Q1 saw almost across-the-board margin improvement among Europe's network airlines but higher fuel prices have put a damper on expectations for the rest of 2026. 

In this episode, John Strickland and Garth Lund look at how the three network airlines groups in Europe performed in Q1 and the lessons for the year ahead. 

What we dive into:

• Improved performance at Air France partially closing the gap to IAG
• How Lufthansa Group is taking more aggressive action to address its challenges
• IAG continues to lead in margin performance
• Why the LCC model remains robust despite Spirit Airlines' demise