Long Read
Jet fuel fell 14.2 per cent last week, the largest single-week drop since the Iran conflict began. The carriers best placed to benefit are not the ones that hedged most aggressively. This piece explains who gains first, who waits longest, and what breaks the thesis.
Analysis
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.
Long Read
The UK has begun dismantling its post-EU slot allocation rules for the first time since 1993 — but the harder questions on grandfathering and secondary trading remain unresolved.
Analysis
China's state airlines ordered 353 Airbus jets and zero Boeing aircraft in the first four months of 2026. With a 500-jet Boeing deal tied to a Trump-Xi summit on May 14, Airbus is locking in a structural advantage that diplomacy alone cannot quickly reverse.
Long Read
Singapore Airlines filled 93.5% of its European seats in March. Cathay Pacific carried 24% more passengers year-on-year. Korean Air posted a record quarter with European revenue up 18%.
Long Read
The Strait of Hormuz opened for twelve hours on Friday. By Saturday morning Iran had closed it again. For an unhedged carrier still in post-bankruptcy recovery, every additional week of this costs money it cannot spare.
Analysis
Jet fuel prices remain double their pre-war levels. IATA warns of European cancellations by end of May regardless. The carriers that survive the rest of 2026 intact are already visible — and so are the ones that may not.