Lufthansa - ITA Airways Financial Sustainability Questions Without Lufthansa Partnership/Steering

European Airlines - Fare Softening Suggests Elevated Earnings Risk with Self-Help Stories Crucial

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European Airlines - Difficult to Avoid Long Haul Earnings Declines in 2024

European Airlines - Assessing Fuel Price Risk to Earnings

Lufthansa – Portfolio Carrier Catch up Requirements Analysed

European Airlines – Increasing Confidence in LCC Summer Pricing and Profitability

Founder & Managing Director, AIR Control Tower, AIR Control Tower

Neil Glynn

Founder & Managing Director, AIR Control Tower

AIR Control Tower

AIR Control Tower is an independent research and analysis platform. Its mission is to provide impactful insight and analysis across the global airline industry at a company and market level via detailed financial models to aid decision making for key stake holders at a time when risks have seldom, if ever, been higher and the global sector grapples with the imperative of funding de-carbonisation. Unique analysis forecasting global carrier-level earnings/cash flows, and restructuring/de-leveraging prospects, is designed to dynamically assess the health of the industry, predict surprises and identify potential requirements for third party support.

Insights on the global airline industry

Equity Bottom-Up

<ul>
<li>We update forecasts for the European airline sector, highlighting it will be difficult for most carriers to grow earnings in 2023.</li>
<li>We publish detailed earnings bridges highlighting the damage to full year earnings from structural damage to 1Q results due to inflationary pressure and the loss of corporate traffic</li>
<li>This also suggests opportunities for the sector to address winter woes to supplement strong summer performances.</li>
</ul>


We update forecasts for the European airline sector, highlighting it will be difficult for most carriers to grow earnings in 2023.
We publish detailed earnings bridges highlighting the damage to full year earnings from structural damage to 1Q results due to inflationary pressure and the loss of corporate traffic
This also suggests opportunities for the sector to address winter woes to supplement strong summer performances.


International Consolidated Airlines Group (IAG LN)

International Consolidated Airlines Group

European Airlines – The Ravages of Increased Earnings Seasonality

Deutsche Lufthansa

European Airlines – The Ravages of Increased Earnings Seasonality