Taking stock on European airline emissions
Aviation has been part of the European Emissions Trading Scheme for over a decade. What effects has it had on overall emissions and which airlines are responsible for the biggest increases? And what are the prospects for the scheme being extended to cover long-haul flights?
A quick round-up of European airline results for 2024
All the 2024 results are now in the for the big European airlines. Who were the winners and who were the losers?
Stonking full year results from IAG
Full year results from IAG set new records and reconfirmed the company as one of the top industry performers from the perspective of profitability. I took a quick look to see what the results showed.
Prospects for a third runway at Heathrow
Runway expansion at Heathrow is back on the agenda following recent announcements by the government. We've been here before several times over the past couple of decades and each time the plans have gone nowhere. Could things be different this time?
Full year 2024 results from Heathrow
Heathrow announced its full year profits for 2024 yesterday. After predicting dire consequences from the 14% reduction in airport fees imposed by the CAA, what did the actual results show?
2024 End of Year Review
European airline profitability in 2024 was down on the previous year, but still strong by historical standards. Which airlines drove that performance and what might lie ahead for 2025?
The growing cost of airline emissions in Europe
Whilst jet fuel prices have been falling recently, European airlines face growing emissions charges as free allowances are phased out. Which airlines will be most affected? And what are the longer-term implications of growing emissions costs?
Catching up on Q3 results from European airlines
After a record breaking profit year in 2023 for many of Europe's big airlines, opinions were divided about whether they could repeat the trick in 2024. With Q3 results now mostly published, how are things looking?
The sustainability benefits of hubs
Some people argue that hubs are inefficient from a sustainability perspective and that flying direct is always lower emissions. The benefit of taking one flight rather than two is clear, but there are other factors that need to be considered.
What does Ryanair's recent profit slump tell us about the state of the aviation market in Europe?
When Ryanair reported poor June quarter results, it blamed a weak pricing environment, causing European airline shares to take a hit. However, subsequent results from competitors seem to tell a different story.
A stocktake on the financial health of Heathrow
Heathrow airport threatened dire consequences if the CAA didn’t back down on proposals to cut its fees by 20% in real terms. Now that the changes have come into effect, what has the impact been in reality?
A comparison of European airline results for 2023
We are now far enough into 2024 to have a pretty complete picture of European airline performance in 2023. Overall, it was a year of record profitability, much needed after the financial ravages of the pandemic. But which airline brands performed best?
IAG’s full year results for 2023
IAG has just announced its full year results for 2023. Both the €3.5 billion operating profit and the €3.1 billion pre-tax profit were all-time records. How did the figures compare to what I'd been expecting?
Heathrow Results for 2023
Heathrow pitched its results for 2023 as “barely profitable”. Last year, I predicted a bumper set of results due to an overly generous CAA interim settlement and a strong passenger recovery. Which version of the truth better reflects reality?
End of year review for 2023
A look back at the events of 2023 in European aviation and a few thoughts about 2024.
Comparing the balance sheets of IAG and Air France - KLM
Both IAG and AF-KLM are focusing on improving their balance sheets, after the ravages of COVID. Which company has the most work to do?
More record profits at IAG in Q3
Q3 pre-tax profits at IAG of €1.7 billion set a new record for a single quarter. But the company’s share price remains mired in the doldrums. What is going on?
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?
Record second quarter results at IAG
IAG posted a record-breaking set of results for Q2, confirming the strength of the profit recovery on the back of very strong unit revenues. What do the results imply about the outlook for the full year?
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?