Past Issues

Global Analysis

Looking for Answers…

Air France/KLM is sick and tired of winning bronze medals. IAG always takes the gold. Lufthansa always takes the silver. And that's unlikely to change this summer, with the Olympic…
Global Analysis

The 2024 Half-Time Show

Well, that was awkward. With Elliott Management breathing down its neck, Southwest’s management told investors that its earlier forecasts were (whoops) way off. Unit revenues for the second quarter, alas,…
Asia-Pacific

Seoul Position: Korean Air’s Epic Post-Pandemic

We’re now just a week away from the end of 2024’s second quarter. It’s been a good one for airlines broadly speaking, with demand holding firm across most of the…
North America

Southwest Battles Summer Storm Elliott

Suddenly, Southwest Airlines is under attack, not by a competitor, but by an activist investor demanding big changes. Elliott Management, best known for a years-long bond battle with Argentina’s government,…
North America

Summer Sunshine for U.S. Airlines?

It’s shaping up to be a great summer for U.S. airlines. Strong demand. Constrained supply. Moderate fuel prices. Yet struggles are rife—from American’s distribution missteps to Southwest’s costs concerns, to…
Southeast Asia

ASEAN’s Awakening 

Better late than never. East Asia’s airline markets were slow to reopen and slow to recover post-Covid. But in Southeast Asia, or more specifically the ASEAN region, a demand revival…
Low-Cost Airlines

Europe’s Walmart in the Sky

Three of the world’s most exciting, ambitious, and successful airlines reported earnings last week. Ireland’s Ryanair, Turkish Airlines, and India’s IndiGo are all playing at the top of their game,…
Middle East

Flying High in Dubai

Yes, information is limited. But there’s more than sufficient evidence to declare Emirates a thriving airline. In fact, it’s earning stronger profits than it ever did in the 2010s, thanks…
Europe

Europe’s High Hopes

Their first quarter figures weren’t pretty. But Lufthansa and Air France/KLM remain hopeful that strong demand—combined with short supply—will help them overcome rising costs. The all-important summer peak is fast…