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...
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 billion on revenues of R$...
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...
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 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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