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|

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|

Avianca Holdings takes important step forward in reorganization

Source: Avianca Avianca Holdings S.A. (NYSE: AVH, BVC: PFAVH) (the "Company" or "Avianca") today announced that all "first day" motions related to the Company's voluntary reorganization proceedings initiated on May 10, 2020 have been approved on an interim or final basis by the U.S. Bankruptcy Court for the Southern District of New York. Collectively, the orders granted by the Court at the hearing will help ensure that Avianca continues normal business operations throughout the reorganization process. Anko van der Werff, Chief Executive Officer of Avianca, said, "We are very pleased with the prompt approval by the Court of our "first day" motions related to employees, customers, travel agency partners and suppliers, among others. This was an important and positive step [...]

2020-05-12T22:47:56+03:00May 12th, 2020|AIRLINES, News|

American Airlines Continues its Pioneering History with Expanded Cargo Operations

Source: American Airlines American Airlines has expanded its cargo schedule in May to provide 140 weekly flights to 15 cities in Asia Pacific, Europe and the Caribbean, up from 80 flights last week. New destinations include daily flights between Dallas-Fort Worth (DFW) and Hong Kong (HKG); and weekly flights from DFW and Beijing (PEK); DFW Chicago (ORD) and Paris (CDG); ORD and London Heathrow (LHR); Philadelphia (PHL) and Rome (FCO); PHL and San Juan (SJU), and PHL and Zurich (ZRH). Airline announces 140 weekly cargo flights to 15 international cities in May FORT WORTH, Texas — American Airlines has expanded its cargo schedule in May to provide 140 weekly flights to 15 cities in Asia Pacific, Europe and the Caribbean, [...]

2020-05-12T20:34:28+03:00May 12th, 2020|AIRLINES, News|

Brett J. Hart Named President of United Airlines

United Airlines (NASDAQ: UAL) today announced that effective May 20, 2020, Brett J. Hart, Executive Vice President and Chief Administrative Officer, will be appointed President of United Airlines Holdings, Inc. – a continuation of the company's leadership succession plan announced in early December with current CEO Oscar Munoz transitioning to Executive Chair and current President Scott Kirby becoming CEO following the Annual Meeting of Shareholders on May 20, 2020. "Brett is a well-established and widely respected leader who has established a strong track record, over the last decade, helping United navigate complex challenges across all areas of our business," Munoz said. "He is recognized inside and outside of the airline industry for his leadership and has played a central role [...]

2020-05-12T09:35:57+03:00May 12th, 2020|AIRLINES, News|


Source: Caribbean Airlines On Friday 8 May, Caribbean Airlines utilized one of its Boeing 737-800 passenger aircraft for a cargo only charter service for the first time in the airline’s history. This flight was part of the airline’s recently launched charter service, and was used to move essential supplies from Guyana to Cuba. The new service was introduced to serve islands experiencing reduced cargo capacity due the closure of borders to commercial passenger flights due to COVID-19. The charter service operated under strict regulatory procedures, adhering to established best practices for aircraft cleanliness and sanitation to ensure the safety of the airline’s crew during the current pandemic. Marklan Moseley, General Manager – Cargo and New Business, Caribbean Airlines said: “These [...]

2020-05-12T09:50:38+03:00May 11th, 2020|AIRLINES, News, Uncategorized|

Azul Reports April 2020 Traffic

Source: Azul Azul S.A., “Azul”, (B3: AZUL4, NYSE: AZUL) announces today its preliminary traffic results for April 2020. Consolidated passenger traffic (RPKs) decreased 90.0% compared to April 2019 on a capacity decrease (ASKs) of 87.7%, resulting in a load factor of 69.8% in the domestic segment and 64.0% internationally. “From March 25th to April 30th we operated an essential network with 70 non-stop flights per day to 25 cities, representing an 87% domestic capacity reduction year over year. The average load factor of our domestic flights was close to 70% and the essencial network is generating cash on a variable cost basis. We believe that the lowest point in demand is behind us and we expect to gradually return our [...]

2020-05-12T09:41:30+03:00May 11th, 2020|AIRLINES, News|

Delta and LATAM sign trans-American Joint Venture Agreement

Once regulatory approvals are granted, the partnership will provide customers with a seamless travel experience and industry-leading connectivity. Delta Air Lines and LATAM Airlines Group and its affiliates have signed a trans-American Joint Venture Agreement that, once regulatory approvals where required are granted, will combine the carriers’ highly complementary route networks between North and South America, providing customers with a seamless travel experience and industry-leading connectivity. “Late last year, we set out to build the leading strategic alliance in Latin America together with LATAM, and while the industry landscape has changed, our commitment to this joint venture is as strong as ever,” said Delta CEO Ed Bastian. “Even as our carriers contend with the impact of COVID-19 on our business and [...]

2020-05-08T01:49:53+03:00May 8th, 2020|AIRLINES, News|