Issue Summary

European airlines are looking beyond the exceptionally bad year they had last year and the possibly grim year this year to a brighter future. Many, like Lufthansa Group, are shuffling the pieces around internally to take advantage of any demand recovery that may occur. Others, like Ryanair, are capitalizing on their leisure-traffic strength to plan for what could be a quite a summer. And all are rushing to fill the vacuum left behind by Norwegian's retrenchment.