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An update on Latin American aviation – February 2021

An update on Latin American aviation – February 2021

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...
Boeing Projects Strong Demand In Latin America

Boeing Projects Strong Demand In Latin America

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...
Volaris ends 2020 at 215 million loss – Aeromexico draws final DIP Financing

Volaris ends 2020 at 215 million loss – Aeromexico draws final DIP Financing

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...
Aeromexico Ends 2020 With 2.1 Billion Loss

Aeromexico Ends 2020 With 2.1 Billion Loss

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...
Copa Reports Nearly US$600 Million In Net Losses For 2020

Copa Reports Nearly US$600 Million In Net Losses For 2020

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...
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