European companies estimate earnings beyond all expectations
The analysts and managements of the main European airlines are looking optimistically to the "Summer 2023" season. In particular, in this quarter the companies estimate record revenues from the sale of tickets for transatlantic connections between the United States and Europe. The phenomenon is fueled by the boom in flight bookings to the Old Continent by North American tourists.
Among the airlines that will benefit most from this wave of bookings are the French-Dutch Air France-KLM, the German Lufthansa, the IAG Group (International Airlines Group) owner of British Airways, the US Delta Air Lines and the British Virgin Atlantic. All of these companies have seen a sharp increase in ticket sales on international flights.
In short, despite the increase in the cost of living, the desire to travel increases. Just look, for example, at the quarterly earnings recorded in the April-June period by the air carrier Delta Air Lines: +65% of revenues from transatlantic flights. A performance never so high in the history of the company. Trend confirmed by the "Kayak" booking web portal, according to which travel searches in Europe have increased by +55% compared to 2022.