The end of the beginning?
More than six months into the crisis, the Q3 results for the big US airlines provide some perspective on how the industry is coping with the pandemic and the scale of the value destruction that has already taken place.
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?
easyJet posts first ever annual loss
easyJet released a trading update this week in which it provided guidance on the scale of what will be its first ever annual loss. The company said it lost over £800m pre-tax excluding one-offs, or £1.3 billion including them. The first of the European airlines to provide figures for trading for the July to September quarter, the picture they paint is not a happy one.
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?
Willie Walsh’s last IAG results
Willie Walsh presented his last set of IAG results before he heads off into retirement at the start of September. How well did the team at IAG do in bringing down costs and managing cash in the face of the worst airline downturn in the history of the industry?
Bleeding out
There was much red ink on display in the big three US network carriers Q2 results. Who did the best job maximising revenue, minimising costs and stemming the cash burn?
Delta records $7 billion pre tax loss for June quarter
Yesterday, Delta became the first of the big airlines to reveal the scale of the financial impact of the COVID-19 crisis when it reported its results for the quarter ending June 2020.