1、A business of Marsh McLennanAirline Economic AnalysisState of the Industry:3Q 2025By Tom Stalnaker,Khalid Usman,Grant Alport,Andy Buchanan,and Aaron TaylorCONTENTS1Introduction2Global overview3Airline performance by regionNorth America(US/Canada)EuropeLatin AmericaAsia/PacificAfrica/Middle East/Indi
2、a4Special topic:US DOT Form 41 Year-End 2024 Analysis 5Appendix3 Oliver Wyman The Airline Economic Analysis is Oliver Wymans report on the financial state of the airline industry We have published the AEA annually for the past 15 years as a written report,heavily focused on the US sector We are tran
3、sitioning to a quarterly release with a more global focus and a lighter,more visually driven style The AEA will continue to include traditional in-depth analyses,including US industry financial deep dives and global capacity trends We also will continue to publish features on emerging trends and the
4、ir implications for the industry and its ecosystemComparison of featuresPrior versionNew versionRelease scheduleAnnualQuarterlyCoverageUS emphasisGlobalScopeAirline industry and macroeconomicsAdditional granularity using proprietary toolsFormatTraditional written reportSlideshow styleDeep-dive topic
5、sTypically,four areas of deeper analysisRetained and spread throughout the yearSpecial topicsTypically,34 articles on trending topicsRetained,released as meritedWELCOME TO THE NEW AIRLINE ECONOMIC ANALYSIS REPORTWe will publish quarterly reports and other updates on ,so be sure to check back regular
6、ly.What is the Airline Economic Analysis(AEA)and what is changing?4 Oliver WymanResults for each region are presented in three sections,using the following approach:1.Financial results summary2.Results by business model3.Production reviewWhat we report Operating revenue,expense,earnings,margin Capac