Returning to work after a two-week holiday and it’s good to know that at least in the airline industry not much has happened! If only it were the same in other areas…
Airlines Return to Profitability as Capacity Carefully Managed
The good news is that many of the major airlines around the world have been reporting their second quarter results in the last week and for many carriers they are certainly a lot better than this time last year and for many the third quarter outlook is better than expected. Interestingly many airline CEOs dodged the corporate demand issue focussing on the strength of the leisure market whilst others admitted it was a slower recovery than they expected but in the round, we appear to finally be working in an industry looking forward rather than wondering what next. Let’s hope that nothing happens to dampen that recovery.
As is always the case the next few weeks before the US Thanksgiving period is a quiet time for capacity, the winter season has…
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