Latam Airlines Group S.A. shares fall 1.64% after-hours despite renewing strategic alliance with Banco Santander.

Latam Airlines Group S.A. fell 1.64% in after-hours trading. The decline occurred despite the renewal of a strategic alliance between Banco Santander and LATAM Pass, which ensures the continuity of a long-standing partnership that enables the redemption of around 2 million tickets per year on average. This renewal is expected to drive innovation in the loyalty program and enhance the travel experience for its members.