Jay Shabat

Europe

Greece’s Aegean Airlines Posts Strong Profits but Cost Inflation a Concern

Greece’s Aegean Airlines, riding a wave of inbound tourism, reported an 18% operating margin for the April-to-June quarter. That was just a point less than what Europe's profit champion Ryanair…

Jay Shabat | 1 year ago

Mixed Messages

As September approaches, the world’s airlines can’t help but wonder what lies ahead. More of the same demand strength that propelled the industry to strong springtime profit margins — margins…

Edward Russell and Jay Shabat | 1 year ago

Middle East

Air Arabia Unveils World-Leading Second Quarter Profits

Most airlines have now reported their financial results for the second quarter, and none so far has performed better than Air Arabia. The low-cost carrier, based in the United Arab…

Jay Shabat | 1 year ago

Turkish Airlines and Thai Airways Announce Plan to Form Joint Venture

Turkish Airlines and Thai Airways, both members of the Star Alliance, signed a preliminary agreement to “move towards” a network joint venture covering flights between Europe and the Asia-Pacific region.…

Jay Shabat | 1 year ago

Europe

Aircraft Leasing Giant AerCap Sees Aircraft Supply Shortages Persisting for Years

AerCap, the world’s largest aircraft leasing company, does not see the commercial aircraft shortage ending anytime soon, even as demand for aviation assets remains robust.

Jay Shabat | 1 year ago

Europe

Air France-KLM Looks to Spin-Off Loyalty Plan as Results Lag Peers

Air France-KLM is talking to Apollo Global Management about raising funds to improve its balance sheet, in a deal that would involve spinning off its loyalty plan into a new entity.…

Jay Shabat | 1 year ago

Aircraft Maintenance Provider AAR Sees Supply Chain Woes Easing; Expects Strong Demand to Continue

AAR, a major provider of maintenance and repair services to airlines worldwide, told investors that industry supply-side constraints are easing but remain problematic. The company, headquartered near Chicago, provided an…

Jay Shabat | 1 year ago

Europe

LOT Polish Turns 2022 Profit Despite Ukraine War Challenges

LOT Polish, Poland’s national airline, claims to have earned a 8.3 billion Polish zloty ($26 million) net profit last year. The result marks a return to profitability after two years…

Jay Shabat | 1 year ago

Asia-Pacific

Australian Regulator Extends Approval of Qantas-Emirates Joint Venture

Late last week, Australia’s competition regulator proposed reauthorizing a joint venture between Qantas and Emirates for another five years. The partnership, first launched in 2013, allows the two airlines to…

Jay Shabat | 1 year ago