LATAM Airlines Group revamping its fare structure to offer a basic economy option on domestic flights and Copa Holdings launching a low-cost carrier (LCC) signal a move toward low-fare services in Latin America, even among the region’s largest airlines. LCCs have transformed the domestic Mexican market in recent years, and LCCs have a strong foothold in the Brazilian market, but the model has not yet caught on in the rest of Latin America. That appears to be changing, particularly in ...

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