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Europe’s Airlines Defy Turmoil as Sky-High Fares Spur Profits

  • IAG, Air France-KLM halt losses with estimate-beating results
  • Capacity curbs are lifting yields even as passengers suffer
Caps on passenger numbers at London Heathrow will limit capacity to 80% of 2019 levels over the summer.

Caps on passenger numbers at London Heathrow will limit capacity to 80% of 2019 levels over the summer.

Photographer: Chris J. Ratcliffe/Bloomberg
Updated on

As vacation-bound Europeans suffer airport chaos unleashed by staffing shortages and strikes, the peak travel season is proving to be lucrative for the region’s airlines.

Capacity caps introduced to ease delays and cancellations may have crimped passenger numbers, but they’ve also bolstered fares in a sector where demand was already close to matching supply on many routes.