Aircraft Manufacturer Embraer Shares 2024 Perspectives

Brazil-based global aircraft manufacturer Embraer, the third largest commercial jet manufacturer, shared its perspectives for 2024.

  • 64 commercial aircraft deliveries for 2023
  • This is one unit short of its planned 65 to 70 target but it’s still 12% more than 2022
  • Goal is to return to around 90 annual deliveries which we achieved in 2018 and 2019
  • 2023 revenue was nearly the same as 2019, it is still only at 70% of pre-pandemic output
  • Working with suppliers to grow this year’s output target by double digits
  • “One sticking point is the pilot shortage. Fewer available pilots favours interest in bigger narrowbodies, and that creates a gap between those aircraft and the regional fleet. There have been a few soft years but the shortage seems to be resolving itself. That implies that we’ll see more demand for smaller narrowbodies which should fill in that gap. In the meantime, orders for the E175 in the USA remain strong since there isn’t movement on pilot scope clauses.”

Source: Embraer
Photo Credit: Embraer

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Flag Carrier of Panama, Copa Airlines, Launches Second Edition of LIFT Development Program for Panamanian Pilots

Copa Airlines has officially launched the second edition of its LIFT development program for commercial pilots in Panama. This program serves as a unique opportunity for Panamanian pilots to enhance their skills and attain the experience necessary to embark on their journey as first officers at Copa Airlines.

The launch of the program witnessed an impressive turnout, with more than 160 pilots actively participating in the session. Attendees were provided with crucial details about the selection process for the program, further illuminating the pathway for pilots to join the ranks of Copa Airlines.

Source: Copa Airlines
Photo Credit: Copa Airlines

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IATA: Global Air Travel Demand Continued Its Bounce Back in 2023

The International Air Transport Association (IATA) announced that the recovery in air travel continued in December 2023 and total 2023 traffic edged even closer to matching pre-pandemic demand.

Total traffic in 2023 (measured in revenue passenger kilometers or RPKs) rose 36.9% compared to 2022. Globally, full year 2023 traffic was at 94.1% of pre-pandemic (2019) levels. December 2023 total traffic rose 25.3% compared to December 2022 and reached 97.5% of the December 2019 level. Fourth quarter traffic was at 98.2% of 2019, reflecting the strong recovery towards the end of the year.

International traffic in 2023 climbed 41.6% versus 2022 and reached 88.6% of 2019 levels. December 2023 international traffic climbed 24.2% over December 2022, reaching 94.7% of the level in December 2019. Fourth quarter traffic was at 94.5% of 2019.

Domestic traffic for 2023 rose 30.4% compared to the prior year. 2023 domestic traffic was 3.9% above the full year 2019 level. December 2023 domestic traffic was up 27.0% over the year earlier period and was at 2.3% above December 2019 traffic. Fourth quarter traffic was 4.4% higher than the same quarter in 2019.

“The strong post-pandemic rebound continued in 2023. December traffic stood just 2.5% below 2019 levels, with a strong performance in quarter 4, teeing-up airlines for a return to normal growth patterns in 2024. The recovery in travel is good news. The restoration of connectivity is powering the global economy as people travel to do business, further their educations, take hard-earned vacations and much more. But to maximize the benefits of air travel in the post-pandemic world, governments need to take a strategic approach. That means providing cost-efficient infrastructure to meet demand, incentivizing Sustainable Aviation Fuel (SAF) production to meet our net zero carbon emission goal by 2050, and adopting regulations that deliver a clear cost-benefit. Completing the recovery must not be an excuse for governments to forget the critical role of aviation to increasing the prosperity and well-being of people and businesses the world over,” said Willie Walsh, IATA’s Director General.

International Passenger Markets

Asia-Pacific airlines posted a 126.1% rise in full year international 2023 traffic compared to 2022, maintaining the strongest year-over-year rate among the regions. Capacity rose 101.8% and the load factor climbed 9.0 percentage points to 83.1%. December 2023 traffic rose 56.9% compared to December 2022.

European carriers’ full year traffic climbed 22.0% versus 2022. Capacity increased 17.5%, and load factor rose 3.1 percentage points to 83.8%. For December, demand climbed 13.6% compared to the same month in 2022. December traffic was higher than the corresponding month in 2019 for the first time since the start of the pandemic.

Middle Eastern airlines saw a 33.3% traffic rise in 2023 compared to 2022. Capacity increased 26.0% and load factor climbed 4.4 percentage points to 80.1%. December demand climbed 16.6% compared to the same month in 2022.

North American carriers reported a 28.3% annual traffic rise in 2023 compared to 2022. Capacity increased 22.4%, and load factor climbed 3.9 percentage points to 84.6%. December 2023 traffic rose 13.5% compared to the year-ago period.

Latin American airlines posted a 28.6% traffic rise in 2023 over full year 2022. Annual capacity climbed 25.4% and load factor increased 2.1 percentage points to 84.7%, the highest among the regions. December demand climbed 26.5% compared to December 2022.

African airlines’ annual traffic rose 38.7% in 2023 versus the prior year. Full year 2023 capacity was up 38.3% and load factor climbed 0.2 percentage points to 71.9%, the lowest among regions. December 2023 traffic for African airlines rose 9.5% over December 2022.

China’s full year domestic traffic rose 138.8% versus 2022, and is now 7.1% above the 2019 level.

Australia (-4.2% compared to 2019) and Japan (-3.2% compared to 2019) are the only major domestic markets yet to recover pre-pandemic traffic demand.

Source: IATA
Photo Credit: IATA

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Regional Aircraft Manufacturer ATR Announces Latest Appointment for Head of Human Resources

ATR, the world’s leading manufacturer of regional aircraft, announced the appointment of Maria Teresa Pedra Bruñó as its new Head of Human Resources, effective February 1, 2024. She succeeds Sadika Moussaoui, who takes on new responsibilities within the Airbus Commercial management team.

In this role, Maria Teresa oversees all human resources strategy and operations for ATR worldwide. She is based at the company’s global headquarters in Toulouse, France, and reports directly to the CEO.

Maria Teresa brings over 20 years of human resources experience to ATR, having held various HR roles of increasing responsibility within Airbus Commercial since 2003. Most recently, she served as Head of Talent and Executive Management, where she focused on promoting diversity, inclusion and leadership development.

“We are delighted to welcome Maria Teresa to our executive team,” said ATR CEO Nathalie Tarnaud Laude. “Her deep HR expertise and international experience will be invaluable assets as we continue to strengthen our company culture and embrace all the opportunities of a constantly evolving environment. The way we manage our talents will be decisive in maintaining our leadership and relevance on the regional market. I also want to thank Sadika for her precious contribution over the years to develop our people, foster engagement, leadership, collaboration and inclusivity, and wish her the very best going forward.”

Previously, Maria Teresa served as HR Manager in Germany, supporting employees and activities related to the A400M final assembly line in Seville. In France since 2008, Maria Teresa was Head of Recruitment for Airbus in France, playing a key role in hiring for the A350 programme. She also served different businesses like Technology, Commercial and International as Senior HR Business Partner.

Source: ATR Aircraft
Photo Credit: ATR Aircraft

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