It was nice while it lasted. But the U.S. demand recovery has lost its momentum. After a near-complete freeze in discretionary air travel that started in late March, Americans gradually became more comfortable getting on planes, to popular fun spots…
Read The IssueFinally, 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 MoreAirlines 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...
Read MoreU.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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