Newsletter
EasyJet posted a first-half pre-tax loss of £552mn as the Iran conflict pushed fuel costs up and dampened summer bookings. Qatar Airways reported a $1.94bn full-year profit despite a near-total hub shutdown in February. Airbus warned A350 customers of fresh delivery delays.
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Norse Atlantic has hired JPMorgan for a sale process that could value it at $1.3bn including debt, as Q1 net losses deepened 60 per cent and passenger numbers fell 25 per cent in April amid fuel costs and route cuts.
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easyJet's H1 2026 pre-tax loss widened 40% to $740mn (552mn pounds) as fuel costs, legal provisions and new Italian base investments offset 12% revenue growth to $5.0bn and a record 90% load factor.
Newsletter
EasyJet reports a guided half-year pre-tax loss of between £540mn and £560mn this morning as the fuel crisis bites. The IEA warns Europe has six weeks of jet fuel remaining. Alaska Airlines launches Seattle–London Heathrow today as American opens Philadelphia–Budapest and Philadelphia–Prague.
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FAA administrator Bryan Bedford told Congress on 19 May the agency had a "bad design" that caused the Reagan National crash, and announced a fundamental structural reorganisation designed to end data silos and strengthen safety accountability.
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The FAA admitted to Congress it ignored 15,200 warnings before the 2025 Reagan Airport collision that killed 67 people. India is sending regulators to Boeing's Seattle lab to oversee fuel-switch testing tied to last year's Ahmedabad crash. easyJet reports half-year results tomorrow.
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Indian DGCA officials will travel to Seattle in June to observe Boeing's testing of a fuel-control switch module removed from an Air India 787 in February, Reuters reports, directly linking a London defect report to the Gujarat crash investigation.
Michael O'Leary has been right about fuel risk, ancillary revenue, secondary airports and marketing for thirty years. The industry is still laughing.
FlyAtlantic has been planning to launch transatlantic flights from Belfast since 2022. The launch date has moved three times. The A321XLR changes the economics of the model in ways that previous attempts could not access. Whether the airline can actually get off the ground is a different question.
Delta's American Express partnership generates $8 billion annually. IAG Loyalty is valued at $10.3 billion — double what it was worth in 2020. A forensic look at how frequent flyer miles became the most valuable asset in commercial aviation, and why the market still hasn't priced it correctly.
The Iran conflict has sorted the airline sector into two groups that were always structurally different but were previously priced as if they were the same. An independent analysis of which carriers have earned their current valuations — and which have not.
Independent analysis on airline financials, strategy and market-moving developments. Free, every week.
Ryanair posted a 40% profit jump to €2.26bn and declared itself insulated from the fuel crisis with 80% of FY27 jet fuel hedged at $67 per barrel. Delta cuts in-flight service on short-haul routes from today. British Airways quietly removed 19 international routes from its winter schedule.
Ryanair posted a record $2.63bn profit in FY26, up 40 per cent, with revenue rising 11 per cent to $18bn. The carrier withheld FY27 guidance entirely, citing fuel price uncertainty and zero visibility on H2 pricing.
Trump returned from Beijing with a 200-jet Boeing deal and a Chinese option for up to 750 more, though Boeing shares fell 4.8% on an underwhelming outcome. Ryanair reports full-year results this morning. Air France-KLM is considering rebranding to "The Blue Group" as it targets SAS and TAP.
Boeing's China deal landed at 200 jets — half what the market expected, and the stock fell on the news. This edition covers the gap between political promise and signed order, Singapore Airlines' deceptively strong FY2026 results, a Berkshire Hathaway bet on Delta, and more.
835 aircraft grounded at peak, $11bn in industry-wide costs, 360-day shop visits and no full resolution before late 2027. A verified financial audit of the GTF crisis, airline by airline.
China committed to 200 Boeing jets in Beijing and the share price fell more than 4 per cent. A Pro Insider analysis of why the number disappointed, what China's reservations are, and what the deal actually means for Boeing's long-term position.
Trump meets Xi in Beijing today with a Boeing aircraft deal, Iran and Taiwan all on the agenda. United Airlines announced daily Houston–Caracas service from August 11. United's 30,000 flight attendants ratified a new five-year contract, ending nearly six years without a pay rise.
Lufthansa moves to take majority control of ITA Airways in a €325mn deal. LOT Polish Airlines opens the first airline trial against Boeing over the 737 MAX. Wizz Air reports a breakeven full year despite the fuel shock. IAG launches an €825mn share buyback as British Airways bookings hold firm.
Ibrahim Canliel became Air Astana CEO on 1 April, succeeding 20-year incumbent Peter Foster. His first earnings call signalled a China pivot, a domestic fuel advantage and a first 787-9 delivery in the second half of 2026.
LOT Polish Airlines opened the first airline trial over the 737 MAX crisis in Seattle on Monday, arguing Boeing hid MCAS safety concerns to avoid costly pilot retraining requirements that would have weakened its pitch against Airbus.
Trump lands in Beijing today for a two-day summit with Xi Jinping, with a Boeing deal of up to 500 narrowbody and 100 widebody jets expected to be signed. A Turkish Airlines A330 caught fire on landing in Kathmandu, evacuating all 288 on board safely.
A runway intruder was struck and killed by a Frontier jet at Denver on Friday night, forcing evacuation of 231 souls on board. Trump flies to Beijing on Wednesday with Boeing CEO Kelly Ortberg and a 600-jet deal in play. Former Spirit pilots are ferrying 91 grounded jets to Arizona this week.