Indian LCC IndiGo reports a strong return to full-year profitability, and it is targeting more capacity growth despite continuing engine-related groundings.
Given the accounting change, Spirit Airlines now estimates it will recognize roughly $1.6 million of credits from grounded aircraft in the first quarter.
Capacity constraints will prevent a full recovery within Europe’s short-haul market this summer, dampening traffic growth but signaling higher yields for LCCs.
While Swiss International Air Lines works to mitigate the impact of GTF-related groundings, CEO Dieter Vranckx is looking ahead to what will replace its 777s.