Source: Iberia Spain’s Canary and Balearic Islands and its North African destination Melilla, along with the Latin American nations of El Salvador, Mexico, Chile, the Dominican Republic, Ecuador, Uruguay, and Peru, have all received vaccine shipped byIberia Group airlines in Madrid. The IAG Cargo “Constant Climate” facilities were used to conserve the vaccine material. The Madrid airport’s Cargo Terminal is certified for its Good Distribution Practices. In July, UNICEF Spain, IAG Cargo, and Iberia announced their alliance to support the COVAX initiative, aimed at achieving equitable access to the vaccine around the world, with humanitarian shipments of vaccines.   Iberia and IAG Cargo, the company handling air freight for all IAG airlines, continue to focus their efforts in the struggle [...]

Source: Spirit Airlines On Thursday, Aug. 5, 2021, Spirit Airlines President and CEO Ted Christie confirmed that the airline’s plan to recover from its current operational disruption is working. Spirit’s cancellation rate improved Thursday and it remained on track to improve further. While Spirit never wants to cancel flights and inconvenience its Guests, Christie called the improvement a step in the right direction. Christie said he expects Spirit’s cancellation rate to continue to improve over the weekend, resuming normal operations by the middle of next week. Christie went on to explain that recent cancellations stem from a month’s worth of tough operating conditions in July. What started with weather and its associated delays led to more and more crew members [...]

Source: LATAM The acquisition of 28 aircrafts, in addition to the 42 previously agreed upon with Airbus, reaffirms the LATAM Airlines Group's fleet as the largest in Latin America. Similarly, the group consolidates the longest range of destinations in and from Latin America and the Caribbean, hand in hand with the connectivity agreements with Delta, currently under review by the regulatory authorities. This acquisition reinforces the sustainable growth plan, with a modern fleet leading the charge to care for the environment. LATAM Airlines Group presented for approval before the Court in the United States an agreement with Airbus for the purchase of 28 new aircrafts, in addition to the 42 narrow body aircrafts already agreed upon, as part of the [...]

Source: Copa Holdings Copa Holdings, S.A. (NYSE: CPA), today announced financial results for the second quarter of 2021 (2Q21). 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 second quarter of 2019 (2Q19) (which the Company believes are more relevant than year-over-year comparisons due to the significant impacts in 2020 of the COVID-19 pandemic). OPERATING AND FINANCIAL HIGHLIGHTS Copa Holdings reported a net profit of US$28.1 million [...]