Past Issues

Issue No. 772

Bad Math for Cath

The airline recovery continues, but so does Covid’s spread. In the U.S., airport traffic remains on a steady upward trajectory, especially in states that reopened their economies and tourist attractions early. Those same early openers though, including the giant Florida...

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Issue No. 771

The Crane’s Pain

The devastated airline industry continues its comeback, in some respects faster than expected. American, for one, is adding back flights at a rather bullish pace, chasing the small bursts of leisure and family-visit demand now crawling out of its cave....

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Issue No. 770

Latam: The Biggest Bankruptcy Yet

The month of May, to the great relief of airlines, was considerably better than April. June and July are trending better too as cancellation rates drop, bookings increase, and flights resume. The recovery will be long. But it’s now underway....

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Issue No. 769

America’s Airlines Start to Recover… A Little Bit

By its own lofty standards, 2019 was not a good year for Ryanair. Needless to say, 2020 will be worse. But with an important caveat: This year’s distress contains unmistakable seeds of opportunity. Ryanair will survive the crisis, no doubt...

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Issue No. 768

Covid’s Paradox: The Losers are the Winners

Airlines are just going to have to learn to live with the virus. Might there be a miracle vaccine before 2020 ends? Or a miracle cure? Not impossible. But also not the likeliest scenario. Some say the plague could linger...

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Issue No. 767

Start Your Engines

It’s going to be a smaller airline industry. That much seems sure, for at least the next few years as carriers adjust to a world with less travel. Fewer planes. Fewer routes. Fewer airline workers. It’s not a pretty picture....

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Issue No. 766

Flight Path Unknown

The carnage is now plain to see. Some of the largest airlines from the U.S., China, Japan, and Europe showed just how much money the wicked coronavirus is bleeding from their coffers. A few like Southwest and Japan Airlines escaped...

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Issue No. 765

Another Virgin Lost

Let’s start with a bit of good news for a change. Jet2.com, a British LCC, says people are now booking holidays for late summer and beyond. Air Arabia and Etihad are moving forward with a new low-cost venture. Ditto for...

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Issue No. 764

The 2020 ‘Pancession’

It’s a pandemic. It’s a recession. A "pancession?" By whatever name, the Covid-19 virus is destroying both lives and livelihoods. For airlines, it’s destroying both supply and demand. When will it end? The Chinese domestic market offers glimmers of hope...

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Issue No. 763

Is the Glass Half Empty or Half Full?

Aside from a few stragglers like Hainan Airlines, Philippine Airlines, and El Al, fourth-quarter earnings season is now finished. Those were simpler times, featuring familiar names near the top of industry profit rankings: Delta, IAG, Copa, etc. Brazilian airlines, interestingly,...

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Issue No. 762

‘Aviation’s Darkest Hour’

The questions are more numerous than the answers. Will warm weather stunt the spread of Covid-19? Can victims be re-infected? When, if ever, can the world produce and administer a vaccine? How fast before the population develops herd immunity? Can...

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Issue No. 761

Uncle Sam to the Rescue

The counterattack is underway. Governments around the world are spending trillions of dollars to cushion their economies from the wrath of Covid-19. In the U.S., the rescue mission will cost a mammoth $2t, with $50b of that allocated for airlines...

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