by Daniel Martínez Garbuno | Mar 1, 2021 | Airlines
Two months have now passed in 2021. According to the International Civil Aviation Organization, Latin America’s airline industry is now aiming to have the best capacity recovery worldwide. Nevertheless, the region still faces financial pressure, as we’ve seen in...
by Daniel Martínez Garbuno | Feb 25, 2021 | Boeing
Boeing expects Latin American airlines to buy 2,610 airplanes, valued at $365 billion, through 2039, the company said in a statement. Boeing’s outlook Single-aisle commercial models will comprise 90% of the Latin American demand. This reflects the expansion of...
by Daniel Martínez Garbuno | Feb 19, 2021 | Airlines
Today, two news came to light: Volaris published its fourth-quarter financial results, and Grupo Aeromexico made the final withdraw of its Debtor-In-Possession Financing under the Chapter 11 bankruptcy process is currently involved. Volaris’ performance The...
by Daniel Martínez Garbuno | Feb 17, 2021 | Airlines
Grupo Aeromexico reported a net loss of 42.983 billion pesos (USD 2.1 billion) in 2020 due to the effects of the COVID-19 pandemic. The Mexican airline saw a 58.5% decline in the revenues that led it to file for a Chapter 11 bankruptcy in the US. A closer look at...
by Daniel Martínez Garbuno | Feb 11, 2021 | Airlines
Copa Holdings reported a net loss of US$598.6 million during 2020 due to the COVID-19 pandemic. Excluding special items, the Panamanian carrier would have reported an operating loss of US$220.6 million for 2020, it said in a statement. A look at Copa’s capacity Due...
