Airline Weekly Lounge Episode 104: Better, But Not Good
Revenues and margins improved for Cathay Pacific in the first half of 2018, and the second half is usually better for Cathay. Still, will it be enough to lift the Hong Kong carrier out of its malaise? Fuel costs dented Singapore Airlines’ Q2 results, which were similarly mediocre to Cathay’s. VietJet’s soaring growth is helping it control unit costs and deliver solid profits.
Also delivering solid profits was Cebu Pacific, however, those profits came amid a huge margin decline. Turkish Airlines is now existing amid a currency crisis, but it’s weathering it surprisingly well. Ethiopian Airlines is making money and has plans to make more. Icelandair is feeling the chill of too much capacity in Reykjavik. And JetBlue is charting new territory in charging for bags.