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Business Class tickets to Lima are (relatively) cheap!

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Just booked our flights to Lima in November. I was surprised to see that flights from Seattle to Lima (via Houston) were just $1500 in business class, and just over $1000 for economy. Is there usually so little difference in price between coach and business in flights to South America?

(This is our first trip to South America - we are usually booking flights to Asia or Europe, where the price differences are much larger.)

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