RESOLVING THE LEDGER
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Before the Iran war, all three of Europe's largest legacy players enjoyed decent profits. A costlier second half of the year will test how much of that holds.
LinkedIn X Facebook Email Gift Will the traffic diverted from Gulf hubs to European hubs stick once the conflict eases? Which of the three groups is best positioned to protect margins given their different hedging levels? How might the TAP Air Portugal and EasyJet deals reshape Europe's competitive landscape? Select a question above or ask something else
They jointly carry hundreds of millions of passengers a year across more than 20 operating airlines and underpin much of the continent's long-haul connectivity, making these results an important gauge of the wider travel economy.
The reports – covering the important April to June period – arrive midway through a turbulent year. The Iran war started in late February, bringing closed airspace and route suspensions that stretched deep into the second quarter.
The impact of the conflict extended far beyond the Middle East. Soaring fuel prices led to the International Air Transport Association (IATA) slashing its 2026 global airline profit forecast in June, with net income to $23 billion, down from the $45 billion glo
Tags: air france-klm , airlines , earnings , iag , iran war , jet stream , Lufthansa Group , ryanair , trump effect
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