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LATAM finishes 2020 with a $4.5bn net loss

LATAM Airlines Group posted a $4.54 billion net loss in 2020 due to the impact of the COVID-19 pandemic. Last year, LATAM was one of the three Latin American airlines to file for  Chapter 11 bankruptcy in the US, to have “an opportunity to work with the group’s...

Brazil’s average fare drops by 15 percent

In 2020, the average ticket fare dropped 14.5 percent in Brazil, according to the Civil Aviation National Agency (ANAC, in Portuguese). The average price ticket was R$376.29, the lowest on record since the agency started tracking the airfares in 2002.  Brazil has...

Cathay ends 2020 at -21.6 billion loss – further staff reductions imminent

Cathay Pacific’s short-term outlook remains “challenging”, but the Hong Kong carrier is "absolutely confident" on the long-term future and its competitive position. Cathay Pacific Group reported a record loss of HK$-21.648 billion on March 10, which confirmed 2020 as...

Nigeria, UAE row impacts EgyptAir’s passenger traffic

Passenger traffic to the United Arab Emirates (UAE) via Cairo, Egypt took a considerable dip following the stoppage of flights between Nigeria and UAE occasioned by diplomatic face-off over rapid COVID-19 tests for travelers to the Arabian country. As a result of the...