勲攴鸽灗鞐愳劀 30雲勱皠 鞚挫柎鞓� 韺岉姼雱堨嫮鞚� 歆�靻嶍暕雼堧嫟. LATAM Pass 頂勲攴鸽灗鞚� 鞐瓣皠 鞎� 200毵� 瓯挫潣 頃车甓� 甑愴櫂鞚� 歆�鞗愴晿氅�, 鞚措姅 A320 頃车旮� 3,415雽赌攵�鞚� 鞀龟皾 攴滊鞐� 頃措嫻頃╇媹雼�.
鞚� 頂勲攴鸽灗鞚� 韥� 韽潣 靹膘灔鞚� 氤挫榾鞙茧┌ 鞝� 靹戈硠鞝侅溂搿� 5,100毵� 氇� 鞚挫儊鞚� 須岇洂鞚� 頇曤炒頃� 2019雲� 雽�牍� 40% 歃濌皜頄堨姷雼堧嫟. Santander LATAM Pass 鞝滍湸電� 順勳灛 旃犽爤鞐愳劀 688,000氇� 鞚挫儊鞚� 瓿犼皾鞐愱矊 靹滊箘鞀るゼ 鞝滉车頃橁碃 鞛堨姷雼堧嫟. 2025云� 6鞗� 旮办 Banco Santander Chile鞚� 齑濎瀽靷办潃 US$69.4 billion(氙疙檾 694鞏� 雼煬)鞙茧 氤搓碃霅橃棃瓿�, BIS 鞛愲掣牍勳湪鞚� 17.0%搿� 瓴“頃╇媹雼�.
Banco Santander Chile (NYSE: BSAC) et LATAM Airlines Group ont renouvel茅 leur alliance strat茅gique pour cinq ann茅es suppl茅mentaires, prolongeant ainsi leur partenariat de 30 ans au sein du principal programme de fid茅lit茅 du Chili. Le programme LATAM Pass permet environ 2 millions de conversions de billets par an, soit l'茅quivalent des passagers de 3 415 appareils A320.
Le programme a connu une croissance importante, avec plus de 51 millions de membres dans le monde, soit une augmentation de 40% depuis 2019. L'alliance Santander LATAM Pass dessert actuellement plus de 688 000 clients au Chili. 脌 fin juin 2025, Banco Santander Chile a d茅clar茅 des actifs totaux de US$69,4 milliards, avec un ratio de fonds propres BIS solide de 17,0%.
Banco Santander Chile (NYSE: BSAC) und die LATAM Airlines Group haben ihre strategische Allianz um weitere f眉nf Jahre verl盲ngert und damit ihre 30-j盲hrige Partnerschaft im f眉hrenden Treueprogramm Chiles fortgesetzt. Das LATAM Pass-Programm erm枚glicht j盲hrlich rund 2 Millionen Pr盲mienfl眉ge, was dem Passagieraufkommen von 3.415 A320-Flugzeugen entspricht.
Das Programm verzeichnet ein starkes Wachstum und z盲hlt 眉ber 51 Millionen Mitglieder weltweit, ein Anstieg von 40% seit 2019. Die Allianz Santander LATAM Pass betreut derzeit mehr als 688.000 Kunden in Chile. Per Juni 2025 meldete Banco Santander Chile eine Bilanzsumme von US$69,4 Milliarden sowie eine solide BIS-Kapitalquote von 17,0%.
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Insights
Santander-LATAM alliance renewal strengthens both companies' market positions while maintaining valuable customer benefits for 688,000+ program members.
Banco Santander Chile and LATAM Airlines have extended their three-decade partnership for another five years, preserving one of Latin America's most successful co-branded loyalty programs. This renewal has significant strategic value for both companies in the competitive Chilean financial and travel markets.
The program's scale is impressive, with approximately 2 million airline tickets redeemed annually through miles accumulated via Santander's banking products. With over 688,000 customers, this alliance represents Santander Chile's most valuable loyalty partnership, providing a powerful customer retention tool in the competitive Chilean banking sector.
For LATAM, the partnership helps fuel its LATAM Pass program, which now counts over 51 million members globally and has grown 40% since 2019. The program ranks as the fourth-largest loyalty program in the Americas and seventh-largest worldwide, creating a valuable recurring revenue stream and customer data source for the airline.
The alliance's continuation provides stability for both companies during a period when consumer spending patterns are evolving. For Santander, it maintains a differentiated value proposition that drives credit card acquisitions and spending. For LATAM, it secures a steady stream of mile purchases from a major financial institution, creating predictable revenue.
While the release doesn't disclose financial terms, typical airline-bank partnerships involve the financial institution purchasing miles at wholesale rates, representing a high-margin revenue source for airlines while giving banks a valuable customer acquisition and retention tool.
- This renewal ensures the continuity of the longest-standing alliance in the country, which enables the redemption of around 2 million tickets per year on average.
- This milestone drives the alliance to continue innovating in its product value proposition, reaffirming the commitment to continuously enhance the travel experience of the program鈥檚 members.
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.
Over the past 30 years, the alliance has consistently received high customer appreciation. To illustrate the scale of the partnership, an average of around 2 million airline tickets are redeemed each year through miles accumulated via the bank鈥檚 products. This is equivalent to operating 3,415 A320 aircraft exclusively with alliance passengers. In addition, alliance members have enjoyed an enhanced flying experience thanks to the benefits offered by the affiliated credit cards.
Andr茅s Trautmann, Country Head of Banco Santander Chile, stated: 鈥淲ith more than 30 years of history, this alliance has become a cornerstone of our daily relationship with customers. Its renewal is a strategic decision aimed at strengthening and projecting into the future a value proposition that has proven to be relevant and widely appreciated by those who place their trust in us.鈥�
鈥淲e are thrilled to renew this alliance with Banco Santander, a strategic partner for LATAM Pass, with whom we aim to continue creating value for customers. This milestone continues a historic relationship and reaffirms our commitment to elevating the travel experience of every one of our members. At LATAM Pass, we will continue working to offer unique benefits and unforgettable experiences through the region鈥檚 leading loyalty program,鈥� said Roberto Alvo, CEO of the LATAM Group.
Currently, the LATAM Pass program has over 51 million members worldwide and has grown by
Meanwhile, the Santander LATAM Pass alliance currently has more than 688,000 customers, making it the most established, valued, and important loyalty program in Chile.
Photo caption (from left to right): Cristian Ortiz, CEO of LATAM Pass; Roberto Alvo, CEO of the LATAM Group; Andr茅s Trautmann, CEO of Banco Santander Chile; and 脕ngel Garc铆a, Payments Manager.
About Banco Santander Chile
Banco Santander Chile is one of the companies with the highest risk ratings in Latin America, with an A2 rating from Moody's, A- from Standard & Poor's, A+ from the Japan Credit Rating Agency, AA- from HR Ratings, and A from KBRA. All of our ratings have a stable outlook as of the date of this report.
As of June 30, 2025, the bank had total assets of Ch
About The LATAM Pass loyalty program
The LATAM Pass loyalty program allows its members to earn miles by flying, using credit cards, and interacting with participating merchants. These miles can then be redeemed for flights and products available on the LATAM Pass Shopping platform. Members can also access exclusive benefits鈥攄epending on their tier鈥攖o enhance their onboard experience. The list of participating merchants can be found on the program鈥檚 website.
CONTACT INFORMATION
Cristian Vicu帽a
Chief Strategy Officer and Head of Investor Relations
Banco Santander Chile
Bandera 140, 20th Floor
Santiago, Chile
Email: [email protected]
Website: www.ir.santander.cl
A photo accompanying this announcement is available at
FAQ
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