Qantas continues to romp. In the first half of 2018, the flying kangaroo posted a 9% profit margin—one point better than in the same period last year. And with that, Qantas is working on its fourth consecutive calendar year with double-digit margins.

Despite more exposure to rising fuel prices, Air New Zealand still mostly kept pace. Virgin Australia, meanwhile, continues to miss out on Australasia’s booming airline sector. Scandinavia’s SAS appears to be having a great summer, which of course it will need if it’s going to have merely a good year. In India, Jet Airways is facing severe pressure. Qatar Airways is enduring a blockade that’s now more than a year old. Lastly, we explore this question: Have airline loyalty programs peaked?