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So far Kostas Iatrou has created 1317 blog entries.

IATA Welcomes G20 Push to Restart Tourism

Source: IATA The International Air Transport Association (IATA) welcomed the agreement by the G20 Tourism Ministers to support the safe restoration of mobility by following the G20 Rome Guidelines for the Future of Tourism. IATA urged G20 governments to quickly follow up their endorsement of the guidelines with actions, particularly the five-point agenda to safely restore mobility: Sharing information among industry and governments to inform policies and decisions to ensure safe mobility. Agreeing common international approaches to COVID-19 testing, vaccination, certification and information. Promoting digital traveler identity, biometrics and contactless transactions for safe and seamless travel. Providing accessible, consistent, clear and updated information to travelers to encourage and facilitate travel planning and journeys. Maintaining and improving the connectivity, safety and [...]

2021-05-06T00:05:52+03:00May 6th, 2021|News, ORGANISATIONS|

Copa Holdings Reports Financial Results for the First Quarter of 2021

Source: Copa Copa Holdings, S.A. (NYSE: CPA), today announced financial results for the first quarter of 2021 (1Q21). 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 2021 (1Q21). OPERATING AND FINANCIAL HIGHLIGHTS Copa Holdings reported a net loss of US$110.7 million for the quarter, or US$2.60 per share.  Excluding special items, the Company would have reported a net loss of US$95.1 million, or [...]

2021-05-06T00:03:13+03:00May 6th, 2021|AIRLINES, News|

Three ways Delta and its partners are taking the stress out of travel

Source: Delta Air Lines As the successful vaccination rollout continues in the U.S., consumer confidence and demand for travel is growing. Delta, alongside its global airline partners, is ready to welcome customers back to the skies. Throughout the pandemic, the airlines have been working closely together and sharing best practices on health and safety measures throughout the journey, as well as focusing on how they can create a stress-free travel experience as customers navigate new requirements needed for international travel. “We are focused on taking the stress out of travel and have been working tirelessly to ensure our customers feel safe when they travel and have all the information they need before they fly on us and our partners’ flights,” [...]

2021-05-05T19:57:19+03:00May 5th, 2021|AIRLINES, News|

Boeing Expands Capacity for 737-800BCF to Meet Strong Customer Demand

Source: Boeing As express and e-commerce markets continue to drive strong demand for production and converted freighters, Boeing [NYSE: BA] today announced a new partnership with a Costa Rica-based maintenance, repair and overhaul (MRO) provider to create additional conversion capacity for the 737-800 Boeing Converted Freighter. Boeing will open two 737-800BCF conversion lines with Cooperativa Autogestionaria de Servicios Aeroindustriales (COOPESA) in Alajuela, Costa Rica. The first of the new conversion lines is expected to open in early 2022, with the second anticipated later that year. Boeing forecasts 1,500 freighter conversions will be needed over the next 20 years to meet growing demand. Of those, 1,080 will be standard-body conversions, with nearly 30% of that demand coming from North America and [...]

2021-05-05T19:55:51+03:00May 5th, 2021|MANUFACTURERS, News|

G20 Ministers Welcome UNWTO Recommendations for Tourism’s ‘Green Transformation’

SourcE: UNWTO UNWTO has served as tourism’s global voice as the Tourism Ministers of the G20 nations met to devise a way forward for an inclusive, resilient, and sustainable recovery for the sector. Upon assuming Presidency of the G20, Italy has drawn on UNWTO datato highlight the impact the pandemic has had on tourist numbers globally and how this translates into lost jobs and revenues, as well as lost opportunities for social development. Addressing the meeting, UNWTO Secretary-General Zurab Pololikashvili, stressed the continued need for coordination at the very highest level, in order to advance “common, harmonized criteria for the easing of travel restrictions, and for increased investment in systems that support safe travel, including testing on departure and on arrival.” [...]

2021-05-04T23:09:34+03:00May 4th, 2021|News, ORGANISATIONS|

IATA: High Testing Costs Could Stall the Recovery

Source: IATA The International Air Transport Association (IATA) called on governments to ensure that high costs for COVID-19 testing don’t put travel out of reach for individuals and families. To facilitate an efficient restart of international travel, COVID-19 testing must be affordable as well as timely, widely available and effective. An IATA sampling of costs for PCR tests (the test most frequently required by governments) in 16 countries showed wide variations by markets and within markets. Findings include: Of the markets surveyed, only France complied with the World Health Organization (WHO) recommendation for the state to bear the cost of testing for travelers. Of the 15 markets where there is a cost for PCR testing to the individual The average [...]

2021-05-04T18:59:09+03:00May 4th, 2021|News, ORGANISATIONS|

Admirals Club Lounges Primed to Welcome Customers Back

Source: American Airlines As American Airlines continues welcoming customers back to the skies, the airline is reopening additional Admirals Club lounges and adding enhancements to give customers more peace of mind when traveling. Lounges reopening in May include the Phoenix Sky Harbor Airport (PHX) Admirals Club at gate B7 and the Miami International Airport (MIA) lounge at gate D15, and the Admirals Club at Hartsfield–Jackson Atlanta International Airport (ATL). The previously reopened lounges at Austin Bergstrom International Airport (AUS), Nashville International Airport (BNA), and George Bush Intercontinental Airport (IAH) will extend their operating schedule to 7 days a week. Prior to travel, visit aa.com for the latest on specific lounge reopening dates. Just in time to travel this Memorial Day [...]

2021-05-04T18:58:27+03:00May 4th, 2021|AIRLINES, News|

IATA: March Domestic Demand Sees Upsurge but International Travel Still Largely Shutdown

Source: IATA The International Air Transport Association (IATA) announced that passenger traffic fell in March 2021 compared to pre-COVID levels (March 2019) but rose compared to the immediate month prior (February 2021). Because comparisons between 2021 and 2020 monthly results are distorted by the extraordinary impact of COVID-19, unless otherwise noted all comparisons are to March 2019, which followed a normal demand pattern. Total demand for air travel in March 2021 (measured in revenue passenger kilometers or RPKs) was down 67.2% compared to March 2019. That was an improvement over the 74.9% decline recorded in February 2021 versus February 2019. The better performance was driven by gains in domestic markets, particularly China. International traffic remained largely restricted. International passenger demand [...]

2021-05-04T15:41:51+03:00May 4th, 2021|News, ORGANISATIONS|

Air Cargo Demand Reaches All Time High in March, up 4.4% Compared to Pre-COVID Levels

Source: IATA The International Air Transport Association (IATA) released March 2021 data for global air cargo markets showing that air cargo demand continued to outperform pre-COVID levels (March 2019) with demand up 4.4%. March demand reached the highest level recorded since the series began in 1990. Month-on-month demand also increased albeit at a slower pace than the previous month with volumes up 0.4% in March over February 2021 levels. Because comparisons between 2021 and 2020 monthly results are distorted by the extraordinary impact of COVID-19, unless otherwise noted all comparisons to follow are to March 2019 which followed a normal demand pattern. Global demand, measured in cargo tonne-kilometers (CTKs), was up 4.4% compared to March 2019 and 0.4% compared to [...]

2021-05-04T15:30:00+03:00May 4th, 2021|News, ORGANISATIONS|

ACI forges new partnership supporting airports’ operational safety management

Source: ACI Airports Council International (ACI) World has today signed a cooperation agreement with World Business Partner, Gallagher Aerospace to help foster enhancements in the fundamental industry priority of airport operational safety. Gallagher Aerospace is the leading insurance broker in the airline and airport sectors.   In pursuit of promoting safer airport operations as members prepare for the recovery, ACI World and Gallagher - a renowned insurance brokerage, risk management services and human capital firm - will work together to help member airports access the Airport Excellence (APEX) Programme, APEX in Safety.   ACI World’s APEX Programme has been running since 2012 and supports airports of all sizes to enhance levels of safety management through peer reviews with the aim [...]

2021-05-04T15:32:29+03:00May 4th, 2021|News, ORGANISATIONS|