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Risky Business

As they wrangle with the greatest shock to ever hit their industry, the world’s airlines are asking: What could possibly be next? In its 2019 annual report, China Eastern, outlining key risks for investors, warned of the following: “We are...

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No Soft Landing

Last year, McCarran International Airport in Las Vegas had its busiest-ever year, handling more than 51m passengers. And this year, it was on track to beat that, with traffic in the first two months of 2020 up more than 6%...

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Europe in the Age of Covid

Most of Europe’s major airlines have now reported their Q2 financial results, including the Big Three carriers Lufthansa, Air France/KLM, and IAG. The results, needless to say, were ugly. Carriers with big cargo operations like Lufthansa and KLM saw losses...

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Phased Out

No surprises. U.S. airlines, as expected, reported gargantuan second-quarter losses. Collectively, the country’s nine largest publicly traded airlines (excluding the regional carrier SkyWest) registered more than $11b in net losses, nearly wiping out the $14b in profits they earned all...

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The Uncertain Recovery

As most of the world suffers a deep recession, China’s economy managed to grow last quarter, by 3% y/y. But make no mistake: Its airlines face challenges no less daunting than those of its rivals abroad. The Covid crisis hit...

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Branson’s Bailout

Like its sister airline Virgin Australia, London’s Virgin Atlantic will survive after all. Like the Australian Virgin, the British one isn’t getting any special government help, of the sort that rescued other giants of the transatlantic market, like Air France/KLM,...

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Blue’s Blows

While others play crisis-time defense, JetBlue is playing offense. Last week, the East Coast carrier made a big West Coast move, the latest in a string of recent network maneuvers. Already a big player in the nation’s largest city New...

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The Skift Airline Weekly Halftime Show

It started innocently enough. The first two months of 2020, it seemed, had the world’s airlines on track to deliver their eleventh straight year of profitability. Fuel prices were pretty low. Demand was more or less strong. Businesses were travelling....

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Winter is Coming

Throughput at U.S. airport checkpoints, TSA figures show, is rising fast from its April lows. Twice last week, volumes topped 600k, compared to fewer than 90k in mid-April. It’s still a small fraction of what a typical June looks like,...

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Piles of Miles

Like an overcautious squirrel gathering nuts for the long winter, U.S. airlines continue to stockpile more and more cash… just in case. Just in case the current traffic recovery stalls. Just in case international travel restrictions remain in place for...

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Bad Math for Cath

Long before anyone ever heard of Covid-19, Hong Kong’s Cathay Pacific was an airline in trouble. Surprised to hear that? Maybe because Cathay was never really close to running out of money. Its reputation for excellent service, even among the...

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The Crane’s Pain

At least it’s not alone. Having to take $10b in aid from its government was no easy pill to swallow, coming at a steep cost. But Lufthansa, suddenly 20% owned by the German state, has plenty of company. Its three...

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