Matt KendallLatin America’s largest air carrier, Latam Airlines, is moving to a new pricing model for domestic flights in the region.
The new model with include a 20% reduction in air fares but also extra charges for services such as baggage check-in, food and drink, and advance seat assignments, all of which were previously included.
“This change will allow us to be competitive and assure the sustainability of the group’s businesses in the long term,” the company said.
Latam airlines hopes the new model will increase passenger traffic by up to 50% by 2020.
The new pricing model will come into effect in the first half of 2017 for domestic flights in Argentina, Brazil, Chile, Colombia, Ecuador, and Peru.
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