Issue No. 806
A European Wild West as Airlines Eye Opportunities
European Carriers Look Past This Year to a Changing Airline Market
Pushing Back: Inside This Issue
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.
Meanwhile, AerCap is set to become the world's largest lessor, with 2,000 aircraft in its portfolio, by acquiring GECAS from General Electric. The once-mighty industrial conglomerate has been steadily shedding its assets, but conventional wisdom held that it would retain GECAS as part of its core aviation unit. Conventional wisdom was wrong, as it happens. Elsewhere in this issue, we look at why U.S. budget carrier Frontier, owned by Indigo, would choose now to go public. Crazy times. There's never a dull moment in this industry.
The Airline Weekly Lounge Podcast
New episodes drop every Thursday and are available wherever you get your podcasts and on AirlineWeekly.com. In the latest podcast, Edward "Ned" Russell and Madhu Unnikrishnan wonder if Frontier is crazy, or crazy like a fox, to go public now, and why does Lufthansa protect its fortress hubs from its own subsidiaries? Listen to the episode.
"In December, we had a little bit of an eye-of-the-hurricane phenomenon here in Brazil, where things had recovered... [now] we’ve had a significant reversal."Gol Chief Financial Officer Richard Lark