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Arriving in Recife following Azul's first Airbus A330-900neo flight. (Photo: AirlineGeeks | João Machado)

Latin American Low-Cost Carriers Trust They Will Recover First

After being announced as the new CEO and Executive Director of the Latin American and Caribbean Air Transport Association CEO, José Ricardo Botelho, announced that airlines operating in the Latin American and Caribbean market transported 1.08 million passengers in April, 97% less compared to April 2019, the last time 1 million people traveled in a month was in the 1960s. The situation in May was very similar. He also declared, “for June a slightly better situation looms with the opening…

Lufthansa Cuts 2019 Forecasts, Blaming Local Low-Cost Carriers

The Lufthansa Group on Monday announced its subsidiary airlines were the next in a long list of carriers from around the world to be adversely affected by the increasing numbers of low-cost carriers. The group announced it expected its margin on earnings before interest and taxes (EBIT) to hover between…