Airline earnings tips

Southwest Airlines is pulling out of four airports as it deals with Boeing delays.

Spirit CEO Ted Christie criticized the current state of the airline industry, saying that profits have been “concentrated around two companies,” during a call with analysts on Monday. 

Delta announced Monday that it plans to give its employees 5% raises and increase the minimum starting wage for frontline employees to $19 an hour.

Emirates airline, Dubai’s flagship carrier, posted a significant jump in net profit for the first half of financial year 2023-24 on the back of strong demand, the company said on Thursday, while Group profit surged to a record high.

Singapore Airlines on Tuesday posted a record half-year profit reflecting strong travel demand as passenger traffic to the northern part of Asia rebounded after countries fully reopened post the Covid pandemic.

Ryanair on Monday forecast a record annual profit and promised to pay investors a regular dividend for the first time after fares soared 24% during its key summer season.

JetBlue Airways had a rough third quarter, as weather-related disruptions and surging jet fuel costs weighed on profits.

China Southern Airlines and China Eastern Airlines each reported first quarterly profits in more than three years on Friday, as a pickup in international flights complemented a recovery in the domestic market.

Registering a record performance for the first six months of the financial year, Dubai state carrier Emirates Airline on Thursday reported a net profit of $1.08 billion for the first half of the financial year, compared to a loss of $1.6 billion for the same period last year.