Canada Jetlines Operations Ltd. has reported second quarter 2023 interim financial results. All financial figures are in Canadian dollars and in accordance with IFRS as presented in the interim financial statements.
Total operating revenues for the second quarter 2023 were $8.8 million as compared to $5.1 million in the previous quarter, an increase of 72.8%.
The company continues to increase the operation of charter and ACMI (Aircraft, Crew, Maintenance, and Insurance) flights generating $6.34 million this quarter as compared to $3.38 million in the previous quarter, representing...
Azores Airlines strengthens its international and domestic air operations to the city of Porto. This winter, Azores Airlines will operate six international multi-leg flights to Porto (via the Azores).
New weekly direct service from Toronto to Porto (same aircraft with a technical stop in Ponta Delgada) will commence in November, 2023. And summer 2024 (June through September) will feature weekly, non-stop flights from Toronto to Porto.
Toronto - Porto Schedule Highlights:
New Direct service: Nov. 2, 2023 to May 31, 2024
Same aircraft service with a technical stop in Ponta...
Air Transat will be offering direct flights to Lima, Peru, from both Montreal and Toronto this winter. This program expansion will create a new gateway to South America for fans of gastronomy, history and breathtaking natural sites, in addition to the flights already offered to Colombia.
Recently, the company also announced that it will be relaunching its route between Montreal and the tropical island of Cozumel, Mexico.
Michèle Barre, Transat's Chief Revenue Officer, said: “We are proud to add Lima to our portfolio of destinations on three continents. This strategic...
Air Canada today reported its second quarter 2023 financial results. With highlights including:
Operating revenues of $5.427 billion increased 36% from the second quarter of 2022
Operating income of $802 million, with an operating margin of 14.8%, compared to an operating loss of $253 million in the second quarter of 2022
Adjusted EBITDA of $1.220 billion, with adjusted EBITDA margin of 22.5%, an improvement of over $1 billion from the second quarter of 2022
Second quarter net cash flows from operating activities of $1.490 billion, and free cash flow of $965 million
...
With Canada's 2023 summer travel season continuing to see demand in excess of pre-pandemic levels, WestJet is reporting that the August Long Weekend was no exception.
The carrier flew over a quarter of a million guests, reporting a completion factor of 98.3% and an on-time performance of 66.2% of all flights throughout the August long weekend, as it continues to demonstrate continued operational improvements to support the travel plans of its guests.
Diederik Pen, WestJet Group Chief Operating Officer, said: “As we pass the halfway mark of summer, we are seeing our commitment to...
WestJet is expanding its winter schedule serving British Columbia's Lower Mainland, enhancing its sun and leisure connectivity from Vancouver International Airport to some of Mexico's most popular destinations.
Additionally, as part of its connectivity to Mexico, WestJet has added weekly non-stop service between Vancouver and Ixtapa.
Chris Avery, WestJet Vice-President, Network Planning, Alliances and Commercial Development, said: “We are thrilled to bring more opportunity for our guests across B.C.'s Lower Mainland to seamlessly connect to their favourite destinations...
Some six months after launching a schedule of cross-Canada routes with its new Embraer E195-E2 commercial jets, Porter Airlines is posting results that point to further expansion.
It is doing so with an aircraft that not only has many leading design efficiencies, but also features a two-stage Economy class service that aims to redefine the economy experience.
Porter brought the new aircraft and services to the Vancouver market as of early February this year, starting with three flights per day between Toronto and YVR. This was followed by Calgary (three round trips per day to YYZ)...
IATA reports that the post-COVID recovery momentum continued in June for passenger markets.
The global airline industry association’s latest figures show that:
Total traffic in June 2023 (measured in revenue passenger kilometres or RPKs) rose 31.0% compared to June 2022. Globally, traffic is now at 94.2% of pre-COVID levels. For the first half of 2023, total traffic was up 47.2% compared to the year-ago period.
Domestic traffic for June rose 27.2% compared to the same month a year ago and was 5.1% above the June 2019 results. Domestic demand was up 33.3% in the 2023 first...
Travelport has announced that New Distribution Capability (NDC) content from British Airways is now live on the Travelport+ platform.
With Travelport, British Airways is delivering simplified access to NDC content to agents, so that travel retailers can easily book and service NDC offers for their customers. The content is available as of today in the UK and Ireland and will be followed by a global rollout for Travelport+ users around the world.
Ian Romanis, British Airways’ Director of Retail and Customer Relationship Management, said: “We’re delighted that, together with...
Canada Jetlines Operations Ltd. has provide an update on key operating metrics with the aim to provide timely information to its shareholders.
On June 28, 2023, Canada Jetlines announced an increase of 265% in hours flown in Q2, 2023 over the hours flown in Q1 2023, the company is now reporting a new record of hours flown in July 2023 with 622 block hours flown in the month.
Eddy Doyle, Chief Executive Officer of Canada Jetlines, said: “We are pleased with the success the airline keeps achieving on this key operating metric and, with the addition of our third aircraft in August,...