Copa Holdings’ Margin Surges on Higher Passenger Demand
Copa Holdings (NYSE: CPA) — operator of Latin American airline Copa Airlines — recently reported third-quarter earnings that included strong year-over-year revenue growth and margin expansion. What was even more impressive was the fact that Copa put up those numbers in the face of hurricanes and an electrical failure at its primary hub in Panama […]
September Passenger Demand Shows Hurricane Hit, Slowing Growth
The International Air Transport Association (IATA) announced global passenger traffic results for September showing that demand (measured in revenue passenger kilometers, or RPKs) rose 5.7% compared to the same month in 2016. This was the slowest year-on-year increase since February. Hurricanes Irma and Maria weighed heavily on the results, although growth already had been tapering. […]
September Air Freight Demand Slows Slightly but Still Up 9.2%
The International Air Transport Association (IATA) released data for global air freight markets in September 2017 showing that demand (measured in freight tonne kilometers or FTKs), rose 9.2% compared to the same month in 2016. This was the slowest pace of growth seen in five months. However, it was still significantly higher than the five-year […]
JetBlue to cut Puerto Rico capacity 33% as hurricanes hit earnings
JetBlue Airways, the airline with the largest presence in Puerto Rico, expects the island"™s recovery from Hurricane Maria to last through the end of 2018 and will adjust its operations until then, trimming capacity to/from the US territory by about 33%. The assessment came as New York-based JetBlue reported a third-quarter year-over-year (YOY) net profit […]
IAG cargo to launch new route between Madrid and San Francisco
IAG Cargo has today announced that from summer 2018 it will be launching a new direct flight between Madrid (MAD) and San Francisco (SFO), making it the only carrier to offer a direct route between the two cities. An A330-200, operated by Iberia, will service the route three times per week offering capacity of up […]
Double Digit Demand Growth for Freight Continued in August
The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), increased by 12.1% in August 2017, compared to the same period a year ago. This was the fifth time in six months of double-digit gains on the previous year"™s performance. Demand is growing […]
Gol Linhas Aereas Inteligentes S.A. Lowered to "Hold" at Zacks Investment Research
Gol Linhas Aereas Inteligentes S.A. (NYSE:GOL) was downgraded by Zacks Investment Research from a "buy" rating to a "hold" rating in a report issued on Tuesday, August 29th. According to Zacks, "Shares of GOL Linhas have outperformed its industry in the last six months. Ushering in further good news, the company reported better-than-expected results in […]
Volaris (VLRS) August Traffic Increases 5.1%, Capacity Up 6.6%
Volaris* (NYSE: VLRS), the ultra-low-cost airline serving Mexico, the United States and Central America, reports August 2017 and year-to-date preliminary traffic results. During August 2017 Volaris increased total capacity, as measured in Available Seat Miles (ASMs), by 6.6% year over year. Total demand, as measured in Revenue Passenger Miles (RPMs), in August 2017 increased 5.1% […]
Record Passenger Load Factor in July
The International Air Transport Association (IATA) announced global passenger traffic results for July showing strong but moderating demand growth. Total revenue passenger kilometers (RPKs) rose 6.8%, compared to the same month last year, down from 7.7% year-over-year growth recorded in June. All regions reported solid or better growth in passenger volumes over the past year. […]
ALTA traffic report june 2017
The Latin American and Caribbean Air Transport Association (ALTA) announced today that Latin America and Caribbean airlines carried 13 million passengers in June, up 5.5% from the previous year, excluding domestic traffic in Brazil, marking the 70th consecutive month of passenger traffic growth for Latin America and Caribbean airlines. Traffic (RPK) grew 8.7% and capacity […]
