LATAM Airlines Group, president Ignacio Cueto, says the carrier will implement a new model with LCC elements in 2018 on its international short-haul routes, and expand it regionally in 2019.

The move is in response to the rise of LCCs entering LATAM's market, although Cueto says the company has anticipated the movements and has not suffered any harm.

LATAM says it's ready to face this new reality, and further adjustments will be made, although smaller.