So far all U.S. carriers have reported shrinking year-over-year profits in the second quarter. But nobody’s margin decline was worse than that of JetBlue, which posted a 9% operating margin, down from 19% the year before. Allegiant had the best margin of the bunch, narrowly besting Southwest and Delta, both of which had shining quarters. […]
Airline Weekly Lounge Episode 99: Say it ain’t so, Mexico!
Things haven’t gotten better in Mexico. Although Aeroméxico is at least coping better than its domestic competitors, all of which posted negative first-quarter margins in the double-digits. To make matters worse, construction of Mexico City’s much-needed new airport might be suspended as soon as July. North of the border, Delta and Southwest are seeing more […]
Airline Weekly Lounge Episode 96: Profit Preservation
Revenues for U.S. carriers remained terrifically healthy in the first quarter, and everybody made money. But rising labor and fuel costs generally shrunk year-over-year profit margins. United, which continues to trail Delta and American in profitability, did a pretty good job of preserving its margin. Profits slid a bit more at American, but it was […]
The Radical and The Reluctant: As WestJet goes for sweeping change, Southwest takes a more cautious approach
A decade ago, in 2008, Southwest and WestJet announced they would soon begin codesharing. The world’s first giant low-cost carrier would be teaming up with its newer, smaller and even more profitable counterpart north of the border. In a few ways, such as its seatback satellite TV, WestJet was more JetBlue than Southwest. But broadly […]
Airline Weekly Lounge Episode 90: Success in the U.S.
With the bulk of U.S. airlines having now reported fourth quarter earnings, what has unfolded is largely a success story. 2017 wasn’t as good as 2015 or 2016, but it was generally good. Gone are the exhilarating margins of 25% and 27%. Instead we’re seeing healthy margins of 17% and 19%. Delta continues to set […]
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