What Happened
Earnings Season Continues With Key Operators Releasing Quarterly Results
Earnings season continues with several key Asia-Pacific carriers expected to report their quarterly results. The ‘Big Three’ Chinese airlines, along with Japanese operators ANA and Japan Airlines, will release their earnings amidst concerns over the impact of the Middle East conflict on fuel prices. Some carriers, such as Cathay Pacific and Singapore Airlines, have added extra flights to Europe in response to shifting demand. However, the rise in fuel costs has forced many operators to adjust their near-term operations, with capacity cuts lasting through June. This week’s earnings reports were previewed by FlightGlobal.