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.
In a span of three months, the airline sector went from cautiously monitoring potential economic fallout from the USA to dealing with operational uncertainty from simmering tensions in the Middle East.
The ratcheting up of tensions in the Middle East is having an impact on airline operations in the region as airspace closures and safety concerns prompt re-routings and cancellations, and weigh on passenger demand.
The global aerospace industry has gathered in Paris for this year’s international air show with two recent developments weighing heavily on sentiment – and the activity that is likely to take place in Le Bourget.