In the South America - Europe market Level and Norwegian will not kill each other. Will hurt the traditional carriers. The south america pass looks for price. GDP is lower here than in europe. They travel via hubs with 1 or 2 stops just to save 100 bucks. A lot or the trafic generated to spains is VFR (visit friend and relatives). Migrants. They care about prices. LATAM, Iberia, Aerolineas Agentinas, Avianca, will be hurt one way or another.