By the Numbers

Earnings Scoreboard: Europe's Big Three

How Europe’s Big Three — Air France-KLM (Air France, KLM, and Transavia), IAG (British Airways, Iberia, Aer Lingus, and Vueling), and the Lufthansa Group (Austrian, Brussels, Eurowings, Lufthansa, and Swiss) — did in the fourth quarter of 2022. Note that figures are not disclosed for some smaller airline units, like IAG’s Level and Iberia Express, or Lufthansa’s Air Dolomiti and Edelweiss. In some cases, these are included in the results of larger entities, for example Edelweiss included with Swiss.

Source: Airline Weekly analysis of company reports

— Jay Shabat

You're reading this issue

Issue No. 901

Air France's Premium Bet

Lufthansa’s fourth quarter results are in and — once again — IAG’s were better and Air France-KLM’s were worse. Will the Lufthansa Group forever be stuck in the middle? For any chance of surpassing IAG, it will surely need to…

Read The Issue
Issue No. 903

The Demand Party: When Will it End?

They said it again: Demand remains exceedingly strong. Nearly all U.S. airlines presented to investors last week, sounding universally bullish about the upcoming spring and summer peaks. They talked about elevated yields. They talked about constricted supply. They talked about...

Read More
Issue No. 902

Thai Turns to Black

The U.S. Justice Department has removed any doubt about its feelings toward the JetBlue-Spirit merger. It doesn't like the idea and is suing to stop it. That's hardly the end of the story though. JetBlue plans to mount a vigorous...

Read More
Issue No. 900

A Year Without Russia

Fourth quarter financial reports continue to roll in. Last week featured some strikingly good performances, led by Singapore Airlines and Qantas. Both carriers have emerged from the pandemic with guns blazing, taking advantage of robust demand and wounded rivals. In...

Read More