In Avengers: Endgame we see that:
Loki steals the Tesseract after Tony fails to take it.
Can this action alter the present in the current universe, where they are supposedly dead? What else could be the reason that the scene is included in the movie?
Answer
I've said this in a few answers now but time travel appears to work in that the characters are not altering their own past but their future... in the past. As such any events that happen in the future past don't affect what had happened in the past past.
That said as The Ancient One explained a way to create a different timeline is to remove an Infinity Stone from its own timeline. As Loki now has the Space Stone it could be possible that he could create a new timeline and survive.
It's worth noting though that Loki is getting a spin off TV series sometime and so this could all just be a set up for that in either an alternate timeline or something similar.
Disney’s new streaming video service needs some heroes, but it’s turning to some former Marvel villains who have been drawn to the light.
Tom Hiddleston’s Loki and Elizabeth Olsen’s Scarlet Witch could each get their own limited series on the platform, which is expected to launch in late 2019, sources confirm to EW.
Entertainment Weekly, Disney's new streaming service to feature Loki and Scarlet Witch shows
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