By Juan Pedro Sanchez Zamudio
From December Copa Airlines will begin to fly from Panama City o 14 new destinations in North, Central, South America and the Caribbean. These new routes will be added to the 34 that the carrier is operating.
In a recent announcement, Copa Airlines stated that from December, it will add Oranjestad, Aruba; La Habana, Cuba; and, St Marteen to its destinations in Central America and the Caribbean. To South America, the carrier will be resume operations to Belo Horizonte, Brazil; Georgetown, Guyana; Asunción, Paraguay; and, Caracas, Venezuela. In North America, Copa Airlines will be flying to Montreal; Boston, Chicago, Denver, Fort Lauderdale, San Francisco; and, Cancun and Guadalajara, México.
This week’s news means the carrier will be flying to 25 countries all over America with 48 international destinations.
To summarise, Copa Airlines is flying to the following destinations:
Montreal and Toronto; Miami, New York, Los Angeles, Orlando, Washington D.C., Boston, Chicago, Denver, Fort Lauderdale, San Francisco; and, Mexico City, Cancun and Guadalajara, Mexico.
Central America and the Caribbean
Oranjestad, Aruba; San José, Costa Rica; La Habana, Cuba; San Salvador, El Salvador; Guatemala, Guatemala; San Pedro de Sula and Tegucigalpa, Honduras; Kingston and Montego Bay, Jamaica; San Juan, Puerto Rico; Punta Cana and Santo Domingo, Dominican Republic; and, Sint. Maarten.
Buenos Aires, Argentina; Santa Cruz de La Sierra, Bolivia; Belo Horizonte, Brasilia, Rio de Janeiro and Sao Paulo, Brazil; Santiago de Chile, Chile; Barranquilla, Bogotá, Bucaramanga, Cali, Cartagena, Medellín and Pereira, Colombia; Guayaquil and Quito, Ecuador; Georgetown, Guyana; Asunción, Paraguay; Lima, Peru; Montevideo, Uruguay; and, Caracas, Venezuela.
The Panamanian airline registered a net loss of $118 million in the third quarter of the year, a huge difference from the same period of 2019, in which the carrier registered a profit of $103.9 million. However. The carrier improved the result of the 2020 second quarter when the company scored a ‘red number’ of $386 million.
According to A21, Copa Airlines ended the quarter operating at 3% capacity, compared to the previous year.
Copa managed to reduce its monthly expenses, spending only $36 million per month. By the fourth quarter, the carrier hopes to reduce this even further, by expending $25 million monthly.
Regarding its fleet, Copa Airlines managed to sell its 14 Embraer EMB-190 aircraft to the Australian airline Alliance Air. It has already delivered the first three of these aircraft. The carrier also signed a Letter of Intent for the sale of two Boeing 737-700s, which will leave its fleet in January 2021.
Finally, Copa Airlines will be reactivating its six Boeing 737 MAX-9 aircraft in the near future and it expects to receive two new Boeing 737 MAX during December.