LATAM Airlines
“Can a Latin American airline group monetize the full traveler journey by embedding wallet, credit, insurance and local payment rails into its ticketing platform?”
Founded2012
HQSantiago, Chile
IndustryAirline / Passenger aviation
The story
LATAM Airlines Group is the result of the 2012 LAN-TAM merger and is the largest airline group in South America. Beyond core ticket sales, LATAM has built a meaningful embedded-finance surface: LATAM Wallet (a stored-value/refund wallet for passengers), UATP corporate line-of-credit acceptance for B2B travel buyers, embedded travel insurance via Assist Card, and a multi-country acquiring footprint accepting cards plus local rails (PIX, PSE, SafetyPay).
Last 12 months
Product timeline
2012
LATAM Airlines Group formed via merger of LAN (Chile) and TAM (Brazil).· merger
2016
Entered into a US$600M Revolving Credit Facility I with a syndicate of banks.· financing
2022
Amended and restated the Revolving Credit Facility under New York law.· financing
2024
Signed commercial agreement with Assist Card to embed travel insurance on LATAM's site across BR/CL/PE/CO/EC.· insurance
2024
UATP (LATAM is a UATP issuer/acceptor) partnered with Klarna to enable BNPL across air-travel ecosystem.· lending
2024
Launched South America's first airline Sustainability-Linked Loan of US$300M.· financing
The stack
Payments / PSP
Lending
UATP (industry network) + LATAM Corporate (self-operated)UATP line of credit for corporate travel buyers
Accounting gap: significant