BREAKING: Lima, Peru for €541 Nonstop LATAM Business Class from Madrid

LATAM Boeing 787 Business Class Sitze

LATAM Peru has issued an interesting fare for nonstop business class travel between Madrid and Lima. For just €541, you can cross the Atlantic Ocean twice in a lie-flat business class seat. This fare is valid for all travel that ends before June 30, 2021.

There is a huge catch in this Covid-19 ravaged times – these fares allow a refund of only 20%! Even worse, LATAM is currently undergoing bankruptcy under chapter 11. If this does not work out, your money is almost certainly gone.


This offer is no longer bookable.


We expect this fare to be gone within hours. Given the current state of global travel, we urge you to be careful when booking this fare and postpone further purchases like feeder flights or hotel bookings.

Great roundtrip fare for two long business class journeys.

Adding a European feeder flight on the same booking increases the price by roughly €50. It is possible from almost any major European airport.

This fare applies itineraries either with LATAM or Iberia. You can expect a LATAM Boeing 787, with 2-2-2 seating up front. Or Iberia’s Airbus A350 outfitted with 1-2-1 seating.

Search & Book

Fare rules for this deal are rather specific. Tickets are officially on sale until January 14, 2021 and all travel has to be completed on June 30, 2020 (arrival date of your inbound flight). In addition, a hefty minimum stay of seven days between departing Madrid and leaving Lima applies. On the upside, this fare is available almost daily in 2021.

Google Flights (instructions) displays these fares correctly. You can buy tickets directly on LATAM’s website. It may have trouble processing the ticket sales at this low price, so you might want to try other sites. If you want to save a few bucks with an increased risk of losing your money, fire up our flight search to see what online travel agencies have to offer.

Once you’ve booked the flight, check your booking class in the confirmation email. Should it not say business, you can cancel for free within 24 hours of having made the booking. This does seem highly unlikely, though.

Why is booking with an airline better than with an online travel agency?

More often than not, online travel agencies offer lower fares than airlines do. We still recommend booking with the airlines directly. There are three main reasons for that:

  1. The Covid-19 Pandemic
    During the worldwide outbreak of Covid-19, planning international travel got more and more risky because of ever-changing restrictions. In contrast to many online travel agencies, most airlines modified their terms & conditions to become more customer friendly. Rebooking conditions are eased, change fees are waived and cancellations are much easier when there is no third party involved.

    Further, by adding an OTA to your plans, you increase the risk of one service provider involved going bankrupt. Now, the airline and the online travel agency involved could vanish along with your money.
  2. Better Customer Service
    In case any problems like delays, cancellations or missed connections arise, you can communicate directly with the airline. The airlines has to take care of you because you have a contract with them.

    If a travel agency issues your ticket, you may have to reach out to them first. You also depend on your OTA to forward you information like flight changes instead receiving them directly from the airline. You may get a prime exhibition of responsibility shifting rather than problem solving.

    This especially applies for premium tickets. You don’t want to spend more than €1,000 to wind up with some budget OTA’s telephone hotline in case anything goes wrong.
  3. Baggage Fees
    Economy fares not including hold luggage are more and more common. In most cases, travel agencies charge much higher baggage fees than the airlines themselves. If bags are not included in your fare, airlines are often the cheaper alternative.

Worldwide travel restrictions are in place to slow the spread of Covid-19. We strongly recommend gathering detailed information about the travel and quarantine restrictions that apply to your desired origin and destination.

A good start is the International Air Transport Association (IATA) website. It provides current updates on a country’s immigration policies. Even better, the Covid-19 Travel Regulations Map is one of the most useful tools you can find.


LATAM issues these tickets in booking class Z. Partners are few, but thy do credit a lot in this booking class. This information is subject to change as LATAM will leave Oneworld alliance in the future:

  • 23,670 on Alaska Mileage Plan
  • 17,760 on Delta SkyMiles
  • 17,760 on Miles & More
  • 14,800 on Iberia Plus
  • 14,800 on British Airways Executive Club
Data provided by Without guarantee on correctness.

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Comment (1)

  1. Sierra says:

    Gerade bei Latam rennt man spΓ€ter seinem Geld hinterher. Die LETZTEN Error Fare wurden auch Nicht honoriert.

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