financial results

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 to take advantage of the […]

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 reduction policy, reducing costs by […]

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. We have started the year […]

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 positive performance to adequate financial […]

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 fourth biggest domestic carrier until […]

United shares took a tumble on Thursday, dropping more than 12 percent after the United management team failed to leave analysts satisfied with the outlook of the company. The airline reported better than expected third quarter results, but its adjusted earnings fell sharply year-over-year. A Rough Third Quarter Revenue decreased year over year due to […]

United Airlines experienced a strong second quarter of 2017, reporting a net income, excluding special charges, of $846 million against revenues of $10 billion. Though United posted excellent financials, their shares on the New York Stock Exchange still fell 5.9% due to sluggish 3rd quarter forecasts. United’s $10 billion revenue in the second quarter was an […]

Delta announced its June quarter 2017 earnings, reporting a net income of $1.2 billion on revenues of $10.79 billion. The announcement highlights approximately a 20.8 percent fall in quarterly profit as operating expenses grew for the global airline. Operating revenues grew to $10.79 billion this quarter compared to $9.14 billion Q1 of 2017. This represents […]