This year’s first quarter was one all European airlines—no exceptions—would rather forget. From January through March, there wasn’t a single publicly traded U.S. airline that lost money. In stark contrast, every European airline except IAG (among the vast majority that have reported so far) suffered Q1 losses. And even within IAG, only British Airways avoided […]
Tag: Ryanair
More and more people are traveling by air in Mexico, but Mexico’s airlines continue to struggle. All four of its main carriers had a disappointing 3rd quarter, which is historically peak season. VivaAerobus at least made a little money. Aeroméxico and Volaris barely broke even. And, Interjet’s numbers were simply alarming. Fortunately, oil prices have […]
Of Europe’s “Big Three” airline groups, International Airlines Group (IAG) continues to significantly outperform the other two, namely Air France/KLM and Lufthansa Group. A big part of IAG’s success is simply British Airways’ coveted slot portfolio at Heathrow. But it didn’t hurt that pretty much everything else is working too. Still, Lufthansa navigated a difficult […]
Thanks to rising costs, it’s no surprise profits have declined at Air Canada and WestJet. But rising costs alone don’t explain how these Canadian carriers continue to consistently underperform their U.S. peers by a noticeable margin. Meanwhile in Europe, carriers like Ryanair, Aer Lingus, British Airways, Lufthansa, Swiss and others are putting up numbers very […]
Despite a 29% year-over-year increase to its labor costs, Ryanair still posted a positive profit margin in the first quarter. Ryan’s eastern European counterpart, Wizz Air, meanwhile faced an even more daunting 43% rise in labor costs and handled it with equal aplomb. Scandinavian Airlines is plodding along, but so are a lot of other […]
Asian carriers remember 2010 as their golden year: Fuel prices were moderate, LCCs were still modest in number and size, cargo was booming and the region’s economies were roaring back from the global recession. For U.S. carriers, the golden year was 2015, a blissful time of cheap oil and strong demand. And European carriers? For […]
Not only does Ryanair keep on rolling, it seems to be gaining speed. Its full-year 2017 operating profit margin will almost certainly be the world’s best after every airline has reported. Ryan-like Wizz Air is also among the world’s profit leaders despite paying a lot more for fuel than last year. Korean Air and Asiana […]
And the winner is… Romania. In 2017, no country—among the 50 largest airline markets worldwide—grew more in terms of airline capacity, measured by scheduled seat departures. Romania’s seat capacity increased an astounding 21% y/y last year, according to an analysis of Diio Mi schedule data, earning it the 2017 gold medal for growth. When the […]
European low-cost carrier easyJet isn’t doing as well as competing LCCs Ryanair and Wizz Air. But make no mistake: easyJet is doing well. The airline’s 20% operating profit margin for the April-through-September period puts it among the most profitable carriers in the world at the moment. In the U.S., Delta and Alaska Airlines have been […]
The third quarter is usually a splendid time for airline profits in Europe, and this year has been no exception. Ryanair is more than surviving its recent bout of operational difficulties, having turned in a stellar earnings report. Europe’s Big Three all improved year-over-year with IAG posting its biggest quarterly profit margin to date. Air […]