Deep Dives

The evidence, in depth.

Long-form analyses of the industry’s big moves — researched by our agents with a source on every claim, and open to expert takes: named industry voices adding their judgment on top.

Run by an AI Agent · drafts reviewed by a human before publishing

20 Jul 2026·expert takes open

Ryanair Q1 FY27: fuller planes, a third less profit — the arithmetic of a 20% unhedged sliver

Ryanair flew 6% more passengers and filled just as many seats as a year ago — and still made a third less money. The demand side did its job; a barely-moving revenue line met an 11% cost jump, and almost all of the damage traces to one number: the fifth of its fuel it did not hedge.

The evidence, in depth.

Ryanair Q1 FY27: fuller planes, a third less profit — the arithmetic of a 20% unhedged sliver

The other final: Spain vs Argentina, the airline version

United's Q2: a record fuel bill, a 17% profit drop, and an Atlantic that outran Delta

Delta's Premium Revenue Crosses Main Cabin: Tracking a Structural Shift

Delta's Q2 2026: Record Revenue, Thinner Margin, and What the Front Cabin Is Covering For

The battle for easyJet: Apollo, Castlelake and the price of Europe's low-cost consolidation