Source: LATAM LATAM Airlines Group announced its financial results for the third quarter of 2023, building upon the already positive results it has shown during this year. At the end of the period, the group achieved an adjusted operating margin of 13.4% and a net profit of US$232 million, accumulating US$499 million in the first nine months of 2023. Furthermore, LATAM group noted operating revenues of US$3,056 million, 18.1% more than in the same quarter of 2022, primarily explained by the 25.6% increase in passenger revenues. Adjusted EBITDAR was US$726 million, reaching US$1,858 million between January and September 2023. Regarding its cash position, LATAM group generated US$104 million in cash during the quarter, increasing its liquidity to US$2,729 million. “We [...]

Source: Cape Air Cape Air continues its support to the Caribbean region by reinstating non-stop service between San Juan and St. Croix. Beginning on December 15, 2023, two daily flights will operate and passengers can book their reservations now at capeair.com or by calling 800-CAPE-AIR. “Cape Air has listened and responded to the demands and needs of these two communities,” said Linda Markham, President & CEO of Cape Air. “We are committed to the regions we serve and are delighted to resume non-stop flights between San Juan and St. Croix,” she added. Lisa Hamilton, President USVI Hotel & Tourism Association stated “We are thrilled Cape Air will be resuming their SJU-STX service in mid-December. Increased connectivity to our neighboring islands [...]

Source: JetBlue JetBlue Airways Corporation has reported its results for the third quarter of 2023: “While we faced challenges in the quarter, including significant weather-related impacts and rising fuel prices, our Crewmembers rose to the occasion, focusing on what we can control to mitigate these headwinds and provide our customers with great service.” said Robin Hayes, JetBlue’s Chief Executive Officer. “As we look ahead, we are making improvements to drive profitable growth and ensure JetBlue is positioned for success in 2024 and beyond.” Third Quarter 2023 Financial Results Net loss for the third quarter of 2023 under Generally Accepted Accounting Principles (“GAAP”) of $153 million or $(0.46) per share. Excluding special items, adjusted net loss for the third quarter of [...]

Source: WestJet Over the weekend, the WestJet Group completed the integration of its ultra-low-cost carrier (ULCC), Swoop, into WestJet's existing 737 operations. With the integration now complete, WestJet will leverage the successes and learnings from five years of operating Canada's first ULCC across its growing airline to enhance its ability to serve a broader spectrum of guests. Instead of serving the ultra-low-cost market on only 16 aircraft, the airline's 180 strong fleet will transition to offer ultra-affordable travel options through to a premium inflight experience on each of its aircraft. "As the first ULCC to enter the Canadian market, in 2018 Swoop pioneered the no-frills product in Canada and was best-in-class in generating ancillary revenues," said Alexis von Hoensbroech, WestJet [...]

Source: Spirit Airlines Nonstop flights from Fort Lauderdale and Orlando begin March 2024  with introductory fares starting at $ 149 one-way* Mexico's east coast jewel will soon be only one nonstop flight away for U.S. travelers. Spirit Airlines announced new, nonstop service to Felipe Carrillo Puerto International Airport (TQO) in Tulum, Mexico, making it the first U.S.-based ULCC to announce service at the brand-new airport. Daily flights from Fort Lauderdale (FLL) and Orlando (MCO) will launch on March 28, 2024, in conjunction with the start of TQO's international service. "Tulum is an increasingly popular choice for leisure travelers, and our direct flights from Florida will make a getaway to Mexico's enchanting coastline more accessible than ever, just in time for spring break," said [...]