Who had the best passenger recovery in 2021? Mexico! And we can prove it. According to stats provided by the Mexican Communications, Infrastructure, and Transportation Secretariat (SICT), in November 2021, Mexico recovered 95% of its pre-pandemic traffic numbers, which is…
The airline industry in Mexico has recovered more than three-quarters of its pre-pandemic traffic levels between January and October 2021, according to data published by the Ministry of Infrastructure, Communications and Transport (SICT). Mexico’s recovery reaches 75%, and we expect…
Rolls-Royce is benefitting from an upturn in flying of its large engines’ fleet, a recovery in its Power Systems business, and good results from its Defence business. The UK engine maker said in a trading update on December 9 that its…
Emirates has reduced its half-year-loss and is “well on the recovery path with healthy revenue and a solid cash balance at the end of our first half of 2021-22”, it reported on November 10. The Dubai-airline group reported a net loss…
Lufthansa has turned the corner on losses and produced its first operating profit since the start of the pandemic in Q3. The airline group reported a €272 million Adjusted EBIT excluding restructuring costs, a huge improvement over the €1.204 billion…
While its third-quarter net loss of $640 million isn’t looking much better than that of 2020, Air Canada is definitely back in recovery mode, it said on November 2. This is translated into favorable revenues and traffic trends as Canada re-opened…