Source: Lufthansa The members of the Vereinigung Cockpit (VC) pilots’ union have accepted the proposal negotiated last week between Lufthansa Group and VC. The union’s members had been asked to approve a proposed new ‘VTV’ collective remuneration agreement and ‘MTV’ collective terms-of-employment agreement for the pilots of Lufthansa Airline and Lufthansa Cargo, who number some 5,200 personnel. The new VTV will remain in effect until at least December 31, 2026, and the new MTV until at least December 31, 2027. Both agreements include a corresponding duty to maintain industrial peace throughout their validity. The key elements in the new agreements now approved by VC members are: Salary table increases (interest effects included) of more than 18 percent: 7 percent on [...]

Source: Virgin Galactic Virgin Galactic Holdings, Inc. today announced the completion of its first private astronaut flight, ‘Galactic 02.’ The mission achieved multiple historic milestones, showcasing how Virgin Galactic spaceflights are broadening access to space for a diverse, global community of astronauts. Flying private astronauts Jon Goodwin from the United Kingdom, and Keisha Schahaff and Anastatia Mayers from Antigua and Barbuda, ‘Galactic 02’ achieved the following: First female astronauts from the Caribbean First mother-daughter duo to go to space Most women flown in a single space mission Youngest person to go to space First Olympian to go to space First majority female spaceflight The sixth and seventh Black women to go to space Second person with Parkinson’s to go to space [...]

Source: Copa Holdings Copa Holdings, S.A., announced financial results for the second quarter of 2023 (2Q23). The terms "Copa Holdings" and the "Company" refer to the consolidated entity. The following financial information, unless otherwise indicated, is presented in accordance with International Financial Reporting Standards (IFRS). See the accompanying reconciliation of non-IFRS financial information to IFRS financial information included in the financial tables section of this earnings release. Unless otherwise stated, all comparisons with prior periods refer to the second quarter of 2022 (2Q22). Operating and Financial Highlights Copa Holdings reported a net profit of US$17.5 million for 2Q23 or US$0.44 per share. Excluding special items comprised of the unrealized mark-to-market net loss of US$137.0 million related to the Company's convertible notes, as well as changes in the [...]

Source: Turkish Airlines Turkish Airlines announced passenger and cargo traffic results for July with an increase in passenger capacity by 6.7% compared to that of 2022, and total load factor of 85.8% while carrying 8.6 million passengers. According to July 2023 Traffic Results; The number of carried passengers increased by 9% compared to the same period of 2022 and reached 8.6 million. International load factor was 84.8% while domestic load factor was 94.2%. Number of international to international passengers carried increased by 11.6% from 2.4 million in 2022 to 2.7 million in this period. Available seat kilometers (ASK), increased by 6.7% to 21.9 billion during the period of July 2023 from 20.5 billion for the same period of 2022. Cargo/Mail [...]

Source: WestJet Airline flew more than a quarter of a million guests across network from August 4 – 7, 2023 Canada's 2023 summer travel season continues to see demand in excess of pre-pandemic levels and the August Long Weekend was no exception. Flying more than a quarter of a million guests, WestJet reported a strong operational performance throughout one of Canada's busiest travel weekends. Reporting a completion factor of 98.3 per cent and an on-time performance of 66.2 per cent of all flights throughout the August long weekend, the airline continues to demonstrate continued operational improvements to support the travel plans of its guests. "As we pass the halfway mark of summer, we are seeing our commitment to operational excellence [...]

Source: Viva Aerobus Viva Aerobus announced its July 2023 preliminary traffic results. Viva Aerobus’ passenger traffic increased 22.6% compared to July 2022, reaching 2.4 million passengers, driven by an increase of 23.1% and 18.7% in domestic and international traffic, respectively. Load factors reached 90.5% compared to 89.5% in 2022, with a load factor mix of 91.4% and 86.1% in domestic and international, respectively. Viva Aerobus grew its total capacity in available seat miles (ASMs) by 17.5% compared to July 2022, reflecting an increase of 18.1% and 14.8% in domestic and international, respectively. “July traffic reflects the strength of the summer season in our markets, in line with the solid demand we have seen throughout 2023. We delivered our highest monthly [...]