//AIRLINES

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|

CARIBBEAN AIRLINES OPERATES HISTORIC CARGO ONLY CHARTER FLIGHT

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|

Volaris Reports April 2020 Traffic Results: Schedule Reductions to Face COVID-19

Source: Volaris Volaris* (NYSE: VLRS and BMV: VOLAR), the ultra-low-cost airline serving Mexico, the United States and Central America, reported April2020 preliminary traffic results. In April 2020, capacity measured by ASMs (Available Seat Miles) decreased by 82.4% vs the same period of last year, while demand measured by RPMs (Revenue Passenger Miles) decreased 81.8% year over year. Volaris transported a total of 307 thousand passengers during the month of April, a decrease of 83.4% year over year. Network-wide load factor for April 2020 was 87.4%. These decreases were a result of the decline in demand of air travel services related to the virus SARS-CoV-2 (COVID-19) pandemic, which affected Volaris in the month of April, as announced in the capacity guidance [...]

2020-05-12T09:46:32+03:00May 7th, 2020|AIRLINES, News|

Copa Holdings Reports Net Profit of $74.3 million and EPS of $1.75 for the First Quarter of 2020

Source: Copa Copa Holdings, S.A. (NYSE: CPA), today announced financial results for the first quarter of 2020 (1Q20). The terms "Copa Holdings" and "the Company" refer to the consolidated entity.  The following financial information, unless otherwise indicated, is presented in accordance with International Financial Reporting Standards (IFRS). See the accompanying reconciliation of non-IFRS financial information to IFRS financial information included in the financial tables section of this earnings release. Unless otherwise stated, all comparisons with prior periods refer to the first quarter of 2019 (1Q19). OPERATING AND FINANCIAL HIGHLIGHTS Due to air travel restrictions implemented in response to the Covid-19 outbreak, the Company was forced to temporarily suspend all commercial flights on March 22nd, 2020.  The Company currently expects to [...]

2020-05-12T09:45:11+03:00May 6th, 2020|AIRLINES, News|

GOL Preliminary Traffic Figures for April 2020

Source: GOL GOL Linhas Aéreas Inteligentes S.A. (NYSE: GOL and B3: GOLL4), largest domestic airline, announces today preliminary air traffic figures for the month of April 2020, compared to the same period in 2019. During the month of March, GOL adjusted its network in both domestic and international markets to account for the decrease in customer demand as Brazilians took responsible steps to socially distance. As the effects of the COVID-19 pandemic reduced demand, starting on Saturday, March 28, the network was reformulated to guarantee essential service to Brazilian capitals from the São Paulo International Airport in Guarulhos. This essential network operated throughout the month of April and resulted in a decrease of domestic flights of 93% and, with the [...]

2020-05-12T09:40:24+03:00May 6th, 2020|AIRLINES, News|

CARIBBEAN AIRLINES CARGO LAUNCHES CHARTER SERVICE

Caribbean Airlines introduces cargo charter services to support supply chains within the  Caribbean region.   The airline launched this new option to meet the growing demand for cargo uplift to a number of Caribbean islands, which are now experiencing significantly reduced cargo capacity with the closure of borders to passenger aircraft, due to the COVID-19 pandemic.   Caribbean Airlines Cargo will utilize the airline’s fleet of Boeing 737-800 and ATR-72 aircraft, offering up to 18,000 pounds for the movement of essential goods to and from destinations, including but not limited to, Antigua, Barbados, Curacao, Grenada, Guyana, Jamaica, Nassau, St. Lucia, St. Maarten, St. Vincent, Suriname and Trinidad and Tobago.   Charter flights will be subject to the regulatory approvals of [...]

2020-04-28T19:52:17+03:00April 27th, 2020|AIRLINES, News|