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So far Kostas Iatrou has created 1506 blog entries.

Air Canada Reports Second Quarter 2021 Results

Source: Air Canada Air Canada today reported financial results for the second quarter 2021. Operating revenues of $837 million, an increase of $310 million or 59 per cent from the second quarter of 2020. Negative EBITDA (1) (earnings before interest, taxes, depreciation, and amortization), excluding special items, of $656 million compared to negative EBITDA (excluding special items) of $832 million in the same quarter of 2020. Operating loss of $1.133 billion compared to an operating loss of $1.555 billion in the second quarter of 2020. Net cash burn (1) of $745 million, or about $8 million per day, on average. Unrestricted liquidity of nearly $9.8 billion at June 30, 2021. "The COVID-19 pandemic continued to weigh on Air Canada and the Canadian [...]

2021-07-24T00:11:51+03:00July 23rd, 2021|AIRLINES, News|

Emirates launches new passenger service to Miami

Source: Emirates Emirates is connecting global business and leisure travellers with it’s first-ever passenger service between Dubai and Miami. The airline celebrated the inaugural flight of its four times a week service when it touched down in Miami at 1100hrs local time yesterday. Emirates flight EK213 was welcomed by Miami International Airport with a water cannon salute, and drew in an audience of passengers, aviation fans and guests. For the first flight, the airline operated its popular Boeing 777 Gamechanger, and on the ground, showcased the interiors of the aircraft to guests, featuring its highly popular First Class private suites. With floor to ceiling sliding doors and sleek design features inspired by the Mercedes-Benz S-Class, Emirates’ First Class suites on the [...]

2021-07-23T20:56:05+03:00July 23rd, 2021|AIRLINES, News|

Passenger Airline Employment Rose 0.7% in May from April

Source: US DOT   The 24 U.S. scheduled passenger airlines employed 0.7% more full-time equivalents (FTEs) in May 2021 than in April 2021: May’s total number of FTEs (392,984) was up 1,483 from April (391,501) and down 68,613, a 14.9% drop from the onset of the pandemic in March 2020 (461,597). May 2021 was the lowest FTE total for the month of May since 2015 (395,621). The increase from April resulted primarily from Delta Air Lines increase of 2,185 FTEs. Other passenger airlines reported a combined decrease in FTEs from April to May. Regulations require U.S. airlines to report employment numbers for employees who worked or received pay for any part of the pay period(s) ending nearest the 15th day [...]

2021-07-22T20:49:41+03:00July 22nd, 2021|News, ORGANISATIONS|

IATA Warns Governments on High Cost of Testing

Source: IATA The International Air Transport Association (IATA) called on governments to take action to address the high cost of COVID-19 tests in many jurisdictions and urged flexibility in permitting the use of cost-effective antigen tests as an alternative to more expensive PCR tests. IATA also recommended governments adopt recent World Health Organization (WHO) guidance to consider exempting vaccinated travelers from testing requirements. According to IATA’s most recent traveler survey, 86% of respondents are willing to get tested. But 70% also believe that the cost of testing is a significant barrier to travel, while 78% believe governments should bear the cost of mandatory testing. “IATA supports COVID-19 testing as a pathway to reopen borders to international travel. But our support [...]

2021-07-22T20:21:07+03:00July 22nd, 2021|News, ORGANISATIONS|

FAA Launches Campaign to Encourage Air Traffic Controller Applications from Women, Minorities

Source: US FAA Ahead of an upcoming open application window to become an air traffic control specialist, the U.S. Department of Transportation's Federal Aviation Administration has launched a week-long campaign to encourage more applications from women, minorities, and individuals from underrepresented communities. The campaign will feature current air traffic controllers and FAA leaders sharing their stories in media interviews, on social media, during Instagram Live conversations, and on other platforms. The FAA will also engage with diverse organizations to get the word out and has created a digital toolkit for groups to use. “I have the greatest job in the world, and there is absolutely nothing else in the world I would rather be doing. Since I was 17, I [...]

2021-07-22T20:16:21+03:00July 22nd, 2021|Uncategorized|

Embraer Delivers 14 Commercial and 20 Executive Jets in 2Q21

Source: Embraer Embraer (NYSE: ERJ; B3: EMBR3) delivered a total of 34 jets in the second quarter of 2021, of which 14 were commercial aircraft and 20 were executive jets (12 light and eight large). As of June 30, the firm order backlog totaled USD 15.9 billion, a 12% increase compared to the backlog at the end of the first quarter, and which represented a return to pre-pandemic levels. The current backlog includes the 30 E195-E2 aircraft firm order from Canada’s Porter Airlines, which was initially reported as an “undisclosed” order on April 29. The client was revealed to the market on July 12. During 2Q21, Helvetic Airways, from Switzerland, received the first of four new E195-E2 aircraft. Helvetic ordered [...]

2021-07-21T19:43:15+03:00July 21st, 2021|MANUFACTURERS, News|

UNWTO: International Travel Largely on Hold Despite Uptick in May

Source: UNWTO The biggest crisis in the history of tourism continues into a second year. Between January and May, international tourist arrivals were 85% below 2019 levels (or a 65% drop on 2020), UNWTO data shows. Despite a small uptick in May, the emergence of COVID-19 variants and the continued imposition of restrictions are weighing on the recovery of international travel. Meanwhile, domestic tourism continues to rebound in many parts of the world. The latest UNWTO data shows that over the first five months of the year, world destinations recorded 147 million fewer international arrivals (overnight visitors) compared to the same period of 2020, or 460 million less than pre-pandemic year of 2019. However, the data does point to a [...]

2021-07-21T19:40:34+03:00July 21st, 2021|News, ORGANISATIONS|

United Releases Second-Quarter Financial Results; Expects Profitability* in the Third Quarter and Beyond

Source: United United Airlines (UAL) today announced second-quarter 2021 financial results. The company now expects positive adjusted pre-tax income¹ in the third and fourth quarters of 2021 as travel demand rebounds. The company's second quarter performance largely exceeded original expectations as international long haul and business travel accelerated even faster than anticipated, together with continued yield improvement. Looking ahead, the company expects continued gains as more businesses return by end of summer and into 2022, with a full recovery in demand anticipated by 2023. "Thanks to the professionalism and perseverance of the United employees who have worked so hard to take care of our customers through the pandemic, our airline has reached a meaningful turning point: we're expecting to be [...]

2021-07-21T02:18:28+03:00July 21st, 2021|AIRLINES, News|

IATA Welcomes Further Easing of Border Restrictions by Canadian Government

Source: IATA The International Air Transport Association (IATA) welcomes today’s decision by the government of Canada to further ease border restrictions for fully vaccinated* passengers. Eligible US citizens and permanent US residents arriving from the US will be permitted to enter Canada as of 9 August and foreign nationals arriving from all other countries will be allowed as of 7 September. Fully vaccinated Canadian citizens and residents have been able to enter Canada without the need for hotel quarantine since 5 July 2021. “Today’s decision by the government of Canada to gradually allow fully vaccinated foreigners travelers to enter the country is good news on various fronts. First and foremost, it restores the freedom of travel, which will be especially [...]

2021-07-20T20:06:48+03:00July 20th, 2021|News, ORGANISATIONS|

Chairs DeFazio, Larsen Statements from Subcommittee Hearing on Improving Diversity and Inclusion in the U.S. Aviation Workforce

Source: Chair of the House Committee on Transportation The following are opening remarks, as prepared for delivery, from Chair of the House Committee on Transportation and Infrastructure Peter DeFazio (D-OR) and Chair of the Subcommittee on Aviation Rick Larsen (D-WA) during today’s hearing titled, “Bridging the Gap: Improving Diversity and Inclusion in the U.S. Aviation Workforce.” Videos of DeFazio and Larsen’s opening statements are here and here. More information on the hearing can be found here. Chair DeFazio: Thank you, Chair Larsen, for calling today’s hearing on the need to improve the diversity of the aviation industry’s workforce. Unfortunately, we’re still a long way from attaining true equality for all in this country. And while the federal government and many [...]

2021-07-20T20:05:08+03:00July 20th, 2021|News, ORGANISATIONS|