Europe’s third largest low-cost carrier (after Ryanair and easyJet) just reported another dismal quarter. In this week's feature story, we explore the key factors causing problems for the LCC and examine plans to get Wizz Air onto a stronger, more strategic, flight path.
While Asia-Pacific, Latin America, the Middle East, and Africa showed growth and Europe remained stable, North America witnessed a 5% slowdown, mainly due to the “Trump Effect” bringing policy changes, travel bans, and tariffs, leading to shifts in travel sentiment.
Based on what we saw during Alaska’s investor day in December, expect more routes to Europe and Asia, including London, Paris, Bangkok, and Ho Chi Minh City.
Heavy first quarter losses. A tariff war that threatens global commerce. Signs of softening in the all-important transatlantic market. Surely the Lufthansa Group must be worried? On the contrary, despite the rather nasty $932m Q1 net loss it reported last week, bosses at the European aviation powerhouse struck a decidedly upbeat tone. In this week's feature story, we ask if this optimism is justified.
Another major airline is raising concerns about the slow ramp-up of greener jet fuels and warning that decarbonization could slip out of reach. Is this crunch time for aviation’s climate commitments?