Aeromexico: Scheduled passenger capacity reduced by 86.9%
Grupo Aeromexico S.A.B. de C.V. today reported June 2020 operational results. Aeromexico’s capacity, measured in Available Seat Kilometers (ASKs), decreased by 74.5% year-on-year. During June Aeromexico operated a total of 81 profitable charter cargo operations, which represented 48.0% of the capacity deployed. Scheduled passenger capacity reduced by 86.9%. Grupo Aeromexico transported 243 thousand passengers in […]
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Jamaica Christmas in July Tradeshow Goes Virtual
One hundred and eighty three (183) manufacturers and artisans, have capitalized on the opportunity to display their locally-made corporate gift items for assessment, as they seek to secure their spot among the exhibitors at the first-ever virtual staging of the Jamaica Christmas in July Tradeshow. The local producers all participated in the assessment process at […]
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Munich Airport: Passenger volume shrinks by two thirds
After years of continuous traffic growth, the global spread of the coronavirus has caused passenger numbers at Munich Airport to drop again for the first time: Passenger volume fell by around 15 million to just under 7.8 million in the first half of 2020 – a reduction of two thirds compared to the previous year’s level. The […]
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Progress in Chapter 11 tranche financing for LATAM Airlines
LATAM Airlines Group S.A. (‘LATAM’) today presented the second tranche financing proposal to the Court of the Southern District of New York, as part of the Chapter 11 process. Tranche A amounts to US$1.3 billion that was committed by Oaktree Capital Management L.P. and its affiliates. This proposal must be reviewed and approved by the […]
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United Airlines Massive Furlough Brewing
Today, United Airlines informed operations leaders that half of the airline’s entire staff would be receiving notices of involuntary furloughs. Unfortunately the airline’s announcement just 3 weeks ago that it expects to have total available liquidity of approximately $17 billion at the end of the third quarter of 2020 does not appear to have come […]
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