Jay Shabat

Every airport on the list is enormous, but even within this powerful group there are a handful of mega-terminals in a league of their own.

Q2 2025 was a mixed bag for U.S. airlines. We help make sense of it all in a special round-up show.

Charles de Gaulle once famously asked: “How can you govern a country in which there are 246 kinds of cheese?” Fortunately for Ben Smith, governing Air France-KLM isn’t quite that complicated. But he does now preside over four different airlines, some faring well, others faring poorly, as we discover in this week's feature story.

Will someone in South America please check the calendar? Is it still 2019? Latam, South America’s largest airline group, is paying a remarkably low 4.8 U.S. cents, excluding fuel, to fly one seat one kilometer. That’s almost identical to the 4.6 cents it paid six years earlier. In this week's feature story, we explore why Latam’s cost structure is basically the same as it was before the Covid crisis.

We’re thick into earnings season now. Here’s what that means for three big U.S. airlines.

There’s no shame in winning a bronze medal. Unless it’s a game of three players. The U.S. has just three global airlines. And for seven straight years now, the medal stand has looked the same. In the contest for best operating margin, Delta always wins the gold. United always wins the silver. And American always gets stuck with the bronze. In this week's feature story, we examine why.

In this week's show, Gordon Smith and Jay Shabat criss-cross the Atlantic to review the latest earnings from United Airlines and low-cost giant Ryanair.

Copenhagen is one of Europe’s fastest growing airports this summer. Scheduled seat capacity in the Danish capital is up 7% y/y, according to Cirium Diio. Surprisingly, Copenhagen is growing without much help from Europe’s low-cost airlines. It's legacy player SAS that’s responsible for most of the rise, as we explain in this week’s feature story.

In this week's show, Gordon Smith is joined by Jay Shabat and Meghna Maharishi to discuss the key takeaways from Delta's Q2 financials. The conversation then shifts to Wizz Air exiting its Abu Dhabi joint venture and the wider impact on the ULCC's business.

Tariff uncertainty. A slowing job market. Negative Q1 GDP. Does a fragile American economy spell trouble for U.S. airlines? There’s seemingly no need to panic. All is well, at least for Delta. The carrier kicked off Q2 earnings season not just the airline industry but all of Corporate America. Were the numbers any good? Yes, but with some caveats, as we explain in this week’s feature story.