Gordon and Jay unpack major leadership moves shaping the industry, from Willie Walsh’s shift to IndiGo to Michael Rousseau’s departure from Air Canada. Later, they dive into fuel prices and what’s ahead for Alaska Airlines.

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02:26 JetBlue Seeks a Partner

04:42 Willie Walsh to IndiGo

08:25 IATA Succession Talk

11:11 Air India Leadership Rumors

12:00 Air Canada CEO Steps Down

18:50 What Are IDEA Awards

19:37 Who Can Enter

20:09 Airline Categories Explained

21:19 Quiz And Sample Forms

23:29 Back To Lounge News

23:53 Fuel Price Reality Check

24:49 Alaska Warns Bigger Loss

26:22 Mexico And Hawaii Demand Dip

28:41 Alaska Expands To Europe

30:33 Widebody Risk Debate

31:10 Why Buy Hawaiian

34:12 Seattle Long Haul Competition

37:35 Integration And Outlook

39:21 Wrap Up And Subscribe

In part one, Gordon and Jay unpack a whirlwind few days for the global airline industry, including fresh insights on jet fuel prices. In part two, the conversation turns to intriguing developments at Filipino low-cost carrier Cebu Pacific. 

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01:17 Fuel Price Crisis Update

04:57 Other Industry Headlines

05:31 Earnings Season Preview

09:18 Demand Strong Despite Costs

11:30 Listener Mail and Break

11:53 Skift Idea Awards Spotlight

16:53 Back From Break and Setup

17:25 Cebu Pacific Overview

20:43 Profitability and Challenges

21:39 Fuel Shock and Fare Hikes

26:23 Wrap Up and Subscribe

Fuel accounts for roughly 20–30% of an airline’s operating costs—so when prices surge, the impact can be immediate and significant. In this week’s show, Gordon and Jay break down how U.S. airlines are navigating this historic spike and explore what it could mean for supply and demand. 

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Approximate Time Stamps

00:36 Fuel Crisis Reality Check

Jay Shabat is joined by Meghna Maharishi and Skift's Head of Research Seth Borko for a crossover Airline Weekly Lounge that hits two pressure points at once: a sudden jet fuel spike and the growing airport disruptions from the current US government shutdown. 

First, Seth breaks down what the fuel surge could mean for US carriers, using airline SEC disclosures to translate price moves into real dollars, and why the pain can vary by region even when the shock is global. 

Then Meghna walks through what travelers are feeling on the ground as TSA agents miss paychecks, security lines balloon at several airports during spring break, and Global Entry remains suspended, creating additional bottlenecks for international arrivals. The team closes with what to watch next, including signals expected from airline leaders at the upcoming JPMorgan Industrials conference.

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In a week when the world's busiest international airline ground to a halt and Gulf hubs faced aerial attack, Gordon and Jay explore the impact of the Iran war on the aviation industry. In part two, we take a closer look at the latest earnings from Qantas and Virgin Australia.

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In part one, Gordon and Jay review the latest numbers from Singapore Airlines and explain why context is key when determining success. In part two, we preview the annual results from British Airways and Iberia's parent company, IAG. 

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Delta and United are dominating airline profits while American falls behind, and Frontier struggles to recover.

Jay Shabat and Meghna Maharishi break down airline earnings, American’s leadership pressure, and Frontier’s turnaround strategy.

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In part one of this week's show, Gordon and Jay crunch the latest financials from Icelandair and discuss how it plans to become sustainably profitable. In part two, the conversation turns to global airports, as we reveal the major hubs with the biggest shifts in capacity for Q2.

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 In this week's show, Gordon and Jay discuss the latest results from Japan's two mega-airline groups. With inbound visitor numbers soaring, but domestic air travel down, we analyze the key financial and operational metrics separating ANA from JAL.

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In part one of this week's show, Gordon and Jay discuss the latest quarterly earnings from American Airlines and JetBlue. In part two, the discussion turns to Ryanair, with a deep dive into its financials and 2026 strategy. 

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