Source: Avianca $271.3 million in EBITDAR with a 24.3% margin. Strengthened balance sheet achieves $1,013.2 million in total liquidity. Strong operational performance enabled robust financial results despite seasonally challenging quarter. Avianca Group International Limited affiliated passenger airlines (“AGIL” or “the Group”) today reported second quarter 2023 results. The Company reported $271.3 million in EBITDAR, outperforming Business Plan projections by $88.7 million. Strong passenger revenue performance during the quarter resulted in a $6.5 cent passenger revenue per available seat kilometer; a 27.4% increase relative to Business Plan projections. Passenger Cost per Available Seat Kilometer excluding fuel (Pax CASK ex-fuel) was 3.9 cents during the quarter; a 14.6% decrease year on year. Avianca generated $84.8 million in cash, reaching $1,013.2 million in [...]

Source: Sun Country Airlines Revenue of $261 million, highest second quarter on record(1) GAAP diluted EPS of $0.35 and operating income of $36 million Adj. diluted EPS(2) of $0.40 and adjusted operating income(2) of $40 million, highest second quarter on record(1) Sun Country Airlines Holdings, Inc. (“Sun Country Airlines,” “Sun Country,” the “Company”) (NASDAQ: SNCY) today reported financial results for its second quarter ended June 30, 2023. “Sun Country had an historically strong second quarter, in what is typically a seasonally weaker quarter for us,” said Jude Bricker, Chief Executive Officer of Sun Country. “Total revenue was up by 19.2% versus the second quarter 2022 and we produced a GAAP operating margin of 13.6% and an adjusted operating margin(2) of [...]

Source: Lufthansa Continued strong demand for air travel and high yields Adjusted EBIT in the second quarter at a record 1.1 billion euros Highest second quarter result ever for SWISS, Austrian Airlines, Brussels Airlines, Eurowings and Lufthansa Technik Three M&A transactions make the second quarter a milestone in the transformation process to an Airline Group Net debt reduced to below pre-crisis level Lufthansa Group specifies full year outlook and expects Adjusted EBIT of at least 2.6 billion euros for 2023 Carsten Spohr, CEO Lufthansa Group, says:  "Thanks to the great efforts of our employees, we were able to avoid a situation like last summer and once again offer our customers a more stable operation. Whether on the ground, in the [...]

Source: TAP TAP Air Portugal has already flown more than one million passengers on its connections between Portugal and Brazil until July 2023 and is 30% above last year's figures on the 13 routes from Porto and Lisbon. The relaunch of the Portugal Stopover Program has played an important role as it allows stays of up to ten days in Portugal, in addition to other benefits, such as 25% discounts on a second trip to a destination in Portugal or offers with more than 115 partners. As one of the Company's priority markets, from October 29, with the start of the IATA winter season, TAP will have up to 81 weekly flights to Brazil. Currently, TAP flies to São Paulo, [...]

Source: United Airlines New kit features Asutra cleansing face towelette, lip balm and hand lotion – for business class passengers flying premium transcontinental routes between west coast hubs and the New York City area   Airline also adds tailored kits for first class passengers traveling between the continental U.S. and Hawaii by Hawaii-based Ua Body Travelers flying United Business® on the airline's premium transcontinental domestic routes will be the first to experience new amenity kits that feature exclusive products from Venus Williams-backed wellness brand Asutra. The airline also introduced new amenity kits for United First passengers traveling between the continental U.S. and Hawaii, including skincare from Hawaiian brand Ua Body, which will debut onboard later this month. United distributes transcontinental [...]

Source: Spirit Airlines The 2022 Diversity, Equity, Inclusion, & Belonging (DEI&B) Impact Report is available for download HERE Spirit Airlines published its first Diversity, Equity, Inclusion, & Belonging (DEI&B) Impact Report, highlighting the carrier’s efforts, opportunities and accomplishments of 2022. It celebrates the DEI&B initiatives that have led to six pioneering Spirit Resource Groups, and an activation plan to create pathways for purposeful change. “Our vision is to create a workplace where all Team Members are accepted, respected and empowered to make a lasting impact,” said Linde Grindle, Chief Human Resources Officer at Spirit Airlines. “From diversity in our talent acquisition and business partner selections to building resource groups that give our Spirit Family a chance to come together to [...]