This week, Avianca, the oldest airline of the Americas and second oldest in the world, celebrates its 100th anniversary. However, in recent times, the airline has not much to commemorate. Its financial situation is very fragile, with not much cash remaining and a very complex debt situation. As its latest…
LATAM Brasil is passing by a year of several transformations. While most macroeconomic forecasts show a stagnated economy in Brazil, the top 3 Brazilian airlines - Azul, LATAM Brasil and GOL - have shown a growth in demand and ticket prices, with much of that owed to Avianca Brasil's virtual…
As part of its strategic plan towards improving its financial performance, South American carrier Avianca continues to work to better optimize operations, axing underperforming routes, simplifying the airline’s fleet and divesting non core assets in the airline’s portafolio. The new strategic plan, labeled as “Avianca 2021” comes after changes in…
As part of its strategic plan towards improving its financial performance, South American carrier Avianca continues to work to better optimize operations, axing underperforming routes, simplifying the airline’s fleet and divesting non core assets in the airline’s portafolio. The new strategic plan, labeled as “Avianca 2021” comes after changes in…
Last week, LATAM held its quarterly earnings call where it presented some rather bleak financial results for the first few months of the year. In the first quarter of 2019, LATAMs earned $2.525 billion in revenue, which represents a 7.5 percent decrease from the $2.730 billion earned during the same…
JetBlue Airways announced today that it will be adding new routes to from its main bases of Boston, New York and Fort Lauderdale that will better strengthen the position of their hubs and open new possibilities for travelers across the U.S., the Caribbean and South America. At the same time,…
