Issue No. 824

Delta Kicks Off June Quarter Results

Delta Sees Cause for Optimism in the Second Half as it Opens the Second Quarter Results Season.

Pushing Back: Inside the Issue

We kick off June quarter earnings with Delta Air Lines, who had a rosy outlook for the recovery — at least in the U.S. The carrier turned a profit in June, and expects the black ink to continue to flow through the rest of the year, even as the lavish support of Uncle Sam expires in just over two short months. French Bee and Volaris expressed similarly optimistic outlooks, with the latter already larger than it was pre-pandemic and looking to capture as much marketshare as it can. But American Airlines reminded us that the crisis isn't over, and not by a long shot, in its updated guidance — second quarter numbers drop on July 22. And lessor Aircastle warned that the industry has not yet hit bottom, particularly in areas where vaccination rates are low like Southeast Asia.

Elsewhere in the issue, the recovery mood is definitely moving to the optimistic side of the coin. Aircraft deals are piling on with a transformational one from Porter Airlines and an aspirational one from United Airlines, while Delta is back to its old used plane tricks. Across the pond, Ryanair needs some 2,000 pilots for Summer 2022 as Boeing 737 Max 8-200 deliveries (finally) ramp up. And if that wasn't enough, airports in Austin and New York are moving forward with expansion plans.

The Airline Weekly Lounge Podcast

New episodes drop every week and are available wherever you get your podcasts and on AirlineWeekly.com. In the latest podcast, Edward "Ned" Russell and Madhu Unnikrishnan talk Porter and United's aircraft deals, get stumped over the name of Porter’s raccoon spokescritter (it's Mr. Porter in case you didn't know) and debate the outlook for Wow Air-reboot Play Airlines. Listen to the episode.

Verbulence

“Is it the best time to start flights? Is it too soon by one month, or too late by one month. We don’t know, but we think it’s the end of the big crisis, and we think we will grow again.”

French Bee President Marc Rochet

Weekly Skies

Saudia Arabia's government made news earlier this month when it hinted at plans to build a global airline, based in the kingdom, to take on regional powerhouses Emirates, Qatar Airways, and Etihad. But will Saudi Arabia be able to dethrone…

State of the Unions

Pilots at Alaska Air Group-subsidiary Horizon Air have approved an amended accord that includes wage increases designed to attract new crews. The regional airline has 800 pilots and flies de Havilland Dash 8-400s and Embraer E175s for Alaska. Horizon Air…

Landing Strip

Local authorities in Arlington Country, Va., are moving forward with a study of a new connection between the National Landing neighborhood where Amazon is building its so-called HQ2 and Ronald Reagan Washington National Airport. The pedestrian and bike connection —…

Routes and Networks

U.S. startup Avelo Airlines is uncorking more routes to Napa. The carrier will connect Santa Rosa, Calif., to Las Vegas from Sept. 16, adding both Sin City and the first route not touching Burbank to its map. Avelo recently trimmed…

Sky Money

Executives at lessor Aircastle took a decidedly less optimistic tone than their counterparts at many airlines about the pace of the industry's recovery. "I'm not sure if anything has bottomed out at this point as we see the delta variant…

Fleet

As many warned that niche Canadian carrier Porter Airlines may have flown its last flight, the airline had something else up its sleeve. Last week, Porter unveiled an order for up to 80 Embraer E195-E2s and big ambitions for new…