The world’s largest independent aerostructures supplier no longer exists. How does that change who gets to build airplanes? If Spirit is gone, how does anyone new get in? First, what happened? Boeing closed its $4.7bn purchase of Spirit AeroSystems on…
War-risk insurance is now a competitive advantage in the Gulf. Emirates reportedly pays about $100,000 a week to cover its whole fleet. Foreign rivals were quoted $70,000 to $150,000 per flight. Both figures date from March, per the Financial Times.…
IAG’s 3Q26 operating profit fell 16% to €1,726m, and fuel rose €570m on €416m of new revenue. The 17.7% margin still beat Lufthansa at 11.5% and Air France-KLM at 13.6%, though definitions differ. The Quarter IAG reported on November 6.…
Lufthansa grew 3Q26 adjusted EBIT by 6% to €1.41bn, and a fuel hedge did the heavy lifting. Lufthansa Airlines, the core brand, is still €180m in the red over nine months. Lufthansa reported on November 3. Reuters had the consensus…
Air France-KLM grew 3Q26 adjusted operating profit by 10% to €1,346m, while fuel and CO2 costs rose 25%. Premium fares and cargo paid the bill. The 3Q25 margin in the table is our math. Group capacity rose only 1.3%. Revenue…
Emirates earned $1.0bn before tax in the first half of FY27, down 68%. Without its fuel hedge, the airline would have lost money. Emirates Group reported on November 5. The comparison is the record first half of FY26, when profit…