August 18, 2015
Canada may be a cold place, but right now its two major airlines are cruising along with comfortable profit margins. Still, what we’re seeing from WestJet and Air Canada is a far cry from what U.S. carriers are experiencing. Why is there such a disparity of results within North America?
Also, we head to the Korean peninsula to talk about Asiana and Korean Air, both of which endured a number of challenges in their second quarter, including a MERS virus outbreak and a weakening cargo industry. And if that weren’t enough tumult, China is now devaluing its currency. Plus, we touch on Finnair, Jet Airways and Air Berlin.
August 12, 2015
The creditors of bankrupt Skymark Airlines chose All Nippon Airways (ANA) as its equity partner going forward. This of course leaves Delta—again!—without a dance partner in Asia. With that news, we take the opportunity to consider the condition of Japan’s long-time duopoly. What does this mean for Japan Airlines (JAL) and Delta’s Asia business? Virgin Australia is having a tough time while Philippine Airlines is having the time of its life.
And in the Western world, Frontier Airlines is putting Humpty Dumpty back together again—profitably this time. We’ll explain in this week’s edition of The Airline Weekly Lounge.
August 5, 2015
With most European airlines having now reported second-quarter earnings, the picture is filling in. But it’s a mosaic—not a portrait. Some carriers did well. Some did lousy. One thing we learned from Ryanair and Wizz Air is that it’s good to be an ultra-low-cost carrier in Europe right now.
As for the legacy carriers, it’s not all bad—especially if your home economy is in the UK and you’re somewhat sheltered from the euro. Case in point: IAG, parent company of British Airways, Iberia and Vueling, which had a decent quarter. The Lufthansa Group plodded. Air France/KLM struggled. And Icelandair seems to be enjoying life in its own little corner of the canvas.