Issues

Transborder Disorder: Big Trump Trouble for Canada’s Airlines

Alright, so here we go again. Something’s gone awry in the world, and airlines are among the first to feel it. Following last week’s U.S. plan to essentially dismantle the global trading system, uncertainty has reached a fever-pitch. In this week's feature story we deep-dive into one of the thorniest battles in this emerging economic conflict, and ask how (or perhaps, if) Canada's airlines can come out fighting.

David’s New Goliath: Neeleman’s Breeze Gathering Scale

Is there ever a good time to start a new airline? Certainly not during a pandemic. Recurrent airline founder David Neeleman launched Breeze Airways in May 2021, a month in which U.S. airports handled just 50 million passengers. Last May, for perspective, they handled 80 million. In this week's feature story we examine the opportunities and the stubborn challenges of this plucky outlier that doesn't mind flying against the wind.

Bear Market in the Air Market? U.S. Airlines Face a Downturn

A longterm plan to rightsize the federal government and reindustrialize the U.S.? Or economic suicide? To large swathes of corporate America right now, it feels like the latter. Tariff uncertainty and mass layoffs are rattling consumer and business confidence while erasing trillions in value from stock markets. Are airlines affected? As America’s largest carriers made clear last week, the answer is an emphatic yes.  

Tired of Finning: Can Finnair Up Its Profit Game?

Should Finnair hire a party planner, or a funeral director? No, it’s not in danger of dying. But after a surprisingly strong showing in 2023 and 2024, 2025 is looking uncomfortably fraught with peril. Labor unrest. Ballooning costs. A once-prized Asian network still disrupted. It’s enough to make any airline nervous, let alone a smallish government-owned carrier that lacks scale. In this week's edition, we ask if Finnair can defy the odds again.

JAL-function: What’s Wrong with Japan Airlines?

Down. Down. Down. In 2024, Japan Airlines saw its annual profit margins drop again. Putting aside the pandemic-blemished period, JAL’s profitability declined for a sixth consecutive year. Last week, it posted a 7% operating margin for calendar year 2024. Not just down versus 2023, but a far cry from its 15% heyday. What’s happening? In this week's feature story we ask if the double-digit margins are gone forever and if JAL can turn things around.

Why JetBlue is Seeking Blue Skies

In a victory of sorts, JetBlue managed a slim Q4 profit. It wasn't a fantastic performance, but this reversed an operating loss in 2023’s fourth quarter. Might it mark the start of a much-needed turnaround? JetBlue delivered its earnings presentation a day before Frontier launched a new bid to buy Spirit. Will it consider a revised offer too? Or could JetBlue itself become an acquisition target? In this week's feature story we examine the latest ups and downs at New York's Hometown Airline.