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Copa Airlines Reports $386 Million USD Loss For Q2 2020
Copa has now scheduled the restart of its regular commercial flights for September 4th, 2020.
Posted On August 7, 2020
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Copa Airlines Fined BY US Department of Transportation $450,000 For Illegal Flights Between US & Venezuela
The U.S. Department of Transportation fined Copa Airlines $450,000 for unlawfully transporting passengers between the United States and Venezuela via a stopover point. Copa was ordered to cease and desist from future similar violations.
Posted On June 23, 2020
72% Of All SIC Platform Complaints Against Airlines In Colombia Filed Against Avianca
Colombian air travel passengers have battled with airlines over fare refunds more than any other complaint during the Coronavirus COVID-19 Pandemic, according to the Superintendence of Commerce.
Posted On June 20, 2020
While The Global Aviation Industry Faces Crisis, Viva Air Remains In Growth Mode: Exclusive Interview With CEO Felix Antelo
Viva Air CEO Felix Antelo Tells Finance Colombia why the airline remains optimistic, and discusses its growth both domestically, and with new routes coming to the US, the Caribbean, & Ecuador.
Posted On May 17, 2020
Copa Airlines Announces Q1 2020 Profits Of $98.7 Million USD
For 1Q20, Copa Holdings reported net profit of US$74.3 million or earnings per share (EPS) of US$1.75, as compared to net profit of US$89.4 million or earnings per share of US$2.11 in 1Q19. Operating profit for 1Q20 came in at US$98.7 million, representing a 12.6% decrease from...
Posted On May 11, 2020
Viva Air Seeks Colombian Government Loan
Colombian airline Viva Air Group is seeking a bridge loan from the Colombian Government tu maintain liquidity during the Coronavirus COVID-19 Pandemic
Posted On May 5, 2020
New Copa Notes To Pay 4.5%
Copa Airlines' new notes will be senior, unsecured obligations of Copa and will accrue interest at a rate of 4.50% per annum, payable semi-annually in arrears on April 15 and October 15 of each year, beginning on October 15, 2020
Posted On April 28, 2020
Copa Airlines Raising $350 Million USD War Chest Via Private Notes Offering
Copa is raising $350 million USD due 2025, presumably to prepare itself for the Coronavirus-related economic downturn.
Posted On April 27, 2020
Avianca Says It May Not Survive
Avianca has revealed "that substantial doubt exists as to our ability to continue as a going concern.” United Airlines said “As a consequence, we may not realize a satisfactory (or any) return on our invested or loaned funds" to Avianca & affiliates.
Posted On April 27, 2020
Interview: Will Avianca & LATAM Airlines Survive? Standard & Poor’s Analysts Weigh In
Finance Colombia arranged a meeting with key analysts with Standard & Poor to understand how this might play out for LATAM and Avianca, the two full service carriers that operate domestic routes in Colombia.
Posted On April 18, 2020
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