/News

Copa Holdings Reports Financial Results for the Second Quarter of 2024

Source: Copa Holdings Copa Holdings, S.A. announced financial results for the second quarter of 2024 (2Q24). 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 2023 (2Q23). Operating and Financial Highlights Copa Holdings reported a net profit of US$120.3 million for 2Q24 or US$2.88 per share. The Company reported an operating profit of US$159.5 millionand an operating margin of 19.5%. Passenger traffic for 2Q24, measured in terms of revenue passenger [...]

2024-08-09T20:32:49+03:00August 9th, 2024|AIRLINES, News|
Read More

A Message from Boeing CEO to All Employees: Our Work Together Begins

Source: Boeing Boeing President and CEO Kelly Ortberg shared the following message with all employees: Team, I can’t tell you how proud and excited I am to be a member of the Boeing team. While we clearly have a lot of work to do in restoring trust, I’m confident that working together, we will return the company to be the industry leader we all expect. Restoring trust starts with meeting our commitments -- whether that’s building high quality, safe commercial aircraft, delivering on defense and space products that allow our customers to meet their mission, or servicing our products to keep our customers running 24/7. It also means meeting our commitments to each other and working collaboratively across Boeing to [...]

2024-08-09T20:58:45+03:00August 9th, 2024|MANUFACTURERS, News|
Read More

Delta extends Corporate Priority benefits to LATAM Airlines

Source: Delta Air Lines The new benefits will be available on LATAM flights beginning this month, offering corporate travelers even more reasons to choose Delta and its partners for their travel needs.  Delta Air Lines is expanding its Global Corporate Priority benefits program to include LATAM Airlines, further enhancing the travel experience for business customers. This initiative marks another milestone in Delta's commitment to offering unparalleled service and benefits to corporate travelers worldwide. Since becoming the first U.S. global airline to align benefits globally for its corporate customers with Air France and KLM in 2018, and subsequently with Aeromexico and Virgin Atlantic in 2019, Delta continues to lead the way in providing seamless and enhanced travel experiences for business travelers. [...]

2024-08-09T20:35:56+03:00August 9th, 2024|AIRLINES, News|
Read More

U.S. Air Travel Consumer Report: May 2024 Numbers

Source: US DOT The U.S. Department of Transportation (DOT) today released its Air Travel Consumer Report (ATCR) on airline operational data compiled for the month of May 2024 for on-time performance, mishandled baggage, and mishandled wheelchairs and scooters. The ATCR is designed to assist consumers with information on the quality of services provided by airlines. For May 2024, 1.4% of flights were cancelled, higher than the 0.6% cancellation rate for May 2023 and lower than the 2.0% cancellation rate in both 2022 and in pre-pandemic May 2019. DOT expects that airlines will operate flights as scheduled and that when they do not, airlines will provide consumers the services promised when a flight is cancelled or delayed because of an airline [...]

2024-08-09T20:05:34+03:00August 9th, 2024|News, ORGANISATIONS|
Read More

Biden-Harris Administration Announces $636 Million in Grants to Improve Airport Infrastructure

Source: FAA The U.S. Department of Transportation's Federal Aviation Administration (FAA) today announced more than $636 million for 320 grants in 46 states and American Samoa to improve our nation's airport infrastructure. "From passenger travel to cargo operations, the Biden-Harris Administration continues to make our aviation system safer, more accessible, and more resilient through initiatives like the Airport Improvement Program," said U.S. Transportation Secretary Pete Buttigieg. "Thanks to this latest round of funding, passengers across the country will benefit as we make airports from Rhode Island to American Samoa more modern and efficient." This fourth round of the Airport Improvement Program (AIP) grants fund a variety of projects such planning, airport safety improvements, airport development, and airport noise compatibility grants. View [...]

2024-08-09T20:03:03+03:00August 9th, 2024|AIRPORTS, News, ORGANISATIONS|
Read More

Airport passenger traffic in Latin America and the Caribbean represent for 8.4% of the global total in 2023

Source: ACI-LAC Download File Airports Council International (ACI) has recently released global airport traffic data for the year 2023. The information is contained in the Annual World Airport Traffic Report 2024, published by ACI World, and whose data is collected directly from its global network of airport operators and official civil aviation bodies. The report's data indicates that total global passenger traffic in 2023 was nearly 8.7 billion, representing annual growth of 30.6% driven by a continued post-pandemic resurgence in international traffic. In particular, global traffic benefited from the reopening of Asian markets and a growing willingness of the world's population to travel despite global macroeconomic conditions. Latin American and Caribbean airports handled more than 732.4 million passengers, representing 8.4% [...]

2024-08-08T01:46:38+03:00August 8th, 2024|News, ORGANISATIONS|
Read More

TSA PreCheck® reaches milestone with 20 million members

Source: TSA The Transportation Security Administration (TSA) announced its TSA PreCheck®Trusted Traveler program surpassed 20 million active members, setting a new record for the program that launched in December 2013. This brings the total number of vetted airline passengers for DHS Trusted Traveler programs, which includes U.S. Customs and Border Protection's Global Entry expedited screening, to over 40 million. "More travelers than ever are using TSA PreCheck because of its value, ease and efficiency," said TSA Administrator David Pekoske. "TSA PreCheck continues to be one of our most innovative risk-based security solutions, providing the benefit of shorter wait times of under 10 minutes, greater checkpoint efficiency and improved security. Additionally, the cost of TSA PreCheck continues to go down for [...]

2024-08-08T18:52:38+03:00August 8th, 2024|News, ORGANISATIONS|
Read More

Embraer extends US$1 billion syndicated credit line for five years

Source: Embraer The agreement reinforces the company’s liquidity for the coming years Embraer has signed an US$ 1 billion syndicated credit agreement for five years. The deal is an extension of a US$ 650 million syndicated credit operation announced in October 2022. The contract provides the company with important access to financial resources at pre-negotiated rates. Led by banks Citibank, Credit Agricole, PNC Bank, and with the participation of institutions such as BNP Paribas, Mizuho, Bank of America, Sumitomo Mitsui Bank Corporation, Natixis, JP Morgan, MUFG, Santander, Banco do Brasil, Commerzbank, Morgan Stanley, Bradesco, and Goldman Sachs, the agreement allows access to the revolving credit line that can be used by Embraer's subsidiaries in the U.S. and the Netherlands, with [...]

2024-08-08T01:42:31+03:00August 8th, 2024|MANUFACTURERS, News|
Read More

TIACA to Hold Air Cargo Forum 2025

Source: TIACA The International Air Cargo Association (TIACA) is thrilled to announce the launch of an Air Cargo Forum (ACF) in the Middle East set to take place in Abu Dhabi, United Arab Emirates, November 4-6, 2025. TIACA has established itself as the global voice of the air cargo industry representing each sector and each geographic region. And building on the success of the Miami Air Cargo Forum, held every two years, the Board of Directors has taken the decision to make the Air Cargo Forum an annual event to extend our support of the global industry and has selected Abu Dhabi – Yas Island as its home for a second permanent location for the ACF. November 4-6, 2025 will [...]

2024-08-08T18:31:29+03:00August 8th, 2024|News, ORGANISATIONS|
Read More

Frontier Airlines Offers ‘GoWild!’ All-You-Can Fly Fall & Winter Pass Plus Elite Silver Status for Just $299 for a Limited Time

Source: Frontier Airlines GoWild! Fall & Winter Pass™ Features Unlimited Travel from Sept. 2024 Through Feb. 2025 Frontier Airlines (NASDAQ: ULCC) wants passengers to "GoWild!" with all-you-can-fly fall and winter travel, and enjoy FRONTIER Miles Elite Silver Status through the end of 2025! The ultra-low fare carrier announced today a limited-time promotion offering its GoWild! Fall & Winter Pass for just $299. As an added bonus for passes purchased through Friday August 23, 2024, customers will also receive instant FRONTIER Miles Elite Silver Status at time of purchase*. The airline's innovative GoWild! All-You-Can-Fly Pass enables passholders to fly as much as they want on Frontier to any destination the airline flies to, including Puerto Rico and international destinations (subject to [...]

2024-08-08T18:40:34+03:00August 8th, 2024|AIRLINES, News|
Read More
Copyright 2020 Iatrou Inc.