Copa Holdings Reports Financial Results for the First Quarter of 2023
Copa Holdings, S.A. (NYSE: CPA), today announced financial results for the first quarter of 2023 (1Q23). The terms «Copa Holdings» and the «Company» refer to the consolidated entity. The following financial information, unless otherwise indicated, is presented in accordance with International Financial Reporting Standards (IFRS). See the accompanying reconciliation of non-IFRS financial information to IFRS financial […]
Emirates creates US$ 200 million aviation sustainability fund
Emirates, the world’s largest international airline, today announced it has committed US$ 200 million to fund research and development (R&D) projects focussed on reducing the impact of fossil fuels in commercial aviation. This is the biggest single commitment by any airline on sustainability, with funds to be disbursed over 3 years. Emirates will identify partnerships […]
Delta celebrates 100th U.S.-produced Airbus A321, reaffirms commitment to domestic job growth
Delta’s commitment to its cutting-edge fleet was on full display this week in Mobile, Alabama, where the airline celebrated the production of its 100th U.S.-produced A321 from manufacturing partner, Airbus. Airbus launched its first U.S. production facility in 2015, with just under 400 employees and Delta received its first aircraft from the Mobile facility […]
Alaska Airlines names a new vice president of strategy, analytics and transformation
Alaska Airlines has promoted Tiffany DeHaan to vice president of strategy, analytics and transformation. DeHaan assumes the role currently held by Sandy Stelling, who will retire from Alaska Airlines in July after 23 years. DeHaan will oversee the execution of company strategy, development of all strategic initiatives and overall project execution for Alaska. She is […]
Air Travel Growth Continues in March
The International Air Transport Association (IATA) announced strong demand growth in air travel for March 2023. Total traffic in March 2023 (measured in revenue passenger kilometers or RPKs) rose 52.4% compared to March 2022. Globally, traffic is now at 88.0% of March 2019 levels. Domestic traffic for March rose 34.1% compared to the year-ago period. Total March […]
Air Cargo Declines Moderate in March
The International Air Transport Association (IATA) released data for March 2023 global air cargo markets showing a continued decline against previous year’s demand performance. This trend began in March 2022. Global demand, measured in cargo tonne-kilometers (CTKs*), fell 7.7% compared to March 2022 (-8.1% for international operations). This was a slight improvement over the previous […]
Nigeria becomes first in Africa with highest airlines on IOSA registry
The International Air Transport Association (IATA) on Wednesday, formally presented United Nigeria Airlines with its Operational Safety Audit Certificate otherwise known as IOSA, thus making the airline the sixth in Nigeria to obtain the safety standard. The joining of IOSA by the airline has made Nigeria the first in Africa to have six airlines registered […]
Qantas Group announces CEO succession
The Qantas Group has today announced Vanessa Hudson will become the next CEO and Managing Director, taking over from Alan Joyce when he retires in November 2023. Ms Hudson is currently the Group’s Chief Financial Officer and has worked in a number of executive positions across the Group over 28 years, including Chief Customer Officer […]
IATA Welcomes Telcos’ Agreement to Extend 5G Mitigations but More is Needed
The International Air Transport Association (IATA) welcomed the agreement by AT&T Services, T-Mobile, UScellular, and Verizon to extend until 1 January 2028 the voluntary mitigation measures for 5G C-band transmissions at 188 US airports. These mitigation measures, which were put in place in January 2022, concurrent with the rollout of 5G C-band operations at or […]
Alaska Airlines and ZeroAvia begin developing world’s largest zero-emission aircraft
Alaska Airlines presented a Bombardier Q400 regional turboprop to ZeroAvia that will be retrofitted with a hydrogen-electric propulsion system in an effort to expand the reach and applicability of zero emissions flight technology. At an event, held at ZeroAvia’s Paine Field research and development site, the companies were joined by high school students from Raisbeck […]
