1、A business of Marsh McLennanAirline Economic AnalysisState Of The Industry:2Q 2025By Tom Stalnaker,Khalid Usman,Grant Alport,Andy Buchanan,and Aaron TaylorCONTENT1Introduction2Global overview3Airline performance by regionNorth America(US/Canada)EuropeLatin AmericaAsia/PacificAfrica/Middle East/India

2、4Special topic:Recent demand trends in the US market5Appendix3 Oliver WymanWhat is the Airline Economic Analysis and what is changing?The Airline Economic Analysis(AEA)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

3、 written report,heavily focused on the US sector We are transitioning 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 analysis including US industry financial deep dives and global capacity trends We will

4、also continue to publish features on emerging trends and their implications for the industry and its ecosystemComparison of featuresPrior versionNew versionRelease scheduleAnnualQuarterlyCoverageUS emphasisGlobalScopeAirline industry and macro-economicsAdditional granularity using proprietary toolsF

5、ormatTraditional written reportSlideshow styleDeep dive topicsTypically 4 areas of deeper analysisRetained and spread throughout the yearSpecial topicsTypically 3 to 4 articles on trending topicsRetained,released as meritedWELCOME TO THE NEWAIRLINE ECONOMIC ANALYSIS REPORTWe will publish quarterly r

6、eports and other updates on ,so be sure to check back regularly4 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 reportOperating revenue,expense,earnings,marginCapacity a