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So far Kostas Iatrou has created 165 blog entries.

UNWTO Launches Global Guidelines to Reopen Tourism

Source: UNWTO The World Tourism Organization (UNWTO) has released a set of guidelines to help tourism sector emerge stronger and more sustainably from COVID-19. The guidelines highlight the need to act decisively, to restore confidence and, as UNWTO strengthens its partnership with Google, to embrace innovation and the digital transformation of global tourism. The guidelines were produced in consultation with the Global Tourism Crisis Committee and aim to support governments and private sector to recover from an unparalleled crisis. Depending on when travel restrictions are lifted, the United Nations specialized agency warns that international tourist arrivals could fall by between 60% and 80%. This puts 100-120 million jobs at risk and could lead to US$ 910 billion to US$ 1.2 trillion lost in [...]

2020-05-28T20:38:55+03:00May 28th, 2020|Uncategorized|

The biggest crisis of the commercial aviation in our time

By Exequiel Sanhueza, May 17, 2020. In the history of humanity, the population has been plagued by various epidemics and pandemics; some with greater consequences than others, but always leaving a high percentage of mortality. Also, there have been other types of crisis, such as the oil crisis in October 1973 generated as a result of Israel's war against Egypt and Syria; the financial crisis of October 1987, the day the most important stock markets in the world collapsed; the crisis of July 1997 that produced the demise of the Asian miracle; the terrorist attacks in the United States of September 11, 2001, which changed our way of flying; and finally and most recently, the crisis of September 2008 when, [...]

2020-05-26T21:40:59+03:00May 26th, 2020|Expert Opinions & Industry Trends|

Azul June Network Update

Source: Azul Azul S.A. (“Azul”) announces today that it will increase its June schedule to 168 flights per peak day compared to 115 daily departures in May, and 70 flights per day in April. In addition, the Company will be flying to 57 domestic destinations in June, up from 38 cities served in May and 25 destinations served in April. “Although our June capacity is still approximately 80% down year over year, we are seeing a positive trend in demand since the outbreak of the Covid-19 pandemic. We will continue to monitor revenue conditions and expand our network as several cities in Brazil gradually lift travel restrictions and demand returns, especially in the state of São Paulo, which is expected [...]

2020-05-22T01:18:16+03:00May 22nd, 2020|AIRLINES, News|

ACI and IATA Outline Roadmap for Aviation Industry Restart

Source: IATA International (ACI) World and the International Air Transport Association (IATA) have called on governments to ensure any new measures introduced for airports and airlines in the wake of COVID-19 are supported by scientific evidence and are consistent across the world. The aviation sector has been brought to a standstill and a balanced and effective restart and recovery depends on collaboration among the key participants in the global aviation ecosystem. ACI and IATA have jointly issued a paper laying out a pathway for restarting the aviation industry - Safely Restarting Aviation - ACI and IATA Joint Approach. Airlines and airports have cooperated to build a roadmap for resuming operations which reassures the travelling public that health and safety remain [...]

2020-05-20T16:53:25+03:00May 20th, 2020|News, ORGANISATIONS|

IATA Outlines Layered Approach for Industry Re-Start

Source: IATA The International Air Transport Association (IATA) revealed details of its proposed temporary layered approach to biosecurity for re-starting passenger flights amid the COVID-19 crisis. IATA has published Biosecurity for Air Transport: A Roadmap for Restarting Aviation (pdf) which outlines IATA’s proposal for a layering of temporary biosecurity measures. The Roadmap aims to provide the confidence that governments will need to enable the re-opening of borders to passenger travel; and the confidence that travelers will need to return to flying. “There is no single measure that will reduce risk and enable a safe re-start of flying. But a layering measures that are globally implemented and mutually recognized by governments can achieve the needed outcome. This is the greatest crisis that [...]

2020-05-20T00:30:28+03:00May 20th, 2020|News, ORGANISATIONS|

Over 2,000 foreign residents have returned to their countries in Aerolíneas Argentinas flights

Source: Aerolíneas Argentinas Aerolíneas Argentinas has confirmed that more than 2,000 foreign residents have returned to their home countries in flights operated by the company. A few weeks ago, the company was authorized to carry foreign residents in the outbound segments of some of its flights. This new stage began with the flight to Quito on April 12, which carried 187 Ecuadorian citizens. The company also carried passengers to London, Madrid, Barcelona, Miami, Rome, Montevideo, Asuncion, Santiago de Chile, São Paulo, Lima, Cancun and Punta Cana. In the same vein, the company confirmed a new flight to Rome, scheduled to depart on May 15, which will carry 100 Italian citizens, and two flights to Madrid, scheduled to depart on May [...]

2020-05-15T22:01:27+03:00May 15th, 2020|AIRLINES, News|

Azul Closes Acquisition of TwoFlex

Source: Azul Azul S.A. “Company” (B3: AZUL4, NYSE: AZUL) announces today the closing of the acquisition of Two Taxi Aéreo Ltda “TwoFlex”. Payment will be made in up to 30 monthly installments, subject to certain financial and operating conditions, and a final payment of up to R$30 million, which shall be deposited in escrow as collateral in favor of the Company for a determined period. The total purchase price will be R$123 million. The transaction was approved without restrictions by the Brazilian Administrative Council for Economic Defense (CADE – Conselho Administrativo de Defesa Econômica) on March 27, 2020. TwoFlex is a domestic airline based in Jundiaí, Brazil. It was founded in 2013 and offers regular passenger and cargo service to [...]

2020-05-15T21:59:59+03:00May 14th, 2020|AIRLINES, News|

Azul Announces Deferral of 59 Embraer Aircraft Deliveries

Source: Azul Azul S.A. “Azul” (B3: AZUL4, NYSE: AZUL) announces today that it reached an agreement with Embraer to defer 59 E2s deliveries, expected to take place between 2020 and 2023, to 2024 and beyond. These aircraft have a list price of R$24.5 billion. Azul has acted very swiftly in adapting its business to the COVID-19 crisis. It adjusted its capacity to the new demand environment by reducing it by 90% in the month of April compared to 2019. It also made headcount and salary changes which allowed the Company to reduce payroll costs by over 50% compared to the similar period last year. “Azul entered this crisis as one of the most profitable airlines in the world. The impact [...]

2020-05-15T21:59:08+03:00May 13th, 2020|AIRLINES, News|

IATA Teleconference on the COVID-19 Crisis – 13 May

-Alexandre de Juniac, IATA’s Director General and CEO -Brian Pearce, IATA’s Chief Economist Read remarks of Alexandre de Juniac View the COVID-19 Outlook for Air Travel in the Next 5 Years presentation  https://www.youtube.com/watch?v=QeI61V0YTag&t=519s  

2020-05-18T20:06:14+03:00May 13th, 2020|Web TV|

ALTA TRAFFIC REPORT, MARCH 2020

Panama, May 13, 2020 – The Latin American and Caribbean Air Transport Association (ALTA) announces that airlines operating the Latin America and Caribbean market carried 31.1 million passengers in March, down 17.5% – or 6,600,845 less passengers – from the previous year. Traffic (RPK) decreased 22.9% and capacity (ASK) decreased 11.7%, bringing the load factor to 71.9%, 10.4 percentage points lower than in 2019. (see table 1). Traffic to/from Latin America & Caribbean 10.4 million passengers travelled to and from Latin America and the Caribbean in March, a decrease of 23.6% from the previous year (see table 2). Traffic (RPK) decreased 26% and capacity (ASK) declined 13.6%, bringing the load factor to 70.8%. Domestic Traffic Latin America and Caribbean airlines [...]

2020-05-18T19:51:26+03:00May 13th, 2020|Reports|