LATAM Airlines Group reports preliminary monthly statistics for April 2018
LATAM Airlines Group S.A. and its subsidiaries, («LATAM Airlines Group» or «the Company») (NYSE: LTM / IPSA:LTM), the leading airline group in Latin America, today reported its preliminary monthly traffic statistics for April 2018 compared to April 2017. System passenger traffic increased 0.8%, while capacity rose by 1.4%. As a result, the Company’s load factor […]
IATA Airlines Financial Monitor – April 2018
We are pleased to send you herewith the April report of the Airlines Financial Monitor. Key points: The initial data for Q1 2018 indicate a pick-up in airline financial performance relative to the same period a year ago. The improvement was broad-based, with every region except Europe posting a widening in their EBIT margin. Despite […]
La venta a Acciona del ‘handling’ de Latam en Chile mejorará en 21 millones las cuentas de la aerolínea
La venta a Acciona de Andes Airport Services, firma que engloba las actividades de ‘handling’ de rampa de la compañía aérea Latam Airlines en el aeropuerto de Santiago de Chile, tendrá un impacto positivo de 25 millones de dólares (20,9 millones de euros) en los resultados de la aerolínea, según ha informado la compañía. En […]
Deutsche Bank Partners With IATA To Pilot Payments Solution
Deutsche Bank announced on Monday it has partnered with the International Air Transport Association (IATA), the trade association for the world"™s airlines, for a pilot project to test a disruptive new payment model. The bank reported that through the pilot, it will look to reduce costs for processing payments between airline clients and airlines. Deutsche […]
United Airlines Increases to Daily Service Between Houston and Havana
United Airlines today announced it is increasing service between Houston’s George Bush Intercontinental Airport and Havana’s José Martà International Airport beginning July 20. Subject to government approval, United will operate the new daily service with either Boeing 737-800 mainline aircraft or Embraer E175 regional aircraft operated by Mesa Airlines as United Express. Tickets are now […]
The global low cost airlines market was valued at $117,726 million in 2016, and is projected to reach $207,816 million in 2023, registering a CAGR of 8.6% from 2017 to 2023
Low Cost Airlines Market by Purpose (Leisure Travel, VFR, Business Travel, and Others), Destination (Domestic and International), and Distribution Channel (Online, Travel Agency, and Others) – Global Opportunity Analysis and Industry Forecast, 2017-2023. The global low cost airlines market was valued at $117,726 million in 2016, and is projected to reach $207,816 million in 2023, […]
Copa operará una ruta de Barbados a Panamá
La compañía Copa Airlines tiene previsto lanzar una conexión entre Barbados y Panamá, a partir del día 17 de julio de 2018, debutando con una tarifa promocional para viajes de ida y vuelta. Por lo que se refiere a la operativa de la ruta, el vuelo va funcionará los martes y viernes y ofrecerá un […]
European airlines seek bigger piece of Latin American pie
Air France-KLM’s inauguration Thursday of a flight to a little developed corner of Brazil highlights European airlines’ attempt to bring the continents together, catching up with far more dominant routes between South and North America. Latin America is a fast-expanding destination, seeing 9.3 per cent growth in air travel last year, its biggest increase since […]
Vistara joins IATA ahead of launching international operations
Indian full-service carrier Vistara "“ a joint venture of Tata Sons and Singapore Airlines "“ is now a member of IATA, joining the association of more than 280 airlines around the world. The membership will further enable Vistara to collaborate with other international member airlines for codeshare and interline agreements, and offer an extended global […]
US airline stocks tumble after warnings of higher fuel costs
US airline stocks tumbled on Thursday after two carriers warned of higher fuel costs that could feed through to fare increases. Shares of American Airlines fell 6.3 per cent after the company lowered its 2018 profit forecast due to an expected $2.3bn rise in fuel costs this year. Chief executive Doug Parker warned that sharply […]
