Source: Volaris Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE: VLRS and BMV: VOLAR) (“Volaris” or “the Company”), the ultra-low-cost carrier (ULCC) serving Mexico, the United States, Central, and South America, reports its July 2023 preliminary traffic results. In July 2023, Volaris’ capacity (measured in ASMs) increased by 5.9% year-over-year, while demand (measured in RPMs) increased by 9.8%; the result was a load factor increase of 3.1 pp YoY to 87.8%. Volaris transported 3.1 million passengers during the month, an 8.1% increase compared to July 2022. Demand in the Mexican domestic and international markets increased by 3.8% and 24.2%, respectively. Enrique Beltranena, Volaris’ President and CEO remarked: “July has proven to be a robust month for Volaris. The thoughtful adjustments made to [...]

Source: Southwest Airlines Southwest Airlines Co. is encouraging Customers to book spring break vacations beginning today with the extension of its flight schedule through April 8, 2024. To address seasonal travel patterns and demand, the airline brings more nonstop options for Southwest® Customers, including those traveling on peak days when new time-saving nonstop service complements a schedule of daily connecting or same-plane service. Spring to the Beach with New Flights  Southwest Airlines® continues responding to Customer demand by adding more international service and returning key seasonal routes. Baltimore to Beaches Beginning March 9, 2024, Baltimore’s largest airline offers new nonstop service on Saturdays between Baltimore/Washington and Belize*. The same day, Southwest resumes seasonal international service on Saturdays nonstop between: Baltimore and Grand Cayman Baltimore and Turks and [...]

Source: Avianca $271.3 million in EBITDAR with a 24.3% margin. Strengthened balance sheet achieves $1,013.2 million in total liquidity. Strong operational performance enabled robust financial results despite seasonally challenging quarter. Avianca Group International Limited affiliated passenger airlines (“AGIL” or “the Group”) today reported second quarter 2023 results. The Company reported $271.3 million in EBITDAR, outperforming Business Plan projections by $88.7 million. Strong passenger revenue performance during the quarter resulted in a $6.5 cent passenger revenue per available seat kilometer; a 27.4% increase relative to Business Plan projections. Passenger Cost per Available Seat Kilometer excluding fuel (Pax CASK ex-fuel) was 3.9 cents during the quarter; a 14.6% decrease year on year. Avianca generated $84.8 million in cash, reaching $1,013.2 million in [...]

Source: Sun Country Airlines Revenue of $261 million, highest second quarter on record(1) GAAP diluted EPS of $0.35 and operating income of $36 million Adj. diluted EPS(2) of $0.40 and adjusted operating income(2) of $40 million, highest second quarter on record(1) Sun Country Airlines Holdings, Inc. (“Sun Country Airlines,” “Sun Country,” the “Company”) (NASDAQ: SNCY) today reported financial results for its second quarter ended June 30, 2023. “Sun Country had an historically strong second quarter, in what is typically a seasonally weaker quarter for us,” said Jude Bricker, Chief Executive Officer of Sun Country. “Total revenue was up by 19.2% versus the second quarter 2022 and we produced a GAAP operating margin of 13.6% and an adjusted operating margin(2) of [...]

Source: Lufthansa Continued strong demand for air travel and high yields Adjusted EBIT in the second quarter at a record 1.1 billion euros Highest second quarter result ever for SWISS, Austrian Airlines, Brussels Airlines, Eurowings and Lufthansa Technik Three M&A transactions make the second quarter a milestone in the transformation process to an Airline Group Net debt reduced to below pre-crisis level Lufthansa Group specifies full year outlook and expects Adjusted EBIT of at least 2.6 billion euros for 2023 Carsten Spohr, CEO Lufthansa Group, says:  "Thanks to the great efforts of our employees, we were able to avoid a situation like last summer and once again offer our customers a more stable operation. Whether on the ground, in the [...]