Latin America – Page 10
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Airline BusinessWhy airline industry focus is on the margins of profitability
Confirmation from IATA that the airline industry will return to collective profitability this year and that passenger volumes will shortly surpass pre-Covid levels is an indication that the sector has finally normalised.
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NewsIATA raises 2023 profit expectations for airlines to $23bn and sees small rise for 2024
IATA expects the airline industry to post a collective net profit of $23.3 billion for 2023, more than doubling its expectations from six months ago.
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NewsChilean low-cost carrier Sky Airline applies to DOT for routes to USA
Chile’s Sky Airline has applied to the US Department of Transportation (DOT) to provide air service to the United States alongside its Peruvian subsidiary, which has been flying to the US since 2022.
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NewsEmbraer reveals first E190F as P2F conversion programme keeps pace
Embraer is advancing its passenger-to-freighter (P2F) conversion programme on schedule, with delivery of the first E190 Freighter set for the second quarter of 2024.
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AnalysisWhich types retired in our latest World Air Forces review?
We detail some of the most notable national fleet retirements recorded in the 12 months since we published our last World Air Forces directory at the end of 2022.
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Analysis2024 World Air Forces directory: how major conflicts impacted global fleet
Air forces are maintaining a high operational tempo, including performing combat duties in Europe and the Middle East. Our annual review details the global military fleet and nations’ procurement plans.
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NewsEmbraer, SAMI pitch C-390 final assembly to Saudi Arabia
Saudi Arabia’s SAMI and Embraer have joined forces to pitch the Brazilian airframer’s C-390 transport to Riyadh, including the potential for local assembly and support.
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NewsAvianca CEO Neuhauser takes new job as CEO of parent Abra Group
Avianca chief executive Adrian Neuhauser will take the helm of Abra Group, which owns Avianca and Brazil’s Gol, in January, while remaining executive vice-chairman of the Colombian carrier’s board of directors.
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NewsEmbraer delivers Brazil’s last modernised E-99M AEW&C aircraft
Brazil’s air force has received its final modernised E-99M/ERJ-145 airborne early warning and control (AEW&C) aircraft from Embraer.
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NewsAzul looks at electrifying Cessna Caravans with help from Surf Air Mobility
Brazilian carrier Azul is exploring the potential electrification of its fleet of Cessna Grand Caravans through a collaboration with US start-up Surf Air Mobility.
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In depthEmbraer predicts ‘wave’ of E-Jet orders as company continues operational turnaround
Embraer executives say demand for E-Jets is lagging a broader boom for larger aircraft like Airbus and Boeing narrowbodies. Soon, they say, airlines will turn more attention to E-Jets to fill a market-segment gap.
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Airline BusinessAirline Business Covid-19 recovery tracker: November 2023 update
Our regular examination of the latest global data for several key airline market indicators, including traffic and capacity in passenger and cargo markets, in-service and stored fleets, jet fuel costs, and share price trends for the world’s largest groups.
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NewsCopa posts 61% higher Q3 profit as demand climbs
Copa Holdings, the parent company of Copa Airlines, reported a third-quarter profit on higher demand and stable expenses, as the cost of jet fuel fell by one-fifth.
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NewsAzul reports record adjusted profit as fleet transition pays off
Brazil’s Azul earned a R1.6 billion ($319 million) adjusted third-quarter operating profit as passenger and cargo demand remained strong during the traditionally weaker southern hemisphere winter season.
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NewsEmbraer stretches scope of Energia ambitions
Embraer has again shifted the scope of its Energia project, extending the size of the conceptual aircraft under consideration up to 50 seats.
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NewsContinued demand may prolong E175 production into 2030s
Embraer could continue building its E175 into the 2030s as continued airline demand and a lack of scope-clause relief in the USA combine to extend the regional jet’s expected production life.
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News‘Amazing momentum’ has C-390 prospects soaring, Embraer defence chief says
Embraer is aiming to close out an already great year for its C/K-390 airlifter by securing additional orders, while it also eyes longer-term opportunities in the Middle East.
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NewsAvianca posts profit as it scrambles to fill Colombian capacity needs
Avianca reported a profit for the third quarter of 2023, as passenger demand remains strong following the demise of two domestic airlines, pushing the company’s results beyond figures in its original business plan.
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NewsEmbraer expects PW1000G work will triple revenues at Portuguese MRO provider OGMA
Embraer expects a massive revenue bump in the coming years for its Portuguese maintenance unit OGMA as it begins ramping up work on Pratt & Whitney (P&W) PW1000G geared turbofan (GTF) engines.
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NewsTextron Aviation wins $100 million Pentagon contract to sell turboprops to foreign governments
The Foreign Military Sales agreement allows Textron Aviation, over five years, to deliver to overseas buyers aircraft including Cessna SkyCouriers, Grand Caravan EXs and Beechcraft King Airs.