Jim Bondoux Posted April 26, 2020 Share Posted April 26, 2020 Subject to obtaining the required approvals, COPA's tentative plan is to restart flying on June 1, with 50 destinations served at the outset. The preliminary weekly schedule was published today by La Prensa: the table notes destination cities and the number of weekly flights planned for each. Quote Link to comment Share on other sites More sharing options...
Ted Webb Posted April 26, 2020 Share Posted April 26, 2020 Thank you for the list sir. My wife and I will be retiring soon and traveling in Panama. Quote Link to comment Share on other sites More sharing options...
Pat Kehm Posted April 26, 2020 Share Posted April 26, 2020 Copa is not flying to US? Quote Link to comment Share on other sites More sharing options...
Moderators Moderator_02 Posted April 30, 2020 Moderators Share Posted April 30, 2020 On 4/26/2020 at 5:01 PM, Pat Kehm said: Copa is not flying to US? Not true. Look at the list of cities to be serviced. Quote Link to comment Share on other sites More sharing options...
Moderators Moderator_02 Posted April 30, 2020 Moderators Share Posted April 30, 2020 Quote Copa boosts liquidity with $350 million bond issue Posted 29/04/2020 Copa Holdings, the parent company of Copa Airlines and Wingo, obtained financing of more than $645 million this month to face the effects of the coronavirus (Covid-19) pandemic On Tuesday, April 28 the company that has a fleet of 102 aircraft parked at Tocumen International Airport, obtained $350 million from a bond issue at an annual rate of 4.5% with maturity in 2025. Interest will be paid semi-annually on April 15 and October 15 of each year, beginning in October 2020. "The notes will mature on April 15, 2025, unless they are repurchased, exchanged or converted before October 15, 2024," the airline group said. Pedro Heilbron, executive president of Copa Airlines said: "It reflects the severity with which this situation has impacted us, since we have not received income since mid-March while maintaining high fixed costs." Copa Holdings estimates that if it continues without income for the rest of the year, as has happened since March 22 it will have to allocate or 'burn', $82 million a month in fixed expenses. In addition to the $350 million dollars placed Tuesday, the company obtained in April $145 million in loans and another $150 million in unsecured credit lines. According to preliminary data for the first quarter of the year, Copa Holdings' revenues decreased 11.4% to $595.5 million, which left an operating profit of $98.7 million. At the start of the month, the company projected that over the next two years, income will fall 70%, about $2 billion dollars. The airline is in negotiation with the five unions that represent 60% of its workers, that have rejected the voluntary retirement plan proposed by the company and the suspension of contracts from May. Copa Airlines announced last week that if there are no new travel restrictions in the region, it will resume operations on June 1. Given the low demand in the coming months, it will only be operating only 12% of its fleet. Before the pandemic, the airline performed 350 operations a day. https://www.newsroompanama.com/business/copa-boosts-liquidity-with-350-million-bond-issue Quote Link to comment Share on other sites More sharing options...
Moderators Moderator_02 Posted July 29, 2020 Moderators Share Posted July 29, 2020 Quote Copa se ve obligada a cambiar planes de reinicio La reactivación de los vuelos comerciales será tímida debido a las secuelas que ha dejado la Covid-19. La empresa ofrece nuevos planes de retiro a sus trabajadores tras la paralización decretada desde el 22 de marzo pasado. Alex E. Hernández V. 29 jul 2020 - 12:00 AM Para finales de 2020 la aerolínea estima que operará al 30% de su capacidad, un cálculo inferior al realizado hace 4 meses cuando se proyectaba que se alcanzaría el 40% para fin de año. Archivo A medida que la pandemia respiratoria del coronavirus (Covid-19) continúa avanzando por todo el país, el panorama del sector aéreo y turístico panameño se hace menos alentador. Luego que la Autoridad Aeronáutica Civil (AAC) extendió por cuarta ocasión la suspensión que pesa desde marzo sobre la aviación comercial, la aerolínea Copa Airlines recortó su estimación sobre el número de aviones que utilizará una vez reinicie sus operaciones. Antes que la AAC extendiera hasta el 22 de agosto el cierre del Aeropuerto Internacional de Tocumen, Copa proyectaba que el 7 de agosto regresaría con el 10% de su flota, lo que es el equivalente a unos 10 aviones, pero ahora redujo el número de aeronaves que utilizará durante la primera etapa de reinicio de sus vuelos. Esto significa que de las 102 aeronaves componen la flota de la empresa, entre 3 y 4 entrarían en operación desde el 5 de septiembre, que es la fecha fijada por la compañía aérea para regresar a los cielos. Voceros de la aerolínea comentaron que de iniciar operaciones después del 4 de septiembre, los vuelos sólo se realizarán los días viernes y domingos por un espacio de dos semanas y que no sería hasta octubre que retomarán los vuelos diarios, pero de forma reducida. Antes del cierre del espacio aéreo panameño a los vuelos comerciales, Copa Airlines realizaba 350 operaciones diarias entre despegues y aterrizajes desde Tocumen. Esta operación estaba dividida en 6 bancos o grupos de entrada y salida a lo largo del día, pero este número caerá a 2 bancos en el mes de octubre, según los nuevos cálculos. En un comunicado enviado a su planilla de trabajadores, la empresa informó que para el mes de diciembre estaría alcanzado el 30% de su capacidad, y no el 40% que se proyectó a inicios de la pandemia. Además, el coronavirus aceleró el plan de retiro que había confeccionado Copa de su flota de aviones Embraer y Boeing 737-700, que suman 28 aeronaves. Pedro Heilbron, director ejecutivo de Copa Airlines, ha señalado que la empresa quedará con aviones suficientes para atender la demanda después de la pandemia. La Asociación Internacional de Transporte Aéreo (IATA), ha informado que la recuperación del tráfico aéreo a los niveles previos de la pandemia tomará entre 3 y 4 años. La IATA estima que en el primer semestre del año, el sector aéreo, que junto con el turismo aporta el 14% del producto interno bruto, unos 8 mil 500 millones de dólares, perdió más de 820 millones de dólares. Copa Holdings, tenedora de las acciones de Copa Airlines y Wingo, todavía no ha actualizado su proyección de ingresos para 2020, pero todo apunta a que la caída será mayor a los 2 mil millones de dólares previstos hace 4 meses. En junio, Copa Airlines informó que de los 89 destinos a los que volaba de forma directa desde Panamá antes de la Covid-19, solo estaría operando 25 en la primera fase de reinicio, pero esta lista también registrará cambios ante la reducción en el número de aviones que utilizará la empresa desde el mes de septiembre. Esto, si la AAC no extiende por quinta ocasión la suspensión sobre los vuelos comerciales. De los principales mercados de Copa, Colombia continuará cerrado hasta el 31 de agosto, mientras que Argentina abrirá sus fronteras el 1 de septiembre. Brasil, México, Estados Unidos no cerraron sus espacios aéreos a la aviación comercial, mientras que Costa Rica anunció que desde el primero de agosto solo recibirá vuelos procedentes de Alemania y España, en un intento de reactivar su industria turística. Cada país ha demostrado una estrategia distinta respecto al control del brote y la trazabilidad de los casos de la Covid-19, lo que se ve reflejado en las medidas económicas. Reducción laboral Desde el mes de mayo Copa Airlines se acogió al decreto 81 del 20 de marzo que permite la suspensión de contratos en el marco de la pandemia respiratoria. En Panamá la empresa tiene una planilla de 7 mil colaboradores, número que supera la necesidad de trabajadores que se necesitarán para retomar las operaciones comerciales. Bajo este escenario, Cristóbal Sousa, secretario general de la Federación Nacional de Trabajadores de la industria Aeroportuaria, comentó que la compañía presentó una segunda fase de su programa de retiro voluntario con el fin de reducir el tamaño de la fuerza laboral. En mayo, la empresa reportó que en la primera etapa del programa mil 500 trabajadores acordaron modificar su estatus laboral. De este total, 800 optaron por salir de la compañía, mientras que otros 700 se acogieron a licencias sin sueldo por un periodo de 6 meses. En la nueva fase del programa de retiro, la empresa está ofreciendo el pago de la indemnización al 100%; dos meses de salario, pago de seguro de vida por un año, vale de 300 dólares por seis meses, 15 boletos aéreos y prioridad en el proceso de recontratación una vez se normalice la demanda de pasajeros. Antes de la pandemia, era impensable que una empresa con el músculo financiero de Copa Airlines tomaría tales decisiones. Moderator comment: Below is an unedited automated translation of the above news article. Quote Copa is forced to change restart plans The revival of commercial flights will be timid due to the aftermath left by Covid-19. The company offers new retirement plans to its workers after the stoppage decreed since last March 22. Alex E. Hernández V. Jul 29, 2020 - 12:00 AM <<D4ISFV5X7VE5FCSQX5BMSJMXDQ.jpg>> By the end of 2020, the airline estimates that it will operate at 30% of its capacity, a lower calculation than that made 4 months ago when it was projected to reach 40% by the end of the year. Archive As the coronavirus respiratory pandemic (Covid-19) continues to advance throughout the country, the outlook for the Panamanian airline and tourism sector becomes less encouraging. After the Civil Aviation Authority (AAC) extended for the fourth time the suspension that weighs since March on commercial aviation, the airline Copa Airlines cut its estimate on the number of aircraft it will use once it restarts its operations. Before the AAC extended the closure of Tocumen International Airport until August 22, Copa projected that on August 7 it would return with 10% of its fleet, which is the equivalent of about 10 aircraft, but now it has reduced the number of aircraft that will be used during the first stage of restarting their flights. This means that of the 102 aircraft that make up the company's fleet, between 3 and 4 would come into operation from September 5, which is the date set by the airline to return to the skies. Spokesmen for the airline commented that if operations begin after September 4, the flights will only be carried out on Fridays and Sundays for a period of two weeks and that it would not be until October that they will resume daily flights, but in a reduced way. Before the closure of Panamanian airspace to commercial flights, Copa Airlines carried out 350 daily operations between takeoffs and landings from Tocumen. This operation was divided into 6 banks or groups of entry and exit throughout the day, but this number will fall to 2 banks in the month of October, according to new calculations. In a statement sent to its payroll, the company reported that by December 30% of its capacity would be reached, and not the 40% that was projected at the beginning of the pandemic. In addition, the coronavirus accelerated the withdrawal plan that Copa had drawn up from its fleet of Embraer and Boeing 737-700 aircraft, which number 28 aircraft. Pedro Heilbron, executive director of Copa Airlines, has indicated that the company will have enough planes to meet demand after the pandemic. The International Air Transport Association (IATA) has reported that recovery of air traffic to the previous levels of the pandemic will take between 3 and 4 years. IATA estimates that in the first half of the year, the airline sector, which together with tourism contributes 14% of the gross domestic product, about $ 8.5 billion, lost more than $ 820 million. Copa Holdings, holder of the shares of Copa Airlines and Wingo, has not yet updated its revenue projection for 2020, but everything indicates that the fall will be greater than the 2 billion dollars expected 4 months ago. In June, Copa Airlines reported that of the 89 destinations it was flying to directly from Panama prior to Covid-19, only 25 would be operating in the first phase of restart, but this list will also record changes due to the reduction in the number. of aircraft to be used by the company since September. This, if the AAC does not extend the suspension on commercial flights for the fifth time. Of the main Copa markets, Colombia will continue to be closed until August 31, while Argentina will open its borders on September 1. Brazil, Mexico, the United States did not close their airspace to commercial aviation, while Costa Rica announced that from August 1 it will only receive flights from Germany and Spain, in an attempt to revive its tourism industry. Each country has demonstrated a different strategy regarding the control of the outbreak and the traceability of Covid-19 cases, which is reflected in the economic measures. Work reduction Since May, Copa Airlines has accepted Decree 81 of March 20, which allows the suspension of contracts in the context of the respiratory pandemic. In Panama, the company has a payroll of 7 thousand employees, a number that exceeds the need for workers that will be needed to resume business operations. Under this scenario, Cristóbal Sousa, general secretary of the National Federation of Airport Industry Workers, commented that the company presented a second phase of its voluntary retirement program in order to reduce the size of the workforce. In May, the company reported that in the first stage of the program 1,500 workers agreed to modify their employment status. Of this total, 800 chose to leave the company, while another 700 took leave without pay for a period of 6 months. In the new phase of the retirement program, the company is offering 100% compensation payment; two months salary, payment of life insurance for one year, worth 300 dollars for six months, 15 air tickets and priority in the rehire process once passenger demand is normalized. Before the pandemic, it was unthinkable that a company with Copa Airlines' financial muscle would make such decisions. https://www.prensa.com/impresa/economia/copa-se-ve-obligada-a-cambiar-planes-de-reinicio/ Quote Link to comment Share on other sites More sharing options...
Hil Posted July 30, 2020 Share Posted July 30, 2020 I'm thinking MAYBE October. Logic, virus numbers keep going up.. Quote Link to comment Share on other sites More sharing options...
Moderators Moderator_02 Posted September 19, 2020 Moderators Share Posted September 19, 2020 Quote Copa Airlines vende a la australiana Alliance Airlines su flota de 14 Embraer Copa dijo en una declaración pública que se estima que para junio del 2021 se concretará "la entrega total de la flota de 14 aeronaves" Por EFE ServiciosActualizado 18/09/2020 17:35 Copa Airlines vende a la australiana Alliance Airlines su flota de 14 Embraer.Cedida Copa Airlines vendió a la australiana Alliance Airlines sus 14 aviones Embraer 190, como parte de las medidas para ajustar el tamaño de su flota a la demanda reducida de viajes ocasionada por los efectos de la pandemia de la COVID-19 en la industria aérea, informó este viernes la compañía panameña. El primero de estos aviones, con matrícula HP-1569, partió este viernes desde el aeropuerto internacional de Tocumen, el principal de Panamá y un importante centro de conexiones regional, hacia San José, Costa Rica, donde lo recibirán pilotos de la aerolínea Alliance Airlines, quienes la llevarán a su destino final en Australia. Copa dijo en una declaración pública que se estima que para junio del 2021 se concretará "la entrega total de la flota de 14 aeronaves Embraer 190 vendida a Alliance Airlines", que tiene su sede en Brisbane, Australia. En 2005 Copa Airlines se convirtió en la primera aerolínea en Latinoamérica y la segunda en el mundo en integrar a su flota los modernos Embraer 190, una flota que le permitió a la aerolínea panameña conectar a ciudades más pequeñas con el resto del continente. "El Embraer-190 nos permitió llevar servicio internacional de calidad a nuevas ciudades que no estaban conectadas con el resto del continente, brindándoles mayores oportunidades para el desarrollo comercial y crecimiento turístico", comentó el presidente ejecutivo de Copa Airlines, Pedro Heilbron. Incluir esta aeronave a la flota "fue una de las decisiones más importantes" de Copa Airlines, debido a que impulsó el crecimiento de la empresa "por 15 años y contribuyó a convertir a Panamá en el país mejor conectado de la región", agregó. "Con esta despedida, la Aerolínea inicia un proceso de ajuste del tamaño de su flota a una demanda reducida de viajes que se espera para los siguientes años, debido a los efectos de la COVID-19 en la industria aérea y en las economías de la región". En el marco de la crisis por la pandemia, que en el segundo trimestre de 2020 causó una pérdida neta de 386 millones de dólares a la aerolínea, Copa había anunciado meses atrás su decisión de vender la flota de Embraer y de dejar en tierra 16 Boeing 737-700. "Los expertos coinciden que va a tomar por lo menos 4 años volver a los niveles anteriores de la pandemia. En nuestro caso, estimamos que para finales de 2020 estaremos aproximadamente al 30 % de nuestra capacidad que solíamos tener pre COVID-19. Para el 2021, estimamos operar poco más del 40 %, es decir, vamos a estar a menos de la mitad de lo que teníamos", le dijo Heilbron a EFE en una entrevista en agosto pasado. Moderator comment: Below is an unedited automated translation of the above news article. Quote Copa Airlines sells its fleet of 14 Embraers to Australia's Alliance Airlines Copa said in a public statement that it is estimated that by June 2021 "the total delivery of the fleet of 14 aircraft" will be completed. By EFE Services Updated 09/18/2020 5:35 PM <<5f653641251e3.jpeg>> Copa Airlines sells its fleet of 14 Embraers to the Australian Alliance Airlines. Copa Airlines sold its 14 Embraer 190 aircraft to Australia's Alliance Airlines, as part of the measures to adjust the size of its fleet to the reduced demand for travel caused by the effects of the COVID-19 pandemic in the airline industry, it reported. this Friday the Panamanian company. The first of these aircraft, with registration HP-1569, departed this Friday from Tocumen international airport, the main one in Panama and an important regional connection center, to San José, Costa Rica, where it will be received by pilots from Alliance Airlines. , who will take it to its final destination in Australia. Copa said in a public statement that it is estimated that by June 2021 "the total delivery of the fleet of 14 Embraer 190 aircraft sold to Alliance Airlines", which is based in Brisbane, Australia, will be completed. In 2005 Copa Airlines became the first airline in Latin America and the second in the world to integrate the modern Embraer 190 into its fleet, a fleet that allowed the Panamanian airline to connect smaller cities with the rest of the continent. "The Embraer-190 allowed us to bring quality international service to new cities that were not connected to the rest of the continent, providing them with greater opportunities for business development and tourism growth," said Copa Airlines CEO Pedro Heilbron. Including this aircraft in the fleet "was one of the most important decisions" of Copa Airlines, because it boosted the company's growth "for 15 years and contributed to making Panama the best-connected country in the region," he added. "With this farewell, the Airline begins a process of adjusting the size of its fleet to a reduced demand for travel that is expected for the following years, due to the effects of COVID-19 in the airline industry and in the economies of the region". In the context of the crisis due to the pandemic, which in the second quarter of 2020 caused a net loss of 386 million dollars to the airline, Copa had announced months ago its decision to sell the Embraer fleet and to land 16 Boeing 737-700. "Experts agree that it will take at least 4 years to return to the previous levels of the pandemic. In our case, we estimate that by the end of 2020 we will be approximately 30% of our capacity that we used to have pre COVID-19. In 2021, we estimate to operate just over 40%, that is, we will be less than half of what we had, "Heilbron told EFE in an interview last August. https://www.laestrella.com.pa/economia/200918/copa-airlines-vende-australiana-alliance-airlines-flota-14-embraer Quote Link to comment Share on other sites More sharing options...
Moderators Moderator_02 Posted September 19, 2020 Moderators Share Posted September 19, 2020 Quote Copa Airlines almacenará aviones fuera de Panamá La compañía aérea enviará 16 aviones al desierto de Nuevo México, donde el clima seco evita el deterioro de las aeronaves. Otro grupo estará en aeropuertos cercanos a Panamá. Alex E. Hernández V. 19 sep 20 20 - 12:00 AM Pedro Heilbron, director ejecutivo de Copa Airlines, comentó que la empresa está registrando una ocupación del 60% en los vuelos que viene operando desde el 14 de agosto, en Tocumen. Agustín Herrera Copa Airlines está moviendo sus fichas para enfrentar la recuperación del sector aéreo y la demanda de viajes internacionales, que en opinión de la Asociación Internacional de Tráfico Aéreo (IATA), será costosa y lenta. Las proyecciones más optimistas indican que será hasta 2024 que la industria aérea regresará a los índices de demanda y tráfico que existían antes del estallido de la pandemia respiratoria del coronavirus (Covid-19), que se estima dejará pérdidas por 18 mil millones de dólares a las líneas aéreas en Latinoamérica. Basada en sus propias estimaciones que apuntan a lograr una operación del 40% para fin de año, Copa Airlines enviará 16 aeronaves al desierto de Roswell, Nuevo México, Estados Unidos, donde permanecerán por un año en almacenamiento. Adicional, la compañía aceleró la venta de otras 28 aeronaves, y mantendrá estacionadas en el corto plazo otras 52 unidades. Pedro Heilbron, director ejecutivo de Copa Airlines, comentó que un número importante de las 52 aeronaves serán enviadas a otros aeropuertos de la región y a medida que la demanda vaya creciendo se irán activando. “Es más fácil tenerlas cerca de Panamá en caso de necesitar más capacidad, que enviarlas a Estados Unidos”, comentó. Ante la pregunta de por qué enviar esas aeronaves fuera del país, Heilbron explicó que en Panamá no existe el marco tarifario de largo plazo como el que requiere la compañía; solo está vigente el de corta estancia. Agregó que en el caso de las 16 aeronaves que serán enviadas a Estados Unidos, el clima del desierto no afecta la estructura y sistema de las aeronaves, como ocurre en Panamá con la humedad y la lluvia. Para el almacenamiento en el International Air Center, localizado en el desierto, Copa Airlines contrató a un proveedor de servicio especializado, que será responsable de hacer el mantenimiento de preservación requerido para estas aeronaves, cumpliendo con los más altos estándares de calidad y seguridad. Heilbron comentó que esta semana se despacharon los dos primero aviones hacia el desierto, operación que se hará en simultáneo con el traslado de los 14 aviones Embraer 190 que Copa vendió a la aerolínea australiana Alliance Airlines, transacción que se cerró en agosto pasado. Bolívar Domínguez, vicepresidente de operación de vuelo de Copa Airlines, comentó que los Embraer 190 serán enviados cada 21 días a Costa Rica, hasta completar la operación de traslado en junio de 2021. El primer Embraer fue despachado ayer desde el hangar de Copa Airlines, ubicado en la terminal de carga del Aeropuerto Internacionoal de Tocumen. La empresa Alliance Airlines contrató en Costa Rica los servicios de la Cooperativa Autogestionaria de Servicios Aeroindustriales (Coopesa), que se encargará de pintar la nueva imagen que tendrán las aeronaves antes de emprender su viaje hasta Australia, específicamente, al aeropuerto Internacional de Brisbane en Queensland, donde la compañía tiene su base de operación. Durante los 15 años de servicio dentro de la flota de Copa Airlines, los Embraer 190 realizaron 28 mil vuelos, lo que representó 57 mil horas de vuelo, el equivalente a 41 viajes de ida y vuelta a la luna. Heilbron comentó que este modelo hizo crecer el hub de conexiones de Tocumen, porque permitió llegar a ciudades pequeñas en Latinoamérica, que al día de hoy seguirían desconectadas del resto de la región, si no hubiese sido por el costo beneficio que ofrece este modelo de avión. En cuanto a la venta de los 14 modelos Boeing 737-700, el director ejecutivo de Copa Airlines comentó que todavía continúan negociando con los interesados en adquirir las aeronaves. “Hasta fin de año estaremos operando con 10% de nuestra flota y todas las semanas estamos agregando nuevos destinos, pero es difícil proyectar cómo será la demanda de vuelos internacionales en el corto y mediano plazo”, agregó. La empresa declaró una pérdida de $386 millones para el segundo trimestre de 2020, luego que sus ingresos se desplomaron hasta los $14 millones. En el primer trimestre de 2020, Copa había anotado ingresos por $595.5 millones y una utilidad de $74 millones. Demanda Copa Airlines ha incrementado el número de frecuencias desde que comenzó a operar el “mini hub de conexiones controlado”, habilitado por el Gobierno para facilitar la entrada y salida de panameños y residentes. A la fecha, la empresa ofrece conexiones a 14 destinos y en octubre agregará 12 nuevas frecuencias. La empresa está registrando una ocupación superior al 60% y en los vuelos desde y hacia Panamá, la conexión con mayor demanda es Miami y Nueva York, Estados Unidos. Moderator comment: Below is an unedited automated translation of the above news article. Quote Copa Airlines will store planes outside of Panama The airline will send 16 planes to the New Mexico desert, where the dry weather prevents the aircraft from deteriorating. Another group will be in airports near Panama. Alex E. Hernández V. 19 Sep 20 20 - 12:00 AM <<cup assets.jpg>> Pedro Heilbron, executive director of Copa Airlines, commented that the company is registering an occupancy of 60% in the flights that have been operating since August 14, in Tocumen. Agustin Herrera Copa Airlines is moving its chips to face the recovery of the air sector and the demand for international travel, which in the opinion of the International Air Traffic Association (IATA), will be expensive and slow. The most optimistic projections indicate that it will be until 2024 that the airline industry will return to the demand and traffic indices that existed before the outbreak of the coronavirus (Covid-19) respiratory pandemic, which is estimated to leave losses of 18 billion dollars to airlines in Latin America. Based on its own estimates that aim to achieve a 40% operation by the end of the year, Copa Airlines will send 16 aircraft to the Roswell desert, New Mexico, United States, where they will remain for a year in storage. Additionally, the company accelerated the sale of another 28 aircraft, and will keep another 52 units parked in the short term. Pedro Heilbron, executive director of Copa Airlines, commented that a significant number of the 52 aircraft will be sent to other airports in the region and as demand grows they will be activated. "It is easier to have them near Panama in case you need more capacity than to send them to the United States," he said. When asked why send these aircraft out of the country, Heilbron explained that in Panama there is no long-term tariff framework like the one required by the company; only the short stay is valid. He added that in the case of the 16 aircraft that will be sent to the United States, the desert climate does not affect the structure and system of the aircraft, as occurs in Panama with humidity and rain. For storage at the International Air Center, located in the desert, Copa Airlines hired a specialized service provider, which will be responsible for doing the required preservation maintenance for these aircraft, complying with the highest quality and safety standards. Heilbron commented that this week the first two planes were dispatched to the desert, an operation that will be carried out simultaneously with the transfer of the 14 Embraer 190 planes that Copa sold to the Australian airline Alliance Airlines, a transaction that was closed last August. Bolívar Domínguez, vice president of flight operations for Copa Airlines, commented that the Embraer 190s will be sent every 21 days to Costa Rica, until the transfer operation is completed in June 2021. The first Embraer was dispatched yesterday from the Copa Airlines hangar, located in the cargo terminal of the Tocumen International Airport. The Alliance Airlines company hired in Costa Rica the services of the Cooperativa Autogestaria de Servicios Aeroindustriales (Coopesa), which will be in charge of painting the new image that the aircraft will have before embarking on their trip to Australia, specifically, to Brisbane International Airport in Queensland , where the company has its base of operation. During the 15 years of service within the Copa Airlines fleet, the Embraer 190s made 28 thousand flights, which represented 57 thousand flight hours, the equivalent of 41 round trips to the moon. Heilbron commented that this model made the Tocumen connections hub grow, because it allowed reaching small cities in Latin America, which today would continue to be disconnected from the rest of the region, had it not been for the cost benefit offered by this aircraft model . Regarding the sale of the 14 Boeing 737-700 models, the CEO of Copa Airlines commented that they are still negotiating with those interested in acquiring the aircraft. "Until the end of the year we will be operating with 10% of our fleet and every week we are adding new destinations, but it is difficult to project how the demand for international flights will be in the short and medium term," he added. The company reported a loss of $ 386 million for the second quarter of 2020, after its revenue plummeted to $ 14 million. In the first quarter of 2020, Copa had posted revenue of $ 595.5 million and a profit of $ 74 million. Demand Copa Airlines has increased the number of frequencies since the “mini controlled connection hub” began to operate, set up by the Government to facilitate the entry and exit of Panamanians and residents. To date, the company offers connections to 14 destinations and in October it will add 12 new frequencies. The company is registering an occupancy of more than 60% and on flights to and from Panama, the connection with the highest demand is Miami and New York, United States. https://www.prensa.com/impresa/economia/copa-airlines-almacenara-aviones-fuera-de-panama/ Quote Link to comment Share on other sites More sharing options...
Moderators Moderator_02 Posted September 19, 2020 Moderators Share Posted September 19, 2020 Quote Copa Airlines resumes operations from Orlando Copa Airlines By Cindy Barth – Editor, Orlando Business Journal Sep 7, 2020, 10:26am EDT After five months of disrupted travel service as a result of the Covid-19 pandemic, Panama-based Copa Airlines announced plans to resume operations from Orlando International Airport with connections to nine destinations in eight countries in the Americas. Initially, Copa will operate up to four weekly flights connecting from Orlando via Tocumen International Airport in Panama on: Sept. 4: Santo Domingo, Dominican Republic; Quito and Guayaquil, Ecuador; and Panama City, Republic of Panama Sept. 11: San Jose, Costa Rica; Santo Domingo, Dominican Republic; Quito and Guayaquil, Ecuador; Panama City, Republic of Panama and Montevideo, Uruguay Sept. 18 (two flights): San Jose, Costa Rica; Santo Domingo, Dominican Republic; Quito and Guayaquil, Ecuador and Panama City, Republic of Panama Sept. 23: Buenos Aires, Argentina; Sao Paulo, Brazil; Santiago de Chile, Chile and Panama City, Republic of Panama Sept. 24: Santo Domingo, Dominican Republic; Quito and Guayaquil, Ecuador and Panama City, Republic of Panama Sept. 25 (two flights): San Jose, Costa Rica; Santo Domingo, Dominican Republic; Quito and Guayaquil, Ecuador and Panama City, Republic of Panama The airline also noted that entry to Argentina, Chile, Panama, Costa Rica and Uruguay will only be allowed for nationals and residents that comply with the requirements determined by the local health authorities. “We hope that resuming our operations will help thousands of passengers who wish to return to their homes, reunite with their families, attend to health issues and important meetings, as well as family or professional commitments,” said Pedro Heilbron, CEO of Copa Airlines. “We continue working with governments across the region to expand the total number of destinations." https://www.bizjournals.com/orlando/news/2020/09/07/copa-airlines-resumes-operations-from-orlando.html Quote Link to comment Share on other sites More sharing options...
Moderators Moderator_02 Posted September 19, 2020 Moderators Share Posted September 19, 2020 Quote Copa begins transfers of planes sold to Aussie airline Posted 18/09/2020 Copa Airlines began the withdrawal of its 14 Embraer 190 model aircraft, on Friday, September 13 with the departure of the first to Costa Rica, where it will be delivered to pilots of the Alliance Airlines airline, who will take it to Australia, their final destination. In 2005, Copa Airlines became the first in Latin America and the second in the world to integrate the Embraer 190 into its fleet. It marked a milestone in the history of the Panamanian airline, allowing them to serve dozens of cities throughout the continent that did not have connectivity with the rest of America, providing them with more opportunities for commercial development and tourism growth. Since the beginning of the coronavirus pandemic, Copa Airlines has maintained its fleet of 102 aircraft parked in Tocumen, and it was not until August 14 that it began to offer flights within the controlled operation authorized by the Government to facilitate the entry of Panamanians and residents. . Between April and August the company carried out humanitarian and repatriation flights from the Tocumen International Airport. In addition to the retirement of the Embraer fleet, Copa will also retire 14 Boeing 737-700 aircraft. https://www.newsroompanama.com/business/copa-begins-transfers-of-planes-sold-to-aussie-airline Quote Link to comment Share on other sites More sharing options...
Moderators Moderator_02 Posted September 20, 2020 Moderators Share Posted September 20, 2020 Quote Copa expanding flights in October towards 40% operation Posted 19/09/2020 Copa Airlines aims to achieve a 40% operation by the end of the year meanwhile it will send 16 aircraft to the Roswell desert, New Mexico, United States, where they will remain in storage. Additionally, the company accelerated the sale of another 28 aircraft and will keep another 52 units parked in the short term at other airports in the region, and as demand grows they will be activated. The 16 aircraft are being sent to the United States because the desert climate does not affect the structure and system of the aircraft, as occurs in Panama with humidity and rain. A specialized service provider, which will be responsible for doing the required preservation maintenance. The first two planes were dispatched to the desert this week while the transfer of the 14 Embraer 190 planes that Copa sold to the Australian airline Alliance Airlines, began. Copa Airlines has increased the number of frequencies since the “controlled mini-hub of connections” began to operate, set up by the Government to facilitate the entry and exit of Panamanians and residents. To date, the company offers connections to 14 destinations and in October it will add 12 new frequencies. The company is registering an occupancy of more than 60% and on flights to and from Panama, the connection with the highest demand is Miami and New York, https://www.newsroompanama.com/travel/copa-expanding-flights-in-october-towards-40-operation Quote Link to comment Share on other sites More sharing options...
Moderators Moderator_02 Posted January 16, 2021 Moderators Share Posted January 16, 2021 Quote Tampa-Panama flights resume Friday, reopening routes to Central, South America Tampa International Airport’s flights to to Panama City had been suspended during the coronavirus pandemic. Copa Airlines will resume direct service from Tampa to Panama City, Panama on Jan. 8, 202 By Jay Cridlin Published Jan. 7 For Tampa-based travelers, the world is starting to reopen. Following a 10-month hiatus due to the coronavirus pandemic, Copa Airlines will resume its direct flights from Tampa International Airport to Panama City, Panama on Friday. The flights will initially run twice weekly. The resumption of direct flights to Panama also means new routes to Central and South America and the Caribbean, as Tampa travelers can be connected to 21 more cities in 12 additional countries. Among the connections that will available from Tampa via Copa Airlines: Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, the Dominican Republic, Ecuador, Peru, Guatemala and Uruguay. Travel safety and security requirements for specific destinations are available on copaair.com. “These flights will allow Copa Airlines to serve thousands of passengers who wish to return to their homes, reunite with their families, visit their favorite vacation destinations, address health issues, attend important meetings, family, or professional matters,” Pedro Heilbron, CEO of Copa Airlines said in a statement. Overseas travel from Tampa International Travel has been limited during the pandemic, but has picked up over the year. The airport currently offers direct flights to Cancun, Mexico on JetBlue and the Bahamas on Silver Airways. Flights to Montreal and Havana, Cuba took place in December before halting again until February and late March, respectively, due to tightened COVID-19 protocols. https://www.tampabay.com/news/business/2021/01/07/tampa-panama-flights-resume-friday-reopening-routes-to-central-south-america/ Quote Link to comment Share on other sites More sharing options...
For Tampa-based travelers, the world is starting to reopen. Following a 10-month hiatus due to the coronavirus pandemic, Copa Airlines will resume its direct flights from Tampa International Airport to Panama City, Panama on Friday. The flights will initially run twice weekly. The resumption of direct flights to Panama also means new routes to Central and South America and the Caribbean, as Tampa travelers can be connected to 21 more cities in 12 additional countries. Among the connections that will available from Tampa via Copa Airlines: Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, the Dominican Republic, Ecuador, Peru, Guatemala and Uruguay. Travel safety and security requirements for specific destinations are available on copaair.com. “These flights will allow Copa Airlines to serve thousands of passengers who wish to return to their homes, reunite with their families, visit their favorite vacation destinations, address health issues, attend important meetings, family, or professional matters,” Pedro Heilbron, CEO of Copa Airlines said in a statement. Overseas travel from Tampa International Travel has been limited during the pandemic, but has picked up over the year. The airport currently offers direct flights to Cancun, Mexico on JetBlue and the Bahamas on Silver Airways. Flights to Montreal and Havana, Cuba took place in December before halting again until February and late March, respectively, due to tightened COVID-19 protocols.
Moderators Moderator_02 Posted February 12, 2021 Moderators Share Posted February 12, 2021 Quote Copa Holdings $168.6 million fourth quarter revenue Posted 11/02/2021 Copa Holdings reported revenues of $158.6 million in the fourth quarter of 2020 far from the $681 million in the same period in 2019 but a huge improvement compared to the $32 million obtained in the third quarter of 2020. The $158.6 million surpassed the estimate of $ 155 million held by investors on Wall Street. The company's shares closed at $77.56, but in subsequent operations, they had fallen $1.37% once the balance for the fourth 2020 was known. Panama allowed the return of regular commercial flights on October 12, a situation that affected the finances of the air group that manages the operations of Copa Airlines and Wingo. In total, 2020 revenue closed at $801 million, a 70% drop compared to $2.707 billion the previous year. The fall in the company's income is in line with the decrease in passenger traffic reported by Tocumen SA last year, which closed at 72%. In its fourth-quarter report, Copa Holdings reported a loss of $85 million the months of October, November and December, while in the combined 12 months, the losses totaled $259 million after a profit of $336 million in 2019. In its report, Copa Holdings reported that last December it obtained from the Export-Import Bank of the United States a guaranteed loan fof $327.9 million that will be used to acquire seven Boeing 737 MAX 9 aircraft, of which four have already been delivered. https://www.newsroompanama.com/business/copa-holdings-1686-million-fourth-quarter-revenue Quote Link to comment Share on other sites More sharing options...
Moderators Moderator_02 Posted May 7, 2021 Moderators Share Posted May 7, 2021 Quote Regional covid-19 surge pounds Copa’s bottom line Posted 06/05/2021 The upturn in positive covid-19 cases in the region has limited the recovery of airlines, and Copa Holdings, the company that controls Copa Airlines and Wingo, posted a loss of $10.7 million or $2.68 per share during the first three months of 2021. The company had revenue of $185.7 million, a 68% decrease compared to the $595.5 million reported in the same first quarter of last year, when the health crisis and travel restrictions began to be felt. This year Copa Airlines has received 6 Boeing 737 MAX 9s and ended the first quarter with a total fleet of 81. In the last year, the company has sold its fleet of smaller aircraft to focus on the Boeing 737-800 and MAX 9. The company acknowledges that the rebound in positive cases in the region in 2021 caused countries such as Cuba, Brazil, Venezuela and Chile to establish new measures that affected the airline sector. "The pace of recovery of international travel within Latin America is still significantly hampered by travel restrictions and health requirements due to the Covid-19 pandemic," the company reported. The numbers reported by Copa Holdings did not exceed market expectations, which projected revenue of $187.9 million and a loss per share of $2.21 per share, according to estimates by the firm Zacks. https://www.newsroompanama.com/business/regional-covid-19-surge-pounds-copas-bottom-line Quote Link to comment Share on other sites More sharing options...
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