European consolidation nears the end game
With European airlines making record profits, the big players are back on the acquisition trail. How close are we to the end of consolidation process in Europe? And which airlines are still in play?
A roundup of post-pandemic European airline results
The year to March 2023 is the first relatively "clean" twelve month period since the pandemic. Now that we have the numbers from all the big players, what do they tell us about who has emerged as the biggest, and who is doing the best?
Lufthansa’s Italian Adventure
Lufthansa Group has finally reached agreement with the Italian state to acquire ITA, the company formed to take over many of the assets of the now defunct Alitalia. I took a look at how the deal is structured and what we know or can guess about their plans for the business.
March quarter results from Ryanair and EasyJet
Results from Ryanair today and EasyJet last week rounded out the figures for Europe's biggest airline companies. As the first clear twelve month period "post pandemic", what did they reveal about the state of play in Europe's airline industry?
Comparing European airline cargo results for 2022
The cargo divisions of airlines are usually overshadowed by their more glamorous colleagues in the passenger business. But as European airlines continue to report record cargo profits, I decided to take a look at how the big three groups did in 2022.
IAG full year results
IAG reported its first full year profit for three years last week, with operating profits of €1.2 billion and a pre-tax profit of €415m. How did the results compare to European peers? Which airlines within the group did best? And what other interesting nuggets of information were buried in the small print?
European airline groups back to profit in Q3
The big three European network airlines groups reported their first solid profits for three years in the third quarter. Which of their airline brands are doing the best?
Normalising Q2 results for fuel and emissions hedging
Fuel hedging policies had a dramatic impact on Q2 airline results in Europe. Which airlines delivered the best results? And how much of that was down to hedging policies?
European airline winners and losers from the pandemic
As the fog starts to clear on the airline recovery, which airlines are emerging from the pandemic as winners and how well did market analysts do early on in predicting who that would be?
War in Europe
Shocking news from Ukraine today. Understandably, airline share prices fell heavily. What are the practical implications for airline management teams?
A not quite end of year review
As we approach the end of what has been another eventful year for the aviation industry, I reflect on how things have turned out compared to my expectations at the end of 2020.
An inflection point for the European network carriers
The European network airline groups are starting to recover after almost two years of catastrophic losses. What do their latest results tell us about how well they've weathered the crisis and their prospects going forward?
Record losses for 2020 at IAG
IAG reported record losses for its 2020 financial year. How did its figures stack up against other European airlines and what are the prospects for 2021?
Airline industry predictions for 2021
2020 has been the worst ever year for the aviation industry, but the arrival of vaccines is finally providing some grounds for optimism about 2021. What might we expect to see next year? I've made a few predictions.
Waiting for a vaccine: the big three European network airlines in Q3
All three of the big network airline groups in Europe made big losses in the third quarter. That is going to continue until we see a recovery in demand. We got some good news on that today, but which company coped best in Q3 and how are they doing getting themselves in shape for the future?
Lufthansa versus IAG, who did better in Q3?
IAG and Lufthansa have just shared the headlines of their upcoming Q3 results. What do they tell us about which is handling the crisis better?
Outlook for European airline revenue in Q3
As we enter the final month of the third quarter, what can we say about how much revenue Europe’s airlines are likely to have earned when they report their next quarterly results?
Europe’s big airlines clear the first hurdle
With the second quarter results now in for all the big European airlines, how well did they manage the grounding phase and what kind of financial position are they each in for the restart?
You don’t know what you’ve got till it’s gone
Comparing the liquidity positions of IAG and Lufthansa, given the huge difference in levels of government support.