Past Issues

Air France-KLM’s Scandinavian Gambit

Air France-KLM isn’t kidding. It wants to participate in industry consolidation, as it’s emphasized repeatedly in recent earnings calls. Now it’s putting some money where its mouth is, striking a…

Air New Zealand’s Brewing Troubles

It’s so hard to say goodbye. The third quarter of 2023 is coming to an end, leaving mostly good memories for the global airline industry. It wasn’t all fun and…

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…

Air Canada Strives for More Offpeak Success

The majority of airlines have now reported for the second quarter, and four in particular stand out. Copa, Thai Airways, Philippine Airlines, and IndiGo all achieved operating margins exceeding 20%,…

The Fantastic Transatlantic

The second-quarter earnings parade keeps marching on. We saw a big winner in India’s IndiGo, an airline with a voracious growth appetite. But we also had some disappointments in Wizz…

Brazil’s Injured Star

It’s the heart of earnings season now. Major airlines from across the world reported their second-quarter results last week. In Asia, Singapore Airlines enjoyed another fantastic quarter. All Nippon's performance…

Europe’s Florida

It was United and American’s turn to flaunt dazzling second quarter profit margins, lifted by, one, raging demand; two, much lower fuel costs; and three, frustrating but ultimately yield-enhancing supply-side…