Issues

China's Uncertain Recovery

U.S. airlines sounded common themes as they disclosed gargantuan second-quarter losses. Demand recovery was promising, until it wasn’t. Costs are down sharply, but more painful labor cuts are necessary. Corporate…

Branson's Bailout

Things are getting interesting in the U.S. After a decade of mostly benign market conditions, a pandemic-induced mega-shock has some airlines rethinking their strategies. American sees opportunity to fortify is…

Blue's Blows

It was nice while it lasted. But the U.S. demand recovery has lost its momentum. After a near-complete freeze in discretionary air travel that started in late March, Americans gradually…

Winter is Coming

Things were going well for easyJet before the crisis. Rivals were perishing. Yields were rising. The short-term question now is can it recover some momentum as European countries reopen their…