LATAM Airlines Group (LAN Airlines and TAM Airlines) (Santiago) reported operating income of $234.9 million (US) for fourth quarter 2013, a 166% increase compared to the $88.3 million (US) operating income in fourth quarter 2012. Operating margin reached 6.9%, an increase of 4.4 points compared to 2.5% in 2012. This strong expansion in margins was driven by significant improvement in the financial results of the domestic Brazil operations and the rationalization of international passenger operations, as well as the continued progress of the integration process, synergy and efficiency initiatives.
During the fourth quarter of the year, and in line with the capacity cuts we had anticipated, we strongly decreased our total capacity as measured in ASKs by 4.5% as compared to the same period in 2012. This capacity rationalization was mainly a result of a strong decrease in capacity in our international network, which decreased by 6.5% as compared to the same period in 2012; and the continued rationalization of our domestic Brazil operations.
For full year 2013, LATAM reported operating income of $643.9 million (US), a 605% increase compared to the $91.4 million (US) in full year 2012 (pro forma). Operating margin reached 4.9% an increase of 4.2 points compared to 0.7% in 2012, in line with the guidance provided by the Company.
Volaris (Controladora Vuela Compania de Aviacion, S.A.B. de C.V.) (Mexico City) has signed a letter of intent with a leading aircraft lessor for 16 aircraft, comprised of ten new A320neo and six new A321neo, driving fleet growth while significantly enhancing efficiency. These NEO aircraft, powered by Pratt Whitney’s PW1100G engines, will be delivered between 2016 and 2018, as summarized in the table below:
Total operating leases
These aircraft are in addition to the 50 aircraft under Volaris’ existing order and operating lease arrangements that are scheduled for delivery between 2014 and 2020. The following table shows the development of Volaris’ fleet from 2014 to 2020 pursuant to current contracts and pro forma for these operating leases:
Fleet Plan (net of expiring leases)
A320 & A320neo
Total fleet, pro forma
The transaction is subject to the conclusion of satisfactory final documentation and customary corporate approvals.
The A321 will be a new type with the low-fare airline.
Copyright Photo: James Helbock/AirlinersGallery.com. Airbus A320-2333 XA-VOM (msn 3624) with a “I fly OAK – a better way to SF Bay” promotional message, arrives in Los Angeles.
Volaris (Mexico City) on April 10 celebrated the delivery of its first Sharklet-equipped Airbus A320 with a special flight from Mexico City to Cancun. Volaris is the first Mexico-based operator of the new fuel-saving wing tip devices. This flight showcased the aircraft efficiency to official representatives from France, Germany, Spain and United Kingdom who were onboard and accompanied by Volaris and Airbus executives. The aircraft is powered by IAE engines.
The pictured Airbus A320-233 N519VL (msn 5510, ex D-AXAJ) was actually handed over to the carrier in March.
Sharklets are made from light-weight composites and are 2.4 meters tall. They are an option on new-build A320 Family aircraft and allow Airbus’ airline customers to reduce fuel burn up to four percent over longer sectors and reduce approximately 1,000 tons of CO2 emissions per aircraft per year. Sharklets offer operators the flexibility of either adding an additional 100 nautical miles range or increased payload capability of up to 450 kilograms.
Volaris has been the first carrier in Mexico to order the A320neo, with a purchase agreement for 44 aircraft, including 30 A320neo and 14 A320ceo. The airline, which has an all-Airbus fleet, currently operates 43 A320 Family aircraft and has a backlog of 48.
Sky Airline (Chile) (Santiago) took delivery of its first Airbus A320 on April 30 when ex-TACA A320-233 N484TA (msn 1523) arrived at the SCL base without any markings. The second, A320-233 N470TA (msn 1400), is due to arrive in about a week. The company has previously leased the type from Air Malta in the past.
LAN Airlines (Chile) (Santiago) has signed a contract for the purchase of 30 Airbus A320 Family aircraft to be delivered between 2011 and 2016.
The new aircraft will operate flights within Latin America as well as domestic routes in Argentina, Peru, Ecuador and Chile and will be used for the renewal and growth of the LAN’s short haul fleet. In addition to this purchase, LAN’s strategic fleet renewal plan involves the sale of five Airbus A318s in 2011.
Copyright Photo: Via Pepscl. UR-DAC is pictured at Jeddah with the joint titles while still painted in Donassaero's 2005 livery.
Donbassaero Airlines (Donetsk) is operating its Airbus A320-233 UR-DAC (msn 733) for Air Manas Air Company (Bishkek). Air Manas is a new airline from Kyrgyzstan and is named after Manas International Airport near Bishkek.
Copyright Photo: Brian McDonough. Please click on photo for full view, information and other photos.
Copyright Photo: Bruce Drum. Please click on photo for full view, information and other photos.
Grupo TACA (TACA International) (Transportes Aereos del Continente Americano) (San Salvador) and Avianca (Aerovias del Continente Americano) (Bogota) and all of the subsidiary airlines within the two groups will be merged into one single holding company. The Avianca owners (National Federation of Colombia Coffee Growers and the Synergy Group) will control two-thirds of the new holding company. The Grupo TACA owners will control the remaining one-third of the shares of the new holding company. All airlines will retain their independent brands (however Avianca was consolidating its brands) but each will become subsidiaries of the new holding company.