Tag: pandemic (Page 4 of 15)
LATAM Airlines Group (Santiago: LTM.SN) announced a significant expansion of its cargo operations with the conversion of up to eight Boeing 767-300ER aircraft into Boeing Converted Freighters (“BCF”) in the next three years. This represents a freighter capacity growth of up to 80%. This plan seeks to increase the service options and leverage the synergies of operating a single type of aircraft.
The plan is divided in two gradual stages. The first phase is based on four confirmed conversion slots with Boeing with re-deliveries between 2021 and 2022. Upon completion of that phase, LATAM’s cargo operators’ fleet would reach a total of 15 Boeing 767-300ER freighters. The second phase includes four conversion options with Boeing that would allow aircraft to be added between 2022 and 2023. If all options are executed LATAM would operate a total of 19 767-300ER freighters.
Throughout 2020, LATAM Cargo played an active and vital role in ensuring essential supplies reached Latin American countries, especially in places with extreme and difficult-to-access areas like in countries such as Brazil, Chile, Colombia, Ecuador, and Peru. LATAM also worked to safeguard the supply from the import and export sectors in South America, even increasing their shipment frequencies by more than 40% in some markets. To achieve these results, LATAM operated passenger planes for the exclusive transport of cargo.
In addition, during the pandemic, LATAM landed for the first time in China, searching for medical supplies for South America, ultimately making more than 80 flights to the Asian continent. LATAM currently continues to make trips to Europe and China to transport COVID-19 vaccines into the region, and the LATAM Group’s Solidarity Plane Program has made its resources available for the free transport of vaccines in domestic markets.
Mexico City, February 22, 2020. – Grupo Viva Aerobus today reported operating and financial results for 4Q20 and full year 2020, reflecting a recovery trend, amid the challenges of the pandemic, which began in the third quarter. This performance is the result of an adequate financial management, a strict expense control protecting the company’s liquidity and a responsible operational recovery which prioritizes health and safety for all passengers and staff.
During the 4Q, Viva Aerobus led the industry’s recovery, being the first airline in the Americas to resume 100% of its operational capacity, in November. Furthermore, Viva also consolidated as the first Mexican airline to grow its service at the end of the year by increasing its offer (available seats per kilometer) an 11% during December 2020 vs December 2019. In addition, the airline closed the year with 131 routes (103 domestic and 28 international), 12 more routes than the ones recorded at the end of 2019.
As a result of this recovery, added to an enhanced flexibility by permanently getting rid of charges for flight changes, Viva registered higher demand, closing 4Q20 with more than 2.9 million passengers, a 59% increase compared to 3Q2020. Moreover, the airline closed December with over one million of passengers registered, a similar figure reported in December 2019, before the pandemic.
This operational and passengers increase boosted the operating revenue to reach 3,237 million pesos in 4Q20, representing a 76.8% growth compared to 3Q20. Total operating revenue was composed 49% by fare revenue (1,589 million pesos) and 51% of ancillary revenue (1,647 million pesos). This revenue scheme represents the possibility that Viva Aerobus gives passengers to personalize their flights. Therefore, Viva takes care of their economy by offering low prices and giving the opportunity to pay only for what they need.
Due to this sequential increase in revenues, a positive EBITDAR was obtained for the second consecutive quarter, totaling 531 million pesos; this represented a sequential increase of 95% compared to 3Q20. Additionally, liquidity preservation stands out as attested in the cash and cash equivalents balance, recording 2,967 million pesos, a similar figure to the one reported in 3Q20. This reflects an assertive use of cash, taking advantage of an agile operational resumption, the support of the airline’s suppliers and the decisions to eliminate non-essential expenses.
These quarterly results softened the effects of the pandemic in the full year, considering that it was in the first half of 2020 when demand was most affected by the health emergency. Viva Aerobus registered more than 8.1 million annual passengers, a decrease of 32.4% compared to 2019. Consequently, total operating revenues reached 8,221 million pesos and EBITDAR totaled 946 million pesos, a 36.1% and 75.6% decrease, respectively.
To consult the full earnings report, please visit Viva Aerobus investor relations site: https://ri.vivaaerobus.com/en
| Financial Indicators (MXN Million) | 4Q20 | 4Q19 | Ch. % | 2020 | 2019 | Ch. % |
| Total Revenue | 3,237 | 3,728 | (13.2%) | 8,221 | 12,874 | (36.1%) |
| EBITDAR* | 531 | 1,122 | (52.7%) | 946 | 3,875 | (75.6%) |
| EBITDAR Margin* | 16.4% | 30.1% | (13.7 p.p.) | 11.5% | 30.1% | (18.6 p.p.) |
| Operation (loss) income [EBIT]* | (427) | 315 | (>100.0%) | (2,619) | 935 | (>100.0%) |
| EBIT Margin* | (13.2%) | 8.4% | (21.6 p.p.) | (31.9%) | 7.3% | (39.1 p.p.) |
| Earnings Before Taxes (EBT)* | (791) | 658 | (>100.0%) | (3,881) | 579 | (>100.0%) |
| EBT Margin* | (24.4%) | 17.7% | (42.1 p.p.) | (47.2%) | 4.5% | (51.7 p.p.) |
| Net (loss) income* | (558) | 420 | (>100.0%) | (2,727) | 469 | (>100.0%) |
| Net Margin* | (17.2%) | 11.3% | (28.5 p.p.) | (33.2%) | 3.6% | (36.8 p.p.) |
*Items not comparable with 2019 due to change in the functional currency conducted in 2020.
| Operational Indicators | 4Q20* | 4Q19 | Ch. % | 2020* | 2019 | Ch. % |
| ASKs (million) | 4,303 | 4,153 | 3.6% | 11,670 | 15,080 | (22.6%) |
| RPKs (million) | 3,400 | 3,642 | (6.6%) | 9,393 | 13,374 | (29.8%) |
| Total Passenger (thousands) | 2,945 | 3,282 | (10.3%) | 8,123 | 12,019 | (32.4%) |
| Load Factor (%) | 79.0% | 87.7% | (8.7 p.p.) | 80.5% | 88.7% | (8.2 p.p.) |
Lufthansa Group Streamlines Pilot Training Program within ReNew Framework
The global aviation crisis caused by the pandemic continues to have serious consequences for employees working in the airline industry. As a result, pilot training has also been severely affected by the repercussions of the crisis, as the need for recruitment has decreased.
Nevertheless, Lufthansa has decided to use the interruption caused by the crisis to fundamentally modernize the existing training concept at its in-house flight schools. The principle of ab-initio training will remain in place, as it has been proven to be successful for decades. However, in the future, a so-called “campus model” framework will provide modern, digital forms of training along with new selection procedures. These will enable more needs-based training for the various airlines of the Lufthansa Group and take into account the volatile demand in air traffic.
The campus training will be comparable to a university study program with defined qualification and training standards resulting in an institutionalized, internationally recognizable degree. After completing the training, graduates will be recruited depending on the demand situation of the respective flight operations of the various airlines of the Lufthansa Group.
Consequently, this gives the current generation of student pilots another perspective on a possible entry into cockpits at Lufthansa Group Airlines later on. In view of the current lack of prospects for pilot careers within the Lufthansa Group, last year the Group’s training division, Lufthansa Aviation Training (LAT), offered all flight students the option of ending their training without incurring any costs or, alternatively, continuing their training at another flight school.
Part of the new training concept is to provide theoretical and practical training, which is located closer to the customer. In the future, the theoretical part will be concentrated at the traditional Bremen location, where the digital modules for theoretical pilot training will also be developed. The practical part of the training, which is scheduled to take place in Germany, will be consolidated at Rostock-Laage: LAT already operates a modern and recognized training facility at “RLG” airport, the site of its largest external customer.
CHICAGO, Feb. 19, 2021 /PRNewswire/ — United Airlines (Nasdaq: UAL) today announced plans to expand its global route network with new, nonstop service between Boston Logan International Airport and London Heathrow. This new service builds upon United’s growing presence in London and provides customers on the East Coast with another convenient option to get to London. United plans to operate its premium Boeing 767-300ER aircraft on the route, with 46 United Polaris Business Class and 22 United Premium Plus seats. The aircraft features the highest proportion of premium seats on any widebody aircraft operated by a U.S. carrier between London and the United States.
“We are thrilled to offer travelers a convenient, non-stop option between Boston and London with this addition to our global network,” said Patrick Quayle, United’s vice president of International Network and Alliances. “We will continue to monitor the demand recovery and travel restrictions as we finalize a start date for this service later in 2021.”
Tickets will be available for purchase on united.com and the United app in the coming weeks.
United has provided service to London Heathrow for nearly 30 years and over the course of the pandemic has maintained continuous service between the U.S. and London. Looking ahead, Boston will be United’s 19th daily flight between the United States and London Heathrow.
| Boston – London Schedule | ||||||
| From | To | Depart | Arrive | Frequency | Aircraft | |
| Boston | London | 10:00 p.m. | 9:35 a.m.+1 | Daily | 767-300ER | |
| London | Boston | 5:00 p.m. | 7:30 p.m. | Daily | 767-300ER | |
| Schedule subject to change |
United’s Polaris product is a premium travel experience that prioritizes relaxation and comfort with features that include everything from custom, luxury bedding from Saks Fifth Avenue and restaurant-quality, multi-course inflight dining to premium amenity kits and full flat-bed seats with direct aisle access. Along with its 46 Polaris Business Class seats, the aircraft also features 22 United Premium Plus seats, 43 United Economy Plus seats and 56 United Economy seats.
Committed to Ensuring a Safe Journey
United is committed to putting health and safety at the forefront of every customer’s journey, with the goal of delivering an industry-leading standard of cleanliness through its United CleanPlus program. United has teamed up with Clorox and Cleveland Clinic to redefine cleaning and health safety procedures from check-in to landing and has implemented more than a dozen new policies, protocols and innovations designed with the safety of customers and employees in mind.
USA TODAY 10 Best Readers’ Choice Awards announced their list of best airlines, airline amenities and airports of 2021 – naming Delta (NYSE: DAL) the best airline for American travelers, the Delta Sky Club at John F. Kennedy International Airport in New York as the best airport lounge and Delta flight attendants as the best cabin crew.
Nominees in all categories are chosen editorially by a panel of experts. Once the nominees were selected, readers could vote once per category, per day for four weeks. The winners indicate which airlines, airline amenities and airports make getting to your destination a pleasure rather than a pain.
The Delta Sky Club at New York-JFK features a Sky Deck overlooking Terminal 4, free WiFi, fresh food, premium drinks and more. During the ongoing pandemic, guests can expect to see a new standard of Club cleanliness that includes the same Delta CareStandard practices found throughout the airport and onboard aircraft. This includes but is not limited to: individually packaged fresh food options; plexiglass partitions at check-in, at the bar and between seating areas; limited capacity and blocked seats to promote more space; and enhanced cleaning measures. Learn more on delta.com
In September 2020, the airline opened its newest and largest Delta Sky Club as a part of Salt Lake City International Airport’s newly opened terminal. Delta’s support of the new Salt Lake City Airport build is part of the airline’s ongoing strategy to modernize our hub infrastructure and customer experience by investing more than $12B in airport projects.
- Three new routes to Coffs Harbour and Byron Bay (Ballina)
- Additional seats to Coffs Harbour from Sydney for April school holidays
- Sale fares on new routes from $129 one-way
Qantas has today announced it will add three new routes and extra seats to the New South Wales north coast to support growing demand for holidays in Australia. From 1 April 2021, Qantas will launch three new routes to both Coffs Harbour and Byron Bay (Ballina).
- Melbourne to Coffs Harbour – flights will operate daily with Qantas’ Boeing 717 aircraft, adding more than 1,750 seats on the route each week.
- Brisbane to Coffs Harbour – flights will operate four days per week with the turboprop Q400 aircraft, adding around 600 seats on the route each week.
- Canberra to Byron Bay – Qantas’ first ever direct service connecting the two destinations, offering two flights per week with the turboprop Q400 aircraft. Flights will initially operate in April and Qantas will look to continue the service from July in line with demand.
More seats will also be added between Sydney and Coffs Harbour with the introduction of Qantas’ larger two-class B717 aircraft during the April school holidays, operating alongside the Q400 which also operate on the route. This will see Qantas offer around 500 extra seats on the route each week (a total of 4,300 seats), and the option to travel in Business.
QantasLink CEO John Gissing said these new routes would provide Australians with more options to plan their next holiday in their own backyard.
“The beautiful coastal hubs of Byron Bay and Coffs Harbour continue to be incredibly popular with travellers, so it makes sense to provide direct connections from other capital cities to make them even more accessible.
“Travellers from Canberra can spend more time on the beach and less time on their journey with our direct service to Byron Bay.
“We’ll be promoting these new flights to millions of our frequent flyers across the country and think they’ll enjoy the benefits of our premium service, including complimentary food and drinks, baggage and lounge access before they fly out.
Qantas is offering special fares for flights on the new routes from $129 one-way for periods of travel between April and October, available at qantas.com or through Travel Agents, until 11:59pm 21 February 2021, unless sold out prior.
Qantas currently operates up to 20 return flights per week between Sydney and Ballina Byron Bay and 28 weekly return flights between Sydney and Coffs Harbour.
The announcement follows a suite of customer initiatives unveiled last week, including a boost to flexibility allowing unlimited flight changes until at least January 2022.
In the wake of the COVID-19 pandemic, Qantas has introduced a number of initiatives improve safety and peace-of-mind when travelling domestically through its Fly Well program, including masks on board, hand sanitising stations and enhanced aircraft cleaning.
MCLEAN, Virginia – Hilton Worldwide Holdings Inc. (“Hilton” or the “Company”) (NYSE: HLT) today reported its fourth quarter and full year 2020 results. The following results reflect the material impact that the novel coronavirus (“COVID-19”) pandemic has had on Hilton’s business. Highlights include:
- Diluted EPS was $(0.80) for the fourth quarter and $(2.56) for the full year, and diluted EPS, adjusted for special items, was $(0.10) for the fourth quarter and $0.10 for the full year
- Net loss was $225 million for the fourth quarter and $720 million for the full year
- Adjusted EBITDA was $204 million for the fourth quarter and $842 million for the full year
- System-wide comparable RevPAR decreased 59.2 percent and 56.7 percent on a currency neutral basis for the fourth quarter and full year, respectively, from the same periods in 2019
- Approved 18,700 new rooms for development during the fourth quarter, bringing Hilton’s development pipeline to 397,000 rooms as of December 31, 2020
- Opened 22,900 rooms in the fourth quarter, reaching the one million room milestone and contributing to 47,400 net additional rooms in Hilton’s system for the full year, which represented approximately 5.1 percent net unit growth from December 31, 2019
- As of February 10, 2021, 97 percent of Hilton’s system-wide hotels were open
- In December 2020, issued $1.9 billion of senior notes consisting of: (i) $800 million aggregate principal amount of 3.750% Senior Notes due 2029 and (ii) $1.1 billion aggregate principal amount of 4.000% Senior Notes due 2031; and used the net proceeds to redeem: (i) $1.0 billion in aggregate principal amount of outstanding 4.250% Senior Notes due 2024 and (ii) $900 million in aggregate principal amount of outstanding 4.625% Senior Notes due 2025
- In January 2021, repaid $250 million of the outstanding debt balance under the $1.75 billion senior secured revolving credit facility
- In February 2021, issued $1.5 billion aggregate principal amount of 3.625% Senior Notes due 2032 and used the net proceeds to redeem $1.5 billion in aggregate principal amount of outstanding 5.125% Senior Notes due 2026
Click the link below to view the full press release!
https://newsroom.hilton.com/assets/HWW/docs/2021/Q1/2020-Q4-Earnings-Release-FINAL.pdf