LatAm Airlines holders offer 15M American depositary shares

LatAm Airlines holders offer 15M American depositary shares

LatAm Airlines Group (LATAM) has made significant announcements this month, signaling a renewed focus on shareholder value and strategic partnerships. The airline group reported preliminary monthly statistics for June 2025, highlighting its financial performance and strategic initiatives [1].

One of the key announcements was the approval of a second share repurchase program by LATAM’s shareholders. This move is aimed at enhancing shareholder value and bolstering the company's financial position. The share repurchase program is expected to be a significant boost for the company's stockholders, aligning with the airline group's strategy to optimize capital structure [1].

In a separate development, LATAM Airlines Group has extended its strategic alliance with Banco Santander Chile for another five years. This renewal of the partnership, which has been in place for over three decades, underscores the long-standing commitment between the two companies. The alliance has been instrumental in the growth and success of the LATAM Pass loyalty program, which now boasts over 51 million members worldwide [2].

The LATAM Pass program, facilitated by the partnership with Banco Santander Chile, has seen remarkable growth, with a 40% increase in membership since 2019. This program allows members to redeem around 2 million airline tickets annually through miles accumulated via Banco Santander's products [2].

The renewal of the alliance is seen as a strategic move to continue innovating in the product value proposition, ensuring the continued success of the LATAM Pass loyalty program. Both Banco Santander Chile and LATAM Airlines Group expressed enthusiasm about the renewal, emphasizing their commitment to enhancing customer benefits and experiences [2].

Additionally, LATAM Airlines Group has successfully completed a debt refinancing for US$800 million, further strengthening its financial position and liquidity [1].

These announcements reflect LATAM’s commitment to financial stability and strategic growth, positioning the company for continued success in the aviation industry.

References:

[1] LATAM Airlines Group reports preliminary monthly statistics for June 2025. Retrieved from [https://www.latamairlinesgroup.net/](https://www.latamairlinesgroup.net/)
[2] Banco Santander Chile and LATAM Airlines extend 30-year partnership. Retrieved from [https://www.businessupturn.com/usa/santander-chile-and-latam-airlines-extend-30-year-partnership/85887/](https://www.businessupturn.com/usa/santander-chile-and-latam-airlines-extend-30-year-partnership/85887/)