So far, Mexico and Colombia drive the Latin American airline industry recovery, according to stats provided by the International Air Transport Association (IATA). These two countries remain the only ones fully open across the subcontinent. Looking at Mexico and Colombia’s…
Despite a strong final quarter with a 534 million reais net profit, Brazilian airline Azul Linhas Aereas posted a full-year net loss of R$ -10.179 billion (US$1.8 billion), it announced on March 4. The full-year operating loss was R$ -1.461…
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 the…
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…
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…
After almost one month of 2021, the Latin American airline industry faces an aggravated uphill battle. The airlines in the region are now showing mixed results in terms of capacity and recovery due to the reimposition of travel restrictions. Let’s…