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.
“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