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. [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

Source: Lufthansa − Rating organization confirms commitment to climate protection − Top marks for governance and disclosure of CO2 emission data Once again, the Lufthansa Group has received a positive score on climate protec- tion from the rating organization CDP. For the third time in a row, the aviation group was rated "B" in the world's largest climate ranking, maintaining its top posi- tion among the airlines in Europe. In particular, the ranking confirms the Lufthansa Group's high level of transparency in the disclosure of CO2 emissions data: Here and in the area of governance, the CDP even awarded the company the top grade "A". "We are delighted once again about the positive rating in the global CDP ranking. Even [...]

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 [...]

Source: Azul Azul S.A., “Azul”, (B3: AZUL4, NYSE: AZUL) announces today that its logistics business unit Azul Cargo Express increased revenues in the fourth quarter of 2020 by 64% year over year. The business set new revenue records in each of the months during the quarter. This growth was driven by broad expansion in all segments of the cargo market, especially e-commerce. “When Azul was launched 12 years ago, our mission was to increase the size of the passenger market. In logistics our philosophy is the same – our exclusive network and fleet allow us to offer short delivery times at competitive prices, with the potential to transform logistics in Brazil”, said John Rodgerson, Azul’s CEO. Azul Cargo Express provides [...]

Source: Air Canada Air Canada today said that, beginning January 31, it is temporarily suspending flights to Mexican and Caribbean destinations for 90 days in response to ongoing COVID-19 concerns, particularly during the Spring Break period. The decision, designed to achieve an orderly reduction in service and minimize customer impact, was taken in collaboration with the Government of Canada following consultations. "Air Canada believes a collaborative approach with the Government of Canada involving all air carriers is the best means to respond to the COVID-19 pandemic, especially given concerns around the variants of COVID- 19 and travel during the Spring Break period. Through consultation we have established an approach that will allow us to achieve an orderly reduction in service [...]