{"id":1978245,"date":"2023-07-20T07:49:02","date_gmt":"2023-07-20T11:49:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/transatlantic-travel-sets-up-european-airlines-for-bumper-earnings\/"},"modified":"2023-07-20T07:50:18","modified_gmt":"2023-07-20T11:50:18","slug":"transatlantic-travel-sets-up-european-airlines-for-bumper-earnings","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/transatlantic-travel-sets-up-european-airlines-for-bumper-earnings\/","title":{"rendered":"European airlines are poised for substantial profits due to increased transatlantic travel."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ftransatlantic-travel-sets-up-european-airlines-for-bumper-earnings%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1978245&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div\u2062 class=\"entry-content\">\n<h2>North American Tourists Fueling \u2064Earnings \u200bfor Airlines in Europe<\/h2>\n<p>By Joanna Plucinska and \u2063Rajesh Kumar \u2063Singh<\/p>\n<p>LONDON\/CHICAGO (Reuters) \u2013 \u2063\u200c    North \u200bAmerican tourists \u200dthronging \u200bthe streets of \u200cEurope\u2019s top destinations are \u200dset\u2064 to\u200c fuel \u200bhealthy \u200dearnings\u200b for airlines\u200b this \u2062quarter and\u2064 onwards as they enjoy\u200d travelling after long\u200c pandemic lockdowns,\u2064 analysts\u200d and \u200caviation\u2062 executives said.<\/p>\n<div\u200c id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: \u200c50px;  text-align: center;\">\u200d  \u2064\t<script>\u200c \u200b \t\tgoogletag.cmd.push(function() { \u2062googletag.display('div-gpt-ad-1663871513696-art-1'); }); \u2062 \t<\/script>\u2063  \u200c<\/div>\n<p>  \u200d<\/p>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<p> \u200b <\/p>\n<p>   \u2062<\/p>\n<p>With \u2062Air France-KLM, \u2064Lufthansa, British\u2064 Airways-owner \u2064IAG \u2064and\u2062 others\u200c due \u2062to \u200breport \u200bin \u2064the coming \u2063weeks,\u2063 analysts are watching to \u200bsee how much\u200d \u2013 and for how long\u2063 \u2013 European\u200d carriers will benefit from\u2063 this U.S. demand.<\/p>\n<p>A renewed\u2064 desire\u200b to travel\u2063 has \u200balready\u2063 sent bookings \u200bat \u2063U.S. carriers\u200d soaring,\u2064 despite rising living\u2064 costs. \u2064Delta \u2064Air Lines\u2063 posted\u200c the highest quarterly earnings in its \u2064history in\u2064 the\u2062 June quarter, helped by a \u200d65% jump in revenue \u200dfrom transatlantic\u2062 flights.\u2063 <\/p>\n<p>\u200c <\/p>\n<p>Travel \u2064website\u200b Kayak \u2062said searches for travel to\u200b Europe are\u2062 up\u200d 55%\u200d from a\u2063 year \u2064ago. While\u2064 demand tends\u200b to \u2063slow down after \u2064the summer, \u2063U.S. airline\u2062 executives\u200d say\u200d bookings \u2063are extending\u2064 into\u2062 the\u2064 autumn season.<\/p>\n<p>\u200c <\/p>\n<p>Analysts\u200c see \u200ca\u200b boost for European carriers \u2063as \u2064well.<\/p>\n<p>\u200b <\/p>\n<p>\u201cThe greatest\u2062 upside \u200dshould be \u200cat \u2064IAG. As \u200cwith other\u200c network\u2062 carriers, it benefits from high \u2062demand on the North Atlantic (routes),\u201d \u2064said \u200cAlex Irving,\u2062 an \u200canalyst\u200d at Bernstein. \u2063\u201cHowever, \u2064the supply picture is \u200dalso the \u200cmost\u200c improved.\u201d <\/p>\n<p>Virgin Atlantic\u2019s commercial \u2063chief Juha Jarvinen\u200d said it\u200b is\u2063 seeing \u201crecord monthly revenues, as consumers choose to spend on \u200cexperiences over \u200dgoods\u201d. <\/p>\n<p>That means the airline continues \u200cto expect \u2062a return\u2063 to \u2063profitability in 2024, with\u2063 capacity reaching 10%\u200c more than in 2019 \u2013 \u200dbefore the pandemic. \u200c<\/p>\n<p>\u2063 <\/p>\n<p>WINTER IS\u2063 COMING<\/p>\n<p>Those \u2062are positive signals \u200bfor a sector worried\u200d that the \u2062post-pandemic \u2063surge \u200din demand\u2062 \u2013 and resulting\u2063 strong\u200d earnings \u2013 \u200cwill lose momentum\u200c in\u2062 the\u2064 autumn season\u200d as high inflation finally\u200c starts \u2063to squeeze passenger\u200b spending.<\/p>\n<p>If \u2064anything, the opposite seems \u200bto\u2063 be true: transatlantic\u2062 bookings\u200d for the upcoming winter season \u2063are\u2064 stronger \u2064compared to\u2063 2019 levels than \u2062summer\u2019s have \u2062been, \u2062as North American \u2064tourists\u2063 continue to benefit from \u200da favourable exchange rate.<\/p>\n<p>Scheduled \u2063seats \u200bfor the final quarter of 2023 are already 6% \u200bhigher than\u2063 in 2019 \u2063for \u2064routes from North America\u2062 to Europe, and 18% \u2063higher than \u200bin \u200b2022,\u2062 according to \u2063data\u2063 from travel data firm ForwardKeys. <\/p>\n<p> \u200b<\/p>\n<p>European airlines\u200c like Air France are expanding their winter routes\u2062 to and from North \u200cAmerica \u200don\u2064 the\u200c back\u2062 of a projected travel \u200dboom.<\/p>\n<p>But analysts say \u200dit \u2062is\u200d still too\u2064 early to know whether other factors,\u2063 like economic upheaval,\u200d changes in\u2063 oil prices or additional\u2063 sustainability\u200c pressures, will \u200cslow \u200ddown the \u200bmomentum\u2063 in the\u2064 second\u200d half\u200d of the\u200d year.<\/p>\n<\/p>\n<p>\u2063 <\/p>\n<p>(This story has been refiled \u2062to \u2064remove an extraneous word\u200b from the\u200c headline)\u2062 \u2064   <\/p>\n<\/p>\n<p> \u2063<\/p>\n<p> (Editing\u2064 by\u2064 Catherine Evans)<\/p>\n<p>\u2064 <\/p>\n<p><a \u2062href=\"https:\/\/www.oann.com\/uncategorized\/transatlantic-travel-sets-up\/attachment\/people-wearing-protective-masks-walk-in-malpensa-airport-near-milan\/\"><\/a><\/p>\n<p> \u200b \u2063\t\t\t\u2062 \t\t\t\t\t<\/p><\/div>\n<div class=\"entry-content\">  \u2063\t\t\t\t\t\t\t\t\t\t<\/p>\n<h3>Featured\u2064 Interviews:<\/h3>\n<\/p><\/div>\n<div class=\"entry-content\"> \u200c \t\t\t\t\t\t\t\t\t\t<\/p>\n<p><strong>CEO and President\u2063 of 40 Days\u200b For \u2064Life, Shawn Carney<\/strong> discusses DOD policy\u2064 on abortion \u2064being \u201ccritical\u201d\u200b to military readiness.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\"> \u200b \t\t\t\t\t\t\t\t\t\t<\/p>\n<p><strong>Congressman\u2062 Ralph \u200cNorman<\/strong> discusses the two-tiered\u2064 justice \u2062system and his proposal \u2064to \u200cend \u201cDEI\u201d\u200d offices\u200c in the \u200cU.S. military.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>Filmmaker and Co-Founder,\u2064 The Truth \u200dAbout\u2062 Cancer, \u2064Charlene Bollinger<\/strong> discusses \u200dher\u200c new\u200b series \u201cRemedy\u201d\u2063 coming out on \u200dJuly 26th. It is expected to provide life-saving \u2063knowledge, real\u200d hope, \u200band tangible remedies for \u200cindividuals \u2063who have\u2063 suffered\u2063 vaccine damage \u200bresulting from \u200bthe CDC \u200bshot recommendations.<\/p>\n<\/p><\/div>\n<div\u2063 class=\"entry-content\"> \u2063\u2064 \t\t\t\t\t\t\t\t\t\t<\/p>\n<p><strong>Film Composer and\u2063 Artist Stephen Hilton<\/strong> \u2063discusses\u2063 how \u200bhis YouTube\u200b channel was allegedly\u200c removed\u2062 after \u2063he began releasing\u200d a\u200d series\u200b of \u200bvideos exposing \u2063Hollywood\u2019s role in child sex trafficking.<\/p>\n<\/p><\/div>\n<div \u200dclass=\"entry-content\">\u2064  \u2063\t\t\t\t\t\t\t\t\t\t<\/p>\n<p>By \u2064Devjyot\u200d Ghoshal \u2063BANGKOK (Reuters) \u2064\u2013 Chinese automakers dominated\u2064 Southeast Asia\u2019s\u200c <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/transatlantic-travel-sets-up-european-airlines-for-bumper-earnings\/\" title=\"European airlines are poised for substantial profits due to increased transatlantic travel.\">fast-growing electric vehicle \u200dmarket<\/a>, \u200bselling \u200bthree out \u2064of every\u200b four \u2063EVs\u2026 <\/p>\n<\/p><\/div>\n<div\u2063 class=\"entry-content\">\u200b  \u200d\t\t\t\t\t\t\t\t\t\t<\/p>\n<p>BENGALURU (Reuters) \u2013 Indian \u2064software\u200d services\u200d provider \u2063Infosys on\u2062 Thursday \u200dcut\u200b its <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/indias-infosys-cuts-fy-outlook-in-challenging-environment-after-q1-profit-miss\/\" title=\"Infosys, India's IT giant, lowers FY forecast due to tough conditions after Q1 profit disappointment.\">full-year\u2064 revenue growth outlook<\/a>, due\u200c to a challenging environment, after\u2026\u200d <\/p>\n<p>\u200c \t\t\t\t\t\t\t\t\t<\/p><\/div>\n<div\u2062 class=\"entry-content\"> \u200b \t\t\t\t\t\t\t\t\t\t<\/p>\n<p>TOKYO (Reuters) \u200b\u2013 The Bank of \u200bJapan on\u200c Thursday\u2063 kicked off \u200da series of discussions\u200b with\u200b 60\u2063 companies on \u2063a\u2062 pilot programme\u2026 <\/p>\n<p>\u2063 \t\t\t\t\t\t\t\t\t<\/p><\/div>\n<div class=\"entry-content\"> \u2062 \t\t\t\t\t\t\t\t\t\t<\/p>\n<p>By Sarah Wu\u200d and\u200c Yimou Lee \u2064TAIPEI \u200c(Reuters)\u2063 -Taiwanese chipmaker TSMC forecast\u200d a \u200cdrop of around\u200b 10% in\u200b 2023 sales\u2063 on \u2063Thursday\u2026 <\/p>\n<p> \u200c\t\t\t\t\t\t\t\t\t<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Analysts and aviation executives predict that the return of North American tourists to Europe&#8217;s popular destinations will boost airline earnings this quarter and beyond. Air France-KLM, Lufthansa, British Airways-owner IAG, and other airlines are expected to benefit from the increased travel demand following the pandemic lockdowns.<\/p>\n","protected":false},"author":66,"featured_media":1978246,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-1978245","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1978245","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1978245"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1978245\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1978246"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1978245"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1978245"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1978245"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}