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?
Heathrow pushed into big losses in Q2
Heathrow airport announced big losses in the second quarter, taking losses so far this year to over £1 billion. I looked behind the headline figures to see what the results tell us about what has being going on at the UK’s biggest airport in the middle of the worst aviation downturn in history.
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?
Sweet Redemption for JetBlue
We take a look at the value opportunity for JetBlue for its loyalty program TrueBlue following the recent announcement of a strategic partnership with American Airlines.
British Airways cuts a deal with its pilots
Yesterday BA’s pilot union BALPA announced that it was launching a formal consultation with its members over the terms of a deal that has been negotiated with the company to address the massive hit to the airline’s finances from COVID-19. I compare the terms to those that were rumoured at the start of the month.
British Airways sends the 747 into early retirement
British Airways announces the early retirement of its 747-400 fleet. A few statistics and some personal reminiscences.
A big move in the battle for New York
American and JetBlue have announced a long rumoured partnership deal, a hugely significant strategic move for both carriers, with implications also for their other partners.
Does your airline’s post COVID plan stack up?
Some tips and tests to apply when judging how well your post COVID plan stacks up.
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.
Virgin’s £1.2 billion rescue deal, what has changed?
Virgin Atlantic has announced that it has secured a £1.2 bn rescue deal, up from the previously rumoured £900m package. Where has the new money come from, and is it really new money at all?
A quick update on the London - Spain market
A week is a long time in today’s airline business. I check in again on how UK airlines are faring on flights to Spain as they ramp up schedules post relaxation of the lock-down.
A spot of sunshine amidst the COVID-19 airline gloom?
With Spain once again open for business for lock down weary British tourists, could this also provide some financial relief for the UK's cash starved airlines? With assistance from data guru Pablo Fernandez, I took a look at what we can pick out from the data.
Virgin Atlantic rescue: do the sums add up?
What can we expect from the rumoured £900m Virgin Atlantic rescue deal?
British Airways pilot deal, what does it tell us?
British Airways has reportedly reached a deal with its pilot unions to reduce costs in the face of COVID-19. If media reports about the deal are correct, what does it tell us about BA's capacity plans and its attempts to rebuild profitability?
Air travel demand post COVID
What will air travel demand look like over the next year? If we believe what consumers are telling us, it might be stronger than we think.
IAG versus Air France-KLM: a tale of contrasts
My previous post comparing the liquidity levels of Lufthansa with IAG proved to be fairly popular. So I've done a sequel looking at the other big network airline group, Air France-KLM, again using IAG as the reference point.
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.