5 Takeaways From the Skift Aviation Forum 2024
Barbecue. Big Hats. Big Oil. The Cowboys. Here’s something else that Dallas is known for: Its airlines. American is based there. So is Southwest. It wasn’t too long ago that…
Daily Airline News
Friendly Skies: 5 Key Takeaways from U.S. Earnings Season
Have you heard? America has a new president. Or actually, an old president coming back for a second round. What will the return of Donald Trump mean for the airline…
Rocky Mountain Fly: Is Frontier Poised for a Comeback?
November has arrived, which this year brings such joyous events as the mild-mannered U.S. presidential election. U.S. airlines are seeing a lull in demand ahead of the tense vote. But…
Latam Poised to Prosper
As Q3 earnings season gathers momentum, South America’s Latam Airlines took some time to visit New York City. Surely, it did some sightseeing. Maybe it saw a Broadway show. But…
A New Chapter for AirAsia
A defining characteristic of the AirAsia empire has always been its corporate complexity. Now it stands to simplify by bringing AirAsia and AirAsia X together as one, while leaving aside…
For Delta, No Glee in Q3. But Happy Times Ahead?
It wasn’t Delta’s greatest summer. Enough went wrong (the CrowdStrike disruption, lost business during the Olympics) to spoil all that went right (strong demand, cheaper fuel). Fortunately, almost everything’s coming up roses this fall, including heavy capacity cuts by domestic rivals. Will United finally beat Delta in the margin fight? We’ll find out later this week, when Scott Kirby and company report for Q3.
Diamonds in the Sky: Will the Transatlantic Boom Continue?
Welcome to the final quarter of 2024. Believe it or not, airlines will begin reporting their third quarter results this week, beginning as usual with Delta on Thursday (October 10).…
Turn Baby Turn: Jordan’s Plan To Revitalize Southwest
What’s the right tool to fix Southwest? A scalpel or a sledgehammer? As a Wall Street dissident leans toward the latter, calling for wholesale change in the airline’s executive ranks, the executives themselves are championing a less radical approach. What the company needs, argued CEO Bob Jordan last week, is not a new leadership team but a network and inflight product adapted to meet new post-Covid trends.
The Q2 2024 Earnings Scoreboard
Cost pressures. Cooling demand. Geopolitical turbulence. Despite all of this, the second quarter of 2024 was a good one for the global passenger airline industry. Collectively, major airlines that disclose their quarterly financial results (most of them do) earned an 8% Q2 operating margin adjusted for special items. Airline Weekly crunches the big numbers for our flagship quarterly review.
Greece Lightning: The Aegean Airlines Success Story
Aegean Airlines has painful memories. In the early 2010s, Greece was in the throes of a great depression, a crisis that nearly forced it out of the euro-zone. The airline, sure enough, suffered three straight years of losses from 2010 to 2012, aggravated by a surge in fuel prices. This week we discover how Aegean not only survived, but thrived under intense macroeconomic pressure.