Three U.S. airlines on Wednesday warned of higher fuel costs in the third quarter due to a jump in crude prices, adding to pressures the industry faces from expensive labor contracts.
25.08.2023 - 14:07 / skift.com / Latin America / Edward Russell / Airlines
Mexican regional airline Aeromar closed its doors on Wednesday after it failed to reach a deal with creditors or secure new capital.
The airline was a small player in Mexico’s aviation market, flying less than 1 percent of the country’s domestic seats in February, according to Diio by Cirium schedules. However, flying smaller ATR turboprops, it lacked competition on many of its routes. For example, from Mexico City Aeromar was the only airline serving Colima, Ciudad Victoria, Ixtepec, McAllen, Piedras Negras, and Tepic, Diio data show.
Aeromexico, Viva Aerobus, and Volaris — the three airlines that dominate Mexico’s domestic market — have all offered to assist travelers stranded by Aeromar’s collapse.
Aeromar said in a statement that it planned to liquidate its assets, which include 10 aircraft.
The airline’s collapse is the latest in a volatile recovery for airlines in Latin America. Three of the region’s largest — Aeromexico, Avianca, and Latam Airlines — all restructured under U.S. Chapter 11 protection during the pandemic. Mexico’s fourth largest airline, InterJet, collapsed in December 2020. And Colombia’s Viva Air filed for the local equivalent of bankruptcy earlier in February; the airline may also be the subject of a bidding war between Avianca, Latam, and Chile’s JetSmart.
A través de este comunicado de prensa, compartimos la postura oficial sobre el cese de operaciones de Aeromar. pic.twitter.com/R0zDBdlgA8
Three U.S. airlines on Wednesday warned of higher fuel costs in the third quarter due to a jump in crude prices, adding to pressures the industry faces from expensive labor contracts.
There are problems at two of the nation’s top five airlines. Labor problems.
When travelers buy an airplane ticket, they’re often made aware of the carbon emissions from their trip. Google Flights and some airlines give fliers an estimate when they check fares, and carriers like British Airways and Qantas offer customers the option to buy carbon offsets or contribute to a “climate fund” in the booking process.
There are rules and regulations set by the Department of Transportation over this sort of thing.
Southwest Airlines recently made changes to its pre-flight boarding policies by limiting the options for passengers to purchase a better spot in line for an extra fee.
Hurricane Idalia is barreling toward the Florida Gulf Coast and is expected to make landfall as a major hurricane on Wednesday and disrupting travel up and down the coast.
There is a shortage of a critical skilled labor group needed to keep America’s airlines flying: Pilots, particularly captains, are in short supply and that’s resulting in fewer flights to some of the smallest cities across the country.
The deadly wildfires on the island of Maui are likely to affect visitor — and airline — demand to the island for the “foreseeable future,” analysts at T.D. Cowen said Friday.
The Avianca and Viva Air merger has hit a major roadblock with Colombian authorities objecting to the proposed combination. The move could be a blow to Avianca’s plan to create a pan-South American airline group with Brazil’s Gol.
Southwest Airlines will pay a dividend to its shareholders of record as of January 10, 2023. This may not seem like a notable move for a carrier that has paid dividends for most of 50-plus year existence but it is: Southwest will be the first U.S. airline to resume shareholder returns since the pandemic.
The Mexican government signed a deal with several aviation unions Friday to purchase the brand of the defunct Mexicana airline for 811.1 million Mexican pesos ($42.41 million), a union spokesman told Reuters.
Good morning from Skift. It’s Friday, December 30, and here’s what you need to know about the business of travel today.