Air France-KLM is following in the footsteps of Lufthansa by repaying its loans and reducing net debt. The airline has redeemed €500 million of the €4.0 billion that was provided earlier this year by a syndicate of nine banks and guaranteed…
During the 2021 third quarter, LATAM lost $691.9 million due to the impact of the COVID-19 pandemic, plus the increase in costs associated with aircraft maintenance, and one-off impacts, said the carrier in a statement. Despite the loss, LATAM believes…
During the first quarter of 2021, Grupo Aeromexico posted a net loss of US$209 million (4.192 billion pesos), the airline said on its quarterly report. Aeromexico’s revenues continue at 51.3% under the pre-pandemic values, but it’s slowly coming back. Aeromexico’s…
The Brazilian carrier GOL Linhas Aereas posted a $416 million net loss in 2020 due to the impact of the COVID-19 pandemic worldwide. Additionally, in 2020, GOL saw a 54 percent decrease in revenue passengers. The airline carried 16.7 million…
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 ultra-low-cost Mexican carrier had total…
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…