Planes are soaring off from runways jetting millions away on holiday, but there’s little clarity where the industry will land after the summer.
Aviation is booming — for now. The lingering benefits of Covid’s pent-up demand have supported strong seat sales, ongoing constraints on jet manufacture suggest prices will continue to rise, and with costs expected to stabilise, carriers will rebuild margins back to pre-pandemic levels.
These trends have been noted by investors. Budget carrier Wizz Air is up 30 per cent this year, British Airways owner IAG costs 28 per cent more than at the same time a year earlier and easyJet has risen 15 per cent.
Some carriers are carrying an awful lot of debt, though. Wizz Air tapped the bond market twice