Last week in PlaneBusiness Banter we took an in-depth look at the results posted by Delta AIr Lines. This week — our mega-earnings issue tackles the 1Q15 results from American Airlines, Southwest Airlines, United Airlines, and Alaska Air Group. We’ve also got earnings summaries for JetBlue, Spirit, Virgin America and SkyWest — all of whom reported this week.
Volaris also reported last week and the Mexican ULCC did very well — which was reflected in the uptick in its share price.
But there was much more going on besides earnings the last week or so. First, it looks like the IAG-Aer Lingus deal is going to go down. Reports this week listed a number of conditions that it appears British Airways and IAG are willing to make. Looks like we could hear something definite on this in less than a month.
Meanwhile, in the Open Skies dispute involving the three major U.S. airlines and their argument that the agreements between the U.S. and the UAE and Qatar are being violated because of illegal subsidies being given the airlines in those countries by their respective governments, over 260 members of Congress signed a letter this week supporting the U.S. carriers’ argument.
Remember, all the U.S. carriers are asking for is for the U.S. to open up “consultations” on the agreements — a legal right the U.S. has — if it believes countries are not acting in good faith per the agreements.
We had a ton of letters this week from subscribers. I always like it when this happens. We’re talking about everything from wide-bodies landing at LGA to goats clearing airport grounds to an alternative view of the Open Skies argument to a study that looks at what happens in countries that turn over ATC functions to third parties. And more.
It’s a huge issue this week. Come in, pour yourself a large cup of coffee, and enjoy.