With the busy second-quarter earnings season over, hints have been emerging regarding airline performances during the critical July-September period.
The April-June earnings period winds down with a slight show of improvement from China’s three largest operators, even as they continued to be loss-making.
While most major global carriers have already reported second-quarter financial results, a trio of major Chinese airlines are poised to break the quiet period with a snapshot of the sector’s health.
Last week saw two Brazilian carriers report their earnings during a challenging period for operators in the country, while Spirit Airlines raised “substantial doubt” over its ability to survive
Following a flurry of financial results in the past week, earnings season takes a brief pause with most European and North American operators having reported their earnings. Focus will soon turn to several key Asia Pacific operators by the end of the month.
With most major carriers having reported second-quarter results at the tail end of earnings season, there is still intrigue in the week ahead – namely, the financial performances of a pair of US discounters and two Latin American flag carriers.
It does not get much busier in an earnings season than the coming week, as airline executives in Europe and the Americas seek to complete their reporting ahead of August holidays. At the same time, the Asia-Pacific earnings season is set to get under way in earnest.
More airlines from North America and Europe are expected to report their financial results during the week, including low-cost operators Southwest Airlines (24 July) and Ryanair (21 July).
The earnings season is kicking into gear this week. The global industry will also be reacting to the first findings of the investigation into the fatal Air India Boeing 787-8 crash
The airline earnings season will kick off with major US carrier Delta Air Lines reporting its second-quarter results on 10 July and European low-cost carrier Norwegian set to share results the following day.