Issue Overview

Mideast Goes Low Cost

Mideast Goes Low Cost

February 6th, 2023 at 12:38 AM EST
30 min read

Issue Overview

The earnings parade marches on. More airlines reported their calendar fourth results last week, including Japan’s two major airlines. In a break with pre-Covid norms, ANA is now outperforming its smaller and more internationally-focused rival JAL. In India, IndiGo continues to dominate the domestic scene but wants to become more international; more importantly, it’s delivering robust profits again. Forgive Korean Air if thinking that the pandemic was the best thing that ever happened to it. Its cargo business produced extraordinary profits during the crisis. Now its passenger business is coming back strong.

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