OAG Coronavirus Update – Week Thirty-Nine Delta Air Lines Becomes The World’s Largest Carrier...At Least For This Week
Traditionally the next week is one of the most impressive displays of the success of the airline industry, the Big Three US carriers announce their third quarter earnings which cover the July to September period; the peak months of travel in many markets.
Last year United Airlines reported net income of US$1.0 Billion, Delta Air Lines adjusted revenues of US$12.6 Billion and American Airlines paid some US$44 million in dividends in the quarter. This week’s numbers will be slightly different but equally newsworthy.
Global capacity has shrunk week on week by less than 1% but has again fallen below the 57 million mark as some quite large changes in capacity by country impact the sum. With rumours of up to 40% of US domestic capacity at risk without a second CARES act the forward-looking picture is not good; of course, that is just rumour.
Read full article here
What we do know is that the first week of the IATA Winter Season is now only two weeks away and typically capacity in that week is around 5 million seats lower than this week; anyone for 50 million by then?