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 saw their China problem solved in Q4, and both received a lift from cargo and won appreciation.
Air Canada and WestJet are trying just about everything to compete against each other, and it’s working—for the moment. Spirit is delivering solid profits, although they aren’t Spirit-like. Meanwhile, fellow Scandinavian carriers Norwegian and Finnair likely have divergent views on 2017—one was glad to see it go, while the other likely wished it would never end.