How much money can a one-plane airline lose in just two months? More than just about everyone involved expected.

JetBlue and American Airlines have a lot of work to do if they’re going to keep the NEA alive. A judge ruled it illegal last Friday, setting up all sorts of challenges for the carriers.

Fares are up, and revenues are strong in many markets. But that doesn’t mean everyone is doing great, financially or otherwise.

Another airline disappears, but we’re still here. You can decide if that’s a good trade or not.

We shouldn’t be here right now. We should all be there. But we aren’t. And we don’t even really know where “there” is. A most interesting predicament.

Lots of news in the Transatlantic market this week, with high hopes for Summer 2022. Lawsuits, and new elite status and maskholes, too.