Financial PerformanceManagement cited the suspension of flying to Venezuela, weakness in local currencies (especially the Brazilian real), and growth in competitive capacity in Latin America as the primary drivers of the top line miss.
Operational ChallengesThe manufacturer's machinist strike is expected to delay some aircraft deliveries into 2026.
Revenue PressureThere was a -9% year-over-year yield reduction, influenced by flight suspensions, weaker currencies in Latin America, and increased industry capacity.