Issue Summary

Let’s start with a bit of good news for a change. Jet2.com, a British LCC, says people are now booking holidays for late summer and beyond. Air Arabia and Etihad are moving forward with a new low-cost venture. Ditto for Japan Airlines. More major carriers, including Air France/KLM, now have government support that buys them at least a few more months if not quarters of survival, even absent any revenue. Several low-cost carriers expressed tempered optimism about leisure and family-visit traffic recovering — partially, anyway — by yearend. One of those low-cost carriers, Mexico’s Volaris, even reported a first quarter…