facebook
linkedin
twitter
About Us
  • Economy
  • Banking
  • Securities
  • Insurance
  • Commodities
  • Public Sector
  • Tourism
  • Startup
  • Real Estate
  • Retail
  • Law & Justice
  • Events
copa airlines avianca colombia venezuela

Copa Airlines Renews Alliance, Codeshare Agreement with United Airlines

by Jared Wade
June 21, 2016
Comment: Off

Panama City-based Copa Airlines has renewed its codeshare agreement and general alliance with United Airlines for another five years. The two carriers will now formally retain their codesharing arrangement, frequent flyer reciprocity, and “preferential pricing on some services,” among other partnerships.

The announcement came late last month, just as Copa was experiencing a system-wide passenger traffic jump of 3.9%, in passenger revenue miles year over year, in May. Capacity decreased 0.3% in the month, however.

While this slight uptick does not offer a ton of help to an airline operating in a region that is still experiencing prolonged currency devaluations, it represents some good news in a tough market where revenue has been sagging. Copa’s passenger revenue fell from $2.62 billion USD in 2014 to just $2.17 billion USD in 2015, and its net income fell by almost 50% year over year. Even with some $200 million less spent on fuel costs during the year, the airline was unable to see growth.

In positive news, Copa has become the most reliable airline in Colombia. With 93% of its flights staying on schedule over the first half of 2015, it ranked first among all carriers operating in the country in terms of on-time performance. This was even better than the region-wide rate of 91% it posted. “Our passengers appreciate the fact that they can make fast, convenient, and comfortable connections,” said Pedro Heilbron, CEO of Copa Airlines, in a statement.

In all, Copa Holdings operates a fleet that services 76 destinations in 31 countries in the Americas and the Caribbean. In Colombia, Copa flies to Bogotá, Medellin, Cali, Cartagena, Barranquilla, Bucaramanga, Cucutá, and Pereira. Its first routes into the Andean nation began in 1992.

 

 

DON'T MISS OUT: The only English-language Colombia news that's strictly business, markets, & investment!
Join global executives & investors by subscribing to our FREE weekly updates
I agree to have my personal information transfered to MailChimp ( more information )
We will never spam you or share your email address ¡Nunca Jamás!
Share on FacebookShare on TwitterShare on Google+
Send to Kindle

Comments

comments

About the Author
Jared Wade is editor in chief of Finance Colombia. He is a Bogotá-based journalist with 15 years of experience covering topics including business, financial services, Latin America, and sports. Email him at jared.wade(at) financecolombia.com or follow him on Twitter at @Jared_Wade.
  • google-share

Related Posts

(Photo credit: Avianca)
off

Avianca Named Best Airline in South America at World Airline Awards

Posted On July 25, 2018
, By Jared Wade
Wingo Catalina Bretón Copa Holdings Copa Airline Colombia Semana Santa Bogota El Dorado International Airport
off

Discount Colombian Airline Wingo Partners with Worldpay for New Online Payments System

Posted On August 22, 2017
, By Jared Wade
copa airlines boeing 737 Max
off

Copa Airlines Orders 15 Boeing 737 MAX 10 Aircraft for Delivery in 2020

Posted On June 25, 2017
, By Jared Wade
Colombian Peso Exchange Rate



RECENT

POPULAR

COMMENTS

Cabify Secures $70 Million USD Loan from IDB Invest

Posted On February 8, 2019
Justin Trudeau in Canada (Photo credit: Adam Scotti / PMO)

Canada Pledges $40 Million USD in Aid for Venezuelans

Posted On February 5, 2019

Colombian President Duque Calls on Maduro to Step Down, Recognizes Opposition Head as Venezuela's Legitimate Leader

Posted On January 23, 2019
AV MRO (Photo credit: Avianca)

Avianca Transported more than 30.5 Million Passengers in 2018

Posted On January 23, 2019

Colombia-Based Tecnoglass Announces Joint Venture with Saint-Gobain, New Glass Factory

Posted On January 11, 2019
Homicide Crime Photo Courtesy Geralt Pixabay

Colombia's Homicide Rate Reaches 30 Year Low In 2014

Posted On January 5, 2015

Colombia Raises Monthly Minimum Wage To $644,350 (US $270 as of Jan.20) For 2015

Posted On January 20, 2015
Cartagena Shoreline - Photo Credit: Loren Moss ©2013

Cartagena Is New JetBlue Destination From Fort Lauderdale

Posted On January 1, 2015

Hilton Worldwide Launches Colombia's First Hilton Garden Inn, Barranquilla, Atlántico

Posted On January 7, 2015

Understanding Petroleum Production Acronyms, Phrases & Abbreviations

Posted On January 24, 2015

[…] Con el aumento, el el nuevo...

Posted On December 31, 2017

[…] Cardinal Compañía de Seguro...

Posted On March 30, 2017

[…] 2015, Hilton added a $210...

Posted On July 6, 2016

[…] company begin preparing to be...

Posted On July 2, 2016

[…] international airport...

Posted On June 18, 2016

Don’t Miss Out! Subscribe Now:

Watch This!

CONSIDER ADVERTISING WITH US



Newsletter

Contact Us

  1. Name *
    * Please enter your name
  2. Email *
    * Please enter a valid email address
  3. Message *
    * Please enter message
Copyright 2014-2018 Finance Colombia All Rights Reserved.