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So far Kostas Iatrou has created 1973 blog entries.

Copa Holdings Announces Monthly Traffic Statistics for February 2021

Source: Copa Copa Holdings, S.A. (NYSE: CPA), today released preliminary passenger traffic statistics for February 2021: Operating Data February February % Change 2021 2020 Copa Holdings  (Consolidated)   ASM (mm) (1) 728.1 1,955.5 -62.8%   RPM (mm) (2) 506.8 1,642.7 -69.1%   Load Factor (3) 69.6% 84.0% -14.4p.p. 1.  Available seat miles - represents the aircraft seating capacity multiplied by the number of miles the seats are flown. 2.  Revenue passenger miles - represents the numbers of miles flown by revenue passengers 3.  Load factor - represents the percentage of aircraft seating capacity that is actually utilized Consolidated capacity (ASMs) came in 62.8% lower than February 2020, while passenger traffic (RPMs) decreased 69.1%, which resulted in a 69.6% load factor, [...]

2021-03-12T01:09:01+02:00March 11th, 2021|AIRLINES, News|

COVID-19 crisis impacts 2020 LATAM Airlines results

Source: LATAM LATAM Airlines Group closed the 2020 fiscal year with $3 billion of available liquidity ($1.7 billion in available cash added to $1.3 billion in a committed DIP financing line), in a year marked by travel restrictions and a sharp contraction in passenger demand due to COVID-19. To face the pandemic, the group implemented an important cost reduction policy, reducing costs by 38.1% during the year compared to 2019. During the last quarter of the year, total revenue was $897.5 million, representing a reduction of 68.7% compared to the same period of the previous year. This decline was partially offset by a 26.7% increase in cargo revenue, in response to the strong demand for these services during the pandemic. [...]

2021-03-11T19:56:33+02:00March 11th, 2021|AIRLINES, News|

Azul Reports February 2021 Traffic

Source: Azul Azul S.A., “Azul”, (B3: AZUL4, NYSE: AZUL), the largest airline in Brazil by number of cities served and flight departures, announces today its preliminary traffic results for February 2021. Domestic passenger traffic (RPKs) increased 4.6% compared to February 2019 on a domestic capacity increase (ASKs) of 9.3%, resulting in a load factor of 78.6%. “We began 2021 in a strong position, confirmed by our February traffic results. The next couple of months will be challenging, with weak seasonality and the second wave of the pandemic. Therefore, we are adjusting our service offering accordingly and will continue to monitor the situation. Still, Brazil is moving forward with its vaccination efforts, and we are confident we will gradually see improved [...]

2021-03-09T20:36:40+02:00March 9th, 2021|Uncategorized|

Travelers Gaining Confidence – Time to Plan for Restart

Source: IATA The International Air Transport Association (IATA) announced results from its latest poll of recent travelers, revealing growing confidence in a return to air travel, frustration with current travel restrictions, and acceptance of a travel app to manage health credentials for travel. Travel Restrictions 88% believe that when opening borders, the right balance must be struck between managing COVID-19 risks and getting the economy going again 85% believe that governments should set COVID-19 targets (such as testing capacity or vaccine distribution) to re-open borders 84% believe that COVID-19 will not disappear, and we need to manage its risks while living and traveling normally 68% agreed that their quality of life has suffered with travel restrictions 49% believe that air [...]

2021-03-09T20:05:11+02:00March 9th, 2021|News, ORGANISATIONS|

ICAO Council marks #IWD 2021 with concrete commitments on gender equality

Source: ICAO On the occasion of International Women’s Day (IWD2021), the 36 State ICAO governing Council has adopted concrete commitments in a new Declaration on Improving Gender Representation in ICAO’s Governing and Technical Bodies.   The new commitments include that all future ICAO Council committees, working groups, panels, and other governance or technical bodies, as well as their Chair Groups where applicable and the Council’s own Vice-President cohort, must be comprised of both men and women.   Other commitments included protecting ICAO policies and standards from gender discriminatory language, promoting gender neutral language for its own communications, and working to increase the number of women having access to Council level responsibilities.   The new Declaration also noted that #IWD2021 would [...]

2021-03-09T02:08:19+02:00March 9th, 2021|News, ORGANISATIONS|

ICAO to partner with IATA and CANSO on new runway safety training initiative

Source: ICAO With the coming into effect this November of its new Global Reporting Format for Runway Surface Conditions (GRF), ICAO has agreed to partner with the International Air Transport Association (IATA) and the Civil Air Navigation Services Organisation (CANSO) on a new joint GRF training programme.   The new online course has been specifically designed for air traffic controllers and aeronautical information service staff, and will be available for enrolment in April of this year on the ICAO Global Aviation Training website. It complements existing courses developed in cooperation with Airports Council International (ACI) for airport operations staff, and with IATA for flight crews.   “Runway safety continues to remain aviation’s biggest safety challenge, representing more than half of [...]

2021-03-06T00:29:03+02:00March 6th, 2021|News, ORGANISATIONS|

From Bad to Worse: January Passenger Demand Falls Further

Source: IATA The International Air Transport Association (IATA) announced that passenger traffic fell in January 2021, both compared to pre-COVID levels (January 2019) and compared to the immediate month prior (December 2020). Because comparisons between 2021 and 2020 monthly results are distorted by the extraordinary impact of COVID-19, unless otherwise noted all comparisons are to January 2019 which followed a normal demand pattern. Total demand in January 2021 (measured in revenue passenger kilometers or RPKs) was down 72.0% compared to January 2019. That was worse than the 69.7% year-over-year decline recorded in December 2020. Total domestic demand was down 47.4% versus pre-crisis (January 2019) levels. In December it was down 42.9% on the previous year. This weakening is largely driven [...]

2021-03-03T01:29:07+02:00March 3rd, 2021|News, ORGANISATIONS|

January Air Cargo Demand Recovers to pre-COVID Levels

Source: IATA The International Air Transport Association (IATA) released January 2021 data for global air cargo markets showing that air cargo demand returned to pre-COVID levels (January 2019) for the first time since the onset of the crisis. January demand also showed strong month-to-month growth over December 2020 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 January 2019 which followed a normal demand pattern. Global demand, measured in cargo tonne-kilometers (CTKs*), was up 1.1.% compared to January 2019 and +3% compared to December 2020. All regions saw month-on-month improvement in air cargo demand, and North America and Africa were the strongest performers. [...]

2021-03-03T01:28:22+02:00March 3rd, 2021|News, ORGANISATIONS|

ICAO Council makes progress on new remotely piloted aircraft system (RPAS) standards

Source: ICAO During its ongoing 222nd Session, the ICAO Council today adopted new and amended Standards and Recommended Practices (SARPs) driving important progress on the international safety and interoperability of remotely piloted aircraft systems (RPAS). The new provisions will become effective on 12 July 2021, and applicable as of 26 November 2026. The most important pertain to Annex 8 — Airworthiness of Aircraft to the Chicago Convention, and cover certification requirements for remotely piloted aeroplanes and helicopters, in addition to the remote pilot stations (RPS) they are operated from. “These Annex 8 provisions will now importantly serve as the foundational international SARPs for issuing Type Certificates and Certificates of Airworthiness for remotely piloted aircraft and all of their required components,” [...]

2021-03-02T01:29:50+02:00March 2nd, 2021|Uncategorized|

Closer regional, international coordination needed for safety, security, efficiency of vaccine distribution globally

Source: ICAO Speaking to European and North Atlantic Directors General of Civil Aviation (DGCAs) very recently, ICAO Secretary General Dr. Fang Liu emphasized that while COVID-19 vaccines are now offering hope of a more imminent pandemic recovery globally, closer collaboration and procedural alignment among air transport stakeholders will be needed to get the billions of doses to their destinations safely, securely and rapidly.   “We must continue to reinforce to decision makers that air cargo supply chains are critical to these efforts,” Dr. Liu remarked. “ICAO has published safety and security guidelines for the distribution of COVID-19 vaccines, and we’ve also enacted our Vaccine Action Plan to more efficiently align vaccine efforts with applicable CART guidance and other ICAO provisions [...]

2021-03-02T01:25:35+02:00March 2nd, 2021|News, ORGANISATIONS|