Source: TAP This new destination is one way TAP wants to boost the competitiveness of its hub in Lisbon, starting next winter. Tickets are now available for sale on the Company's website. TAP is taking advantage of market opportunities to plan and optimise its network of destinations, taking into account its strategy for connecting Europe and the Americas. Starting next winter, TAP will have two direct flights a week to Punta Cana in the Dominican Republic. The flights leave Lisbon on Wednesdays and Saturdays at 5:00 pm, arriving on the island at 9:20 pm, and then depart from Punta Cana at 10:50 pm, arriving in Lisbon at 10:20 am (local time). Tickets are on sale now. Tickets start at €399 [...]

Source: Air Canada Air Canada unveiled its comprehensive program in support of Team Canada's journey to the Tokyo 2020 Olympic and Paralympic Games, which includes the launch of "Rise Higher", a new brand spot. The airline began flying Team Canada athletes, coaches and support staff from Toronto and Vancouver to Japan on July 1 onboard a 787 Dreamliner in a special livery. Air Canada is further celebrating the country's athletes through innovative activations, exclusive access and engagement opportunities for fans. "As a proud supporter of Team Canada going to the Tokyo 2020 Olympic and Paralympic Games, we are transporting more than 740 Olympians and Paralympians, coaches and support staff. The Canadian Olympic and Paralympic teams represent the very best of Canada when they fly our country's flag at the world's foremost sports competition, [...]

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 [...]

Source: Virgin Atlantic Data from the largest ever survey of LGBT+ issues in the Caribbean is released in new report New research shows LGBT+ discrimination costs up to $4.2 Billion a year in 12 Caribbean Countries – as much as 5.7% of annual GDP. Tourism in the Caribbean is hit by LGBT+ discrimination – an annual loss of 0.93% of its regional GDP, or up to $689 million. Brain drain: LGBT+ skilled workers migrate to more open societies, and stay there – leading to lost human capital, productivity and competitiveness. Virgin Atlantic has partnered with Open for Business on new research to show the economic cost of LGBT+ discrimination in 12 Caribbean countries. The Economic Case for LGBT+ Inclusion in [...]

Source: Spirit Airlines Spirit Airlines to launch first international flight from ACY to Cancun along with new routes to San Juan and Miami Escaping to Mexico, Florida and the Caribbean will be easier than ever this fall with Spirit Airlines’ (NYSE: SAVE) new nonstop options from the Atlantic City International Airport (ACY). Today Spirit announced its first international service from ACY to Cancun, Mexico (CUN) along with flights to San Juan, Puerto Rico (SJU) and Miami (MIA) – all in time for winter! Atlantic City’s expansion to 10 destinations is the latest example of growth across Spirit’s network as demand for air travel increases. This summer, Spirit’s operation at ACY became 35% larger than it was in 2019. “We couldn’t be [...]

Source: Southwest Airlines Southwest Airlines today reported its second quarter 2021 financial results: Second quarter net income of $348 million, or $.57 per diluted share, driven by a $724 million offset of salaries, wages, and benefits expenses related to the receipt of Payroll Support Program (PSP) proceeds under the Consolidated Appropriations Act, 2021 and American Rescue Plan Act of 2021 Excluding special items1, second quarter net loss of $206 million, or $.35 loss per diluted share Second quarter operating revenues of $4.0 billion, down 32.2 percent compared with second quarter 2019 Generated second quarter operating cash flow of $2.0 billion and free cash flow1 of $1.9 billion; achieved positive average daily core cash flow2 in June Ended second quarter with liquidity3 of $17.9 [...]