As the second quarter financial results for airlines begin to be finalised, for many carriers’ revenues are higher than ever reported before, suggesting that it has been a bumper season for airlines around the world.
Those results then go on to report some of the highest operating costs as well! Now if only there wasn’t a series of economic issues, volatile currency markets, political issues, the threat of another round of Covid as winter approaches and of course China remaining closed! At every operating height and level there are strong headwinds to be faced this winter, but at least the industry has proven the strength of the market in even the hardest of times.
Continued confidence in the market is reflected in airline capacity broadly remaining unchanged week-on-week through to the year-end with some modest increases in capacity reported (although they reflect late schedule notifications from China rather than any significant moves in sentiment).
The consensus, and one…
Read further.
#OAG