Past Issues

Issue No. 884

From One Crisis to Another?

Third quarter earnings season continues, with a long parade of airlines set to report this week. Lufthansa, Air Canada, and Southwest are just a few of note. Last week, American and United were center stage, each describing the changing nature...

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Issue No. 883

Winter Heat

Third quarter earnings season is underway, with Delta as usual batting leadoff. For the second straight quarter, its earnings were strong, underscored by another double-digit operating margin. That’s thanks to record revenues, fueled by extraordinarily robust demand — for leisure...

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Issue No. 882

Dutch Down

Amid the quiet before earnings season, airlines looked on with unease as oil prices marched upward again. The pronouncement of an OPEC supply cut has Brent crude flirting with the $100 per barrel mark, never a good sign for the...

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Issue No. 881

Fabulous 5

A mammoth hurricane in Florida. A financial hurricane in the UK. Russia still at war. A global economy showing signs of distress. Even as worldwide demand for air travel stays strong, airlines face a challenging backdrop of economic, geopolitical, and...

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Issue No. 880

Orlando Magic

The third quarter is nearing its end, with demand still humming in most markets, excluding China and Japan. Better yet, fuel costs continue their downward march, albeit from extremely high levels this summer. West Texas Intermediate crude oil prices dropped...

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Issue No. 879

An India Comeback Story

United and Emirates working together? The once unthinkable is now true, though the partnership of the two unveiled last week is limited in scope, at least for now. More significant for United is the sustained strength in travel demand right...

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Issue No. 878

Autumn Strength

Fall? What fall? It still feels like summer for U.S. airlines, judging from comments by several carriers at an investor event last week. Peak, summer-like demand persists despite the change of seasons, as new financial guidance from United makes clear....

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Issue No. 877

ITA Airways Spoils

European consolidation got a leg up last week, but not in the way many expected. Italian authorities named the offer from private equity firm Certares with Air France-KLM and Delta as their preferred bidder for ITA Airways instead of frontrunner...

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Issue No. 876

Sunrise for Qantas

September 1 marks the beginning of spring in Australia and New Zealand, two airline markets, appropriately enough, now springing back to life. Demand for Qantas and Air New Zealand is in many respects just as strong if not stronger than...

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Issue No. 875

Sustainable Fuel Forward

Airlines from Thailand, South Korea, and Turkey headlined the earnings parade last week, offering mixed messages on the recovery. Travelers are clearly returning to the beaches and cities of Thailand, though not yet in sufficient quantity to deliver profits for...

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Issue No. 874

Lufthansa’s Urge to Merge

The second quarter earnings results keep rolling in, depicting an airline industry enjoying a resurgence in demand, but also a shortage of supply, especially of people and planes. Korean Air stole the show with a thundering 22 percent operating margin...

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Issue No. 873

Inside the JetBlue-Spirit Union

With many airlines having now reported their second quarter results, some clear trends are emerging. Most importantly, travel is back in a big way in all but a few markets, like China. On the other hand, high fuel prices are...

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