Issue No. 780

European Airlines' Summer of Anguish

Finally, an airline that actually made money last quarter. Two of them actually. Korean Air and its hometown rival Asiana, both cargo power players even in normal times, reported solid Q2 profits as yields for shipping goods rose dramatically. The…

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Stories From The Latest Issue

Weekly Skies

Europe, unlike the U.S., is getting the shorthaul summertime travel boom that airlines hoped for. It’s not really a boom of course, just a murmur of life after several months of nothingness. Carriers are filling planes though — Lufthansa said…

Fleet

Financially strong aircraft lessors appear more or less relaxed about the airline industry’s epic meltdown. Count Air Lease Corp. (ALC) among them, feeling reassured by early signs of recovery, by stabilizing airline balance sheets thanks to prodigious public aid, and…

Landing Strip

Airports Council International-Europe called the second quarter “disastrous,” pointing to an almost complete collapse in demand at airports across greater Europe (which includes markets like Russia). Traffic fell more than 96% y/y. In the first half, traffic fell 64% y/y.…

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Podcast

Europe’s Uncertain Recovery
Madhu Unnikrishnan

More Europeans may be taking their summer holidays, but it still was a historically bad quarter for the continent’s airlines, especially for those that staked their fortunes on long-haul premium traffic.

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Past Issues

Issue No. 780

European Airlines' Summer of Anguish

Finally, an airline that actually made money last quarter. Two of them actually. Korean Air and its hometown rival Asiana, both cargo power players even in normal times, reported solid Q2 profits as yields for shipping goods rose dramatically. The…

Read More
Issue No. 779

Phased Out: U.S. Airlines Look to the Past, Future

Airlines are not happy with their governments. Air Canada complains of overzealous border restrictions. Asia’s airline association complains of inconsistent policies. Allegiant criticized Washington for inadequate testing and information. Ryanair is livid about government bailouts. Fair enough. But the true…

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Issue No. 778

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 and international traffic volumes remain negligible. Carriers are dialing back…

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Issue No. 777

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 lagging Northeastern presence by partnering with JetBlue. JetBlue sees the…

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