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Stay connected with market changes and enjoy complimentary access to expert opinion and analysis from Ishka’s trusted team of analysts. Access Ishka View Extra reports covering three core categories:

• Airline Credit Profiles

• Transaction Economics (aircraft values, lease rates and transactions)

• ESG and Sustainable Aviation

Latest Report in Airline Credit Profiles

28/11/2022

Ishka View Extra: Airlines Credit Profiles report

In this week’s Ishka View Extra, we review the Chinese Big 3 airline performance this year and how the ongoing losses have impacted their balance sheets and their prospects in the near term. Unlike most other jurisdictions, China continues to adopt a relatively strict approach to managing the COVID-19 pandemic. Its zero-Covid policy continues to spur stringent curbs and immediate localised lockdowns whenever cases emerge...

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Transaction Economics

21/11/2022

Ishka View Extra: Transaction Economics report

NEW AIRCRAFT PRODUCTION TRAILS AIR TRAFFIC RECOVERY… While some airlines are bringing mothballed aircraft back into service, and others are retrofitting whole fleets to extend their lives and to keep their cabins relevant for today’s markets, another group of airlines...

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Airline Credit Profiles

14/11/2022

Ishka View Extra: Airlines Credit Profiles report

This week we review the performance of the three major European airline groups, Lufthansa Group, Air France-KLM and IAG. All reported healthy profits in Q3 2022 thanks to strong demand. Higher airfares offset higher operating expenses including high fuel prices, as well as...

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Transaction Economics

07/11/2022

Ishka View Extra: Transaction Economics report

AIR CARGO MARKET – SOFTENING?… Air cargo volumes declined 5% year on year (y/o/y) in September and 8% y/o/y in October, making it eight consecutive months of decline, based on weekly market data as reported by Air Cargo News...

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Ishka View EXTRA
Airline Credit Profiles

28/10/2022

Ishka View Extra: Airlines Credit Profiles report

We continue with our coverage on airlines from Southeast Asia in this week’s Ishka View Extra. In the previous issue, we highlighted how the operating environment for airlines in Thailand, Malaysia, and Vietnam has rebounded positively in 2022 as COVID-related travel restrictions...

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Ishka View EXTRA
Transaction Economics

24/10/2022

Ishka View Extra: Transaction Economics report

MOMENTUM CONTINUES WITH CARGO AIRCRAFT FLEET GROWTH…The section that writes itself in the TE Extra – Situation report continues to be the ‘Cargo Corner’. Airlines and lessors are continuing to ramp up and position themselves for cargo operations...

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Airline Credit Profiles

17/10/2022

Ishka View Extra: Airlines Credit Profiles report

In this week’s Airline Situation Report, we provide an update on certain airlines from Southeast Asia. The operating environment for airlines in Southeast Asia has rebounded positively in 2022 with most countries now free of any travel restrictions for fully vaccinated tourists...

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Transaction Economics

03/10/2022

Ishka View Extra: Transaction Economics report

AND THEN THERE WERE THREE?... After years of Airbus and Boeing competing mainly with each other in the mainstream narrowbody space, COMAC is a step nearer to joining in the game, having achieved CAAC type certification for its narrowbody C919...

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Airline Credit Profiles

26/09/2022

Ishka View Extra: Airlines Credit Profiles report

This week we review the FY22 performance of select airlines from Australia and New Zealand. With the two countries maintaining strict border controls for most of the pandemic, international travel to and from the region has been severely curtailed since the COVID-19 pandemic...

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Transaction Economics

19/09/2022

Ishka View Extra: Transaction Economics report

IS THE THREAT OF A GLOBAL RECESSION IMPACTING CARGO DEMAND?... A global recession will eventually dampen passenger demand and have an impact on travel. The cargo market tends to feel it first however, in its metrics, and we are seeing the implications of this...

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Airline Credit Profiles

12/09/2022

Ishka View Extra: Airline Credit Profiles report

KEY TAKEAWAYS… In this week’s airline situation report, we review the H1 2022 performance of select Latin American airlines. Overall, it was a mixed picture - most airlines reported strong topline figures but relatively weak results at operating and net levels, mainly owing to...

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Transaction Economics

05/09/2022

Ishka View Extra: Transaction Economics report

RUSSIA RESHAPING THE GLOBAL FLEET… There has been a hard-hitting observation from Aeroflot, who are committing to a fleet renewal programme using domestically produced aircraft, that Boeing and Airbus aircraft “are unlikely to ever be delivered to Russia again”...

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ESG and Sustainable Aviation

September 2022

Ishka View Extra: ESG and Sustainable Aviation report

This September 2022 issue covers developments during July and August 2022, except for announcements during the 2022 Farnborough Airshow. For those announcements, see the Farnborough Airshow special edition of this series published in early August 2022...

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Airline Credit Profiles

29/08/2022

Ishka View Extra: Airline Credit Profiles report

In this week’s ACP Extra, we examine the recent quarter performance of the US ultra-low-cost carriers - Spirit, Frontier, Allegiant and Sun Country. All four airlines, like the other US carriers, were profitable at an EBITDAR level during the second quarter of 2022, but Allegiant and...

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Transaction Economics

22/08/2022

Ishka View Extra: Transactions Economics report

AIRCRAFT AVAILABILITY TIGHTENING AS TRAFFIC LEVELS GROW… The summer season continues to deliver positive signs, with traffic bouncing back from the worst effects of the pandemic, and with airlines being in a better place regarding revenues and cashflow...

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Airline Credit Profiles

15/08/2022

Ishka View Extra: Airline Credit Profiles report

Following on from our review of the three largest US full-service carriers - Delta, American and United - in July, this week we review the Q2 2022 performance of the country’s other mainline carriers, Alaska Airlines and Hawaiian, along with LCCs Southwest and JetBlue...

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Transaction Economics

08/08/2022

Ishka View Extra: Transaction Economics report

B787 DELIVERIES RESUME... The US FAA has now approved the resumption of deliveries of the B787. After the long production pause, deliveries will help some airlines address their capacity shortage issues. Boeing seems to be making progress, the Farnborough show...

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ESG and Sustainable Aviation

04/08/2022

Ishka View Extra: ESG and Sustainable Aviation report

This is a special edition in Ishka’s ESG Extra supplement series dedicated to 2022 Farnborough Airshow sustainability announcements. It delivers ‘The Ishka View’ on aviation` Environmental, Social, Governance (ESG) and other Sustainability developments...

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Ishka View EXTRA
Airline Credit Profiles

01/08/2022

Ishka View Extra: Airlines Credit Profiles report

Recent months have seen increasing flight disruptions across Europe driven by labour shortages across many parts of the industry, including airline cabin crew, security, and ground handling staff at airports. Airlines and airports, having reduced headcount heavily...

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Transaction Economics

25/07/2022

Ishka View Extra: Transaction Economics report

FARNBOROUGH: THE HEAT IS ON… and not just in weather terms. Farnborough delivered a welcome update on developments in the aviation sector. The traditional Airbus v Boeing order battle was relatively muted, we also saw first-hand some of the potential eVTOL and...

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Airline Credit Profiles

18/07/2022

Ishka View Extra: Airlines Credit Profiles report

The three major full-service carriers in the US, Delta, United and American, have all generated profits in the second quarter of 2022 despite ongoing operational challenges emanating from labour shortages, airport disruptions and inflation...

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Transaction Economics

11/07/2022

Ishka View Extra: Transaction Economics report

BACK TO THE FUTURE... It’s the Farnborough Air Show, week commencing July 18th, and the first chance in a long while for many of us in the industry to get acquainted again with the latest developments and technologies that will make the travel experience safer, greener...

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Airline Credit Profiles

04/07/2022

Ishka View Extra: Airlines Credit Profiles report

This week we review some of the key combination carriers in Asia Pacific. Passenger traffic has been virtually non-existent in many parts of Asia Pacific for most of 2021, however the combination carriers with their large and well-established cargo units have been able to successfully...

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Transaction Economics

27/06/2022

Ishka View Extra: Transaction Economics report

CHINA MAKES ITS MOVE…the country’s major airlines have committee to nearly 300 more A320neo family aircraft in a move that indicates that Chinese markets are preparing for an improvement in the operating environment...

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Airline Credit Profiles

20/06/2022

Ishka View Extra: Airlines Credit Profiles report

This week we turn our attention to the Middle East and review two of the region’s largest carriers, Emirates and Qatar Airways, both of whom have seen a meaningful and positive turnaround in their financial positions. We also review Royal Jordanian and its recovery so far and...

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Transaction Economics

13/06/2022

Ishka View Extra: Transaction Economics report

AIRCRAFT INNOVATION IN THE SPOTLIGHT – As we approach the first physical Farnborough Air Show for four years, attention is switching to the metal - the OEMs and their products, and not just to new variants of existing models but to new, innovative and forward looking...

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Airline Credit Profiles

06/06/2022

Ishka View Extra: Airlines Credit Profiles report

In continuation of the theme of the previous Situation Report on the Southeast Asian market, this week we take a closer look at Thai Airways and AirAsia Group, both in the process of substantially restructuring their businesses. The extent of disruption in the region...

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Transaction Economics

30/05/2022

Ishka View Extra: Transaction Economics report

WET LEASE MARKET PROVING VERY HOT THIS SUMMER – demand for air traffic has picked up for most holiday destinations this summer as travellers await their escapes. However, many airlines seem to be facing aircraft and staff shortage problems...

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Airline Credit Profiles

23/05/2022

Ishka View Extra: Airlines Credit Profiles report

Following on from the previous Airlines Situation Report which covered the Chinese aviation market, this week we turn our attention to the Southeast Asian region. This region’s airlines have been among the worst affected by the pandemic, with limited air travel recovery...

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ESG and Sustainable Aviation

20/05/2022

Ishka View Extra: ESG and Sustainable Aviation report

The reports by the Transport Committee, the Department for Business, Energy and Industrial Strategy (BEIS)- backed ATI, and the positive conclusion of the UK SAF mandate consultation foreshadow an active remainder of the year for UK legislation tackling the decarbonisation of aviation...

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Airline Credit Profiles

9/5/2022

Ishka View Extra: Airlines Credit Profiles report

This week we turn our attention to airlines in China and Hong Kong. Unlike other regions, airline operations in Asia Pacific and China were more disrupted in 2021 (especially in the second half) than in 2020 and as result losses remained sizeable in 2021...

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Airline Credit Profiles

25/4/2022

Ishka View Extra: Airlines Credit Profiles report

Following on from the previous edition of our Airline Situation Report, this week we review the performance of the main airlines serving the southern part of the Latin American region, including the major aviation markets in Brazil and Chile....

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ESG and Sustainable Aviation

03/07/2022

Ishka View Extra: ESG and Sustainable Aviation report

The decision by the Dutch government will have a big impact on operations to, and from, Amsterdam Schiphol Airport, one of Europe’s largest international hubs. According to IATA, the airport has already handled 280,000 movements in 2022, putting it on track to...

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