On June 30, 2020, Aeroméxico announced the beginning of a voluntary financial restructuring process under Chapter 11 of the legislation of the U.S., which has been carried out while continuing to operate as a going concern and offering services to its clients with the same quality that characterizes it. Despite…
This Monday, the LATAM Airlines Group reported that it foresees better operational prospects for the next six months, despite the profound impact of the pandemic in Latin America so far this year. In a press release, the group stated that it plans to reach a capacity greater than 50% of…
More than a year into the Covid-19 pandemic, many airlines have returned to operating bolstered schedules with flights filled with passengers once again. Airports have been busy and airlines have ramped up flight schedules and opened up recruitment drives as air travel returns to a new, yet familiar normal. The…
Alaska Airlines recently held an earnings call and announced its second quarterly reports for 2021, citing a net income of $397 million compared to last year’s net loss of $214 million at the peak of the COVID-19 ordeal. Additionally, the airline posted a net loss for this year’s second quarter…
Volaris, the ultra-low-cost carrier that operates in Mexico, the U.S. and Central America, announced the addition of eight A320neo aircraft to its fleet in 2021, in addition to the three aircraft from its purchase order with Airbus, thus closing the year with at least 98 aircraft. Volaris has been able…
LATAM Airlines Group closed 2020 with $3 billion of available liquidity - $1.7 billion in available cash added to $1.3 billion in committed DIP financing line - in a year marked by travel restrictions and the sharp contraction in demand passengers due to COVID-19. The group implemented an important cost…
In a recent interview with the adn40 newscast, the CEO of Volaris, Enrique Beltranena, said that the Mexican ultra-low-cost airline ended the last quarter of the year operating at 95% of its capacity. “In Dec. 2020, Volaris reach out to operate at 102% compared to the same month in 2019.…
Viva Aerobus reported its operating and financial results for the 2020’s fourth quarter and its annual 2020 results, reflecting a positive trend in the airline's efforts to increase flights to meet the needs of its growing customer base. According to the airline's press release, Viva Aerobus' leadership team attributes the…
The commercial aviation market in Brazil has had an intense first quarter this year. As the new government takes office, the markets are waiting anxiously for the promised economic reforms, reflecting in more investments and thus, accelerating demand. Most important, though, is the collapse of Avianca Brasil, which was the…
