LATAM Airlines Group SA Investor Day Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Pablo Monsivais - Barclays Services Corp - Analyst : I'm Pablo Monsivais from Barclays. My first question is a little bit more to understand the evolution of the premium revenues because you have said that, just recently, you have a renewed focus in this segment, that has been very profitable. But I wanted to understand that this trajectory is more a function of your efforts to capture premium revenues or that the market in the region has become more discerning, as you have said. And also, if we should expect that to continue to be the case, if there's, I see that the numbers that there's a still an untapped opportunity. But to understand a little bit more the dynamics of, we finally saw this opportunity that we weren't covering properly in the past or perhaps just LATAM market has been coming a little bit more demanding and de-commoditizing than in the past.

Question: Pablo Monsivais - Barclays Services Corp - Analyst : Perfect. And a follow-up, if I may, in that same sense, you said that you have a 35% active members in LATAM Pass. What is your strategy to increase that to 45%? And what is the benchmark that probably you aspire to because I think that is also related to those premium passengers, the members, and they want to be Elite, Diamond whatever, and then they spend more and so on?