//AIRLINES

AAdvantage Celebrates 40 Years of Loyalty Innovation

Source: American Airlines When American Airlines launched the AAdvantage® loyalty program in 1981, it was one of the airline industry’s first frequent flyer programs to reward members for their travel. Forty years later, AAdvantage continues to lead the way with innovative new partnerships, providing members with more personalized choices in a program that’s never been easier for members to use. “AAdvantage continues to be the easiest airline loyalty program for customers to engage with,” said Rick Elieson, President of the AAdvantage program. “Throughout our first 40 years, it’s been our privilege rewarding members for their continued loyalty to American with innovative benefits, unique partnerships and an evolving program that’s built for every customer.” The program provided members additional flexibility last [...]

2021-04-06T08:13:48+03:00April 6th, 2021|AIRLINES, News|

Aerolíneas Argentinas Adds its Tenth Flight to Moscow to Bring More Vaccines

Source: Aerolíneas Argentinas Following the arrival of the last flight on Friday, the company has confirmed that a new flight will be departing on Monday late at night in search of more Sputnik V vaccine doses. March 28, 2021 - Aerolíneas Argentinas has confirmed the departure of a new flight in search of vaccines. This is the tenth flight to the capital city of the Russian Federation operated by the company. With flight number AR1066, it will depart at 2:00 a.m. from the Ezeiza International Airport, and it is expected to arrive at the Sheremetyevo International Airport on March 30 at 12:30 a.m. (local time in Russia). The aircraft will remain there until 4:30 a.m. for the loading of the [...]

2021-03-30T00:27:52+03:00March 30th, 2021|AIRLINES, News|

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|

IAG: Full year results announcement

Source: IAG International Consolidated Airlines Group (IAG) today (February 26, 2021) presented Group consolidated results for the year to December 31, 2020. COVID-19 situation and management actions: Passengercapacityinquarter4was26.6percentof2019andforthefullyearwas33.5percentof2019andcontinuestobeadversely affected by the COVID-19 pandemic, together with government restrictions and quarantine requirements Currentpassengercapacityplansforquarter1,2021areforaround20percentof2019capacity,butremainuncertainandsubjectto review 969cargo-onlyflightsoperatedinquarter4 Additionalfundingof€3.4billionsecuredinquarter4,including£2.0billioncommitmentfromUKExportFinancefinalisedinFebruary 2021 and $1.0 billion EETC for British Airways, $0.2 billion sales and leaseback transactions for Iberia and €150 million for Aer Lingus backed by the Ireland Strategic Investment Fund (ISIF), with €0.8 billion bridge financing facilities repaid 2020capexreducedby€2.3billion,fromplansatthestartoftheyear,to€1.9billion,with€0.5billionduetosevenaircraftdeliveries delayed from Q4-20 into 2021; 2021 capex expected to be lower than 2020 BritishAirwaysreachedagreementtodefer€495millionofpensioncontributionsduebetweenSeptember2020andOctober2021 BritishAirwaysreachedagreementinprincipleoverrestructuringplansforcargoemployees,followingagreementwiththeothermain British Airways employee groups earlier in 2020 Groupcontinuestofocusoncostreduction,increasingthevariabilityofitscost-baseandliquidityinitiatives IAG period highlights on results: Fourthquarteroperatingloss€1,471million(2019:operatingprofit€93million),andoperatinglossbeforeexceptionalitems€1,165million (2019: operating profit before exceptional items €765 million) OperatinglossfortheyeartoDecember31,2020€7,426million(2019:operatingprofit€2,613million),andoperatinglossbefore [...]

2021-02-26T18:42:59+02:00February 26th, 2021|AIRLINES, News|

Delta and LATAM receive final approval in Brazil for Joint Venture agreement

Source: Delta Air Lines Delta Air Lines and LATAM have received final approval, without conditions, of their commercial agreement (“trans-American Joint Venture agreement” or “JVA”) by the Brazilian competition authority - the Administrative Council for Economic Defense - after initial approval was granted in September 2020. The JVA seeks to enhance the route networks served by both airlines, delivering a seamless travel experience between North and South America. The Delta-LATAM agreement has also been approved in Uruguay while the application process continues in other countries, including Chile. “This final approval in Brazil furthers our mission to provide customers in this important market with the world-class travel experience and options they deserve,” said Delta CEO Ed Bastian. “Moving forward, we will continue working [...]

2021-02-25T20:30:36+02:00February 25th, 2021|AIRLINES, News|

Spirit Airlines Reports Fourth Quarter and Full Year 2020 Results

Source: Spirit Airlines Spirit Airlines, Inc. (NYSE: SAVE) today reported fourth quarter and full year 2020 financial results. Ended the year 2020 with $1.9 billion of unrestricted cash, cash equivalents and short-term investment securities Fourth Quarter 2020 Fourth Quarter 2019 As Reported Adjusted As Reported Adjusted (GAAP) (non-GAAP) 1 (GAAP) (non-GAAP) 1 Total Operating Revenues $498.5 million $498.5 million $969.8 million $969.8 million EBITDA $(87.8) million $(88.8) million $186.5 million $191.5 million EBITDA Margin  (17.6)%  (17.8)%  19.2%  19.7% Pre-tax Income (Loss) $(204.5) million $(205.5) million $106.8 million $111.7 million Net Income (Loss) $(157.3) million $(157.7) million $81.2 million $85.0 million Diluted Earnings (Loss) Per Share $(1.61) $(1.61) $1.18 $1.24 “Soft demand driven by pandemic-related concerns continues to have a significant [...]

2021-02-11T19:03:12+02:00February 11th, 2021|AIRLINES, News|

Copa Holdings Announces Monthly Traffic Statistics for January 2021

Source: Copa Holdings Copa Holdings, S.A. (NYSE: CPA), today released preliminary passenger traffic statistics for January 2021: Operating Data January January % Change 2021 2020 Copa Holdings  (Consolidated)   ASM (mm) (1) 979.5 2,168.6 -54.8%   RPM (mm) (2) 621.4 1,826.8 -66.0%   Load Factor (3) 63.4% 84.2% -20.8p.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 54.8% lower than January 2020, while passenger traffic (RPMs) decreased 66.0%, which resulted in a 63.4% load [...]

2021-02-11T18:47:15+02:00February 11th, 2021|AIRLINES, News|

LATAM projects a reduced operation in February compared to previous month

Source: LATAM LATAM Airlines Group reports its operational estimate for February, which could reach 35% (measured in available seat kilometers - ASK) compared to the same period of the previous year. The figure is lower than that announced for January, in which the operation reached 39.8% of previous year’s capacity, in a scenario dominated by increased government restrictions on air transport worldwide. For this month, there are 680 daily domestic and international flights estimated, connecting 115 destinations in 16 countries. In turn, the use of the cargo fleet is expected to increase by 20% and considers more than 1,100 monthly flights. All projections are subject to the evolution of the pandemic, as well as to travel restrictions in the countries [...]

2021-02-11T18:45:31+02:00February 11th, 2021|AIRLINES, News|

Facial Recognition Pilot Project at Madrid Airport to be Extended for Contactless Passenger Experience

Source: Iberia The AENA airports authority plus Iberia, Inetum and Thales are partnering in this ambitious project, supported by Spain’s Industrial Technology Development Centre (CDTI). It allows the biometric detection of passengers using tablet-type mobile equipment. The aim is to increase security and speed procedures in an airport with numerous flights to many different destinations. It implies seeking innovative ways of operating in the air travel industry to comply with the new health safety measures implemented following the Covid-19 outbreak.   The national airports authority AENA is part of the consortium which includes Iberia, Inetum, and Thales, which is to carry out an R+D project with the aim of seeking new ways to operate in the air travel industry with [...]

2021-02-11T18:24:34+02:00February 11th, 2021|AIRLINES, News|