About this episode

The episode discusses the airline industry's outlook for the summer travel season, focusing on fuel prices, demand shifts, and the success of low-cost carriers.

The airline industry is heading into summer travel season under cloudy conditions. In this episode of J.P. Morgan’s Making Sense, Harry Gowers, lead analyst for European Airlines and Travel Retail stocks, and Jamie Baker, U.S. Airline and Aircraft Leasing Equity analyst, break down their expectations for the airline industry. Together, they discuss how geopolitics and fuel prices are affecting supply and demand, why low-cost carriers are finding success in some markets and not in others and what happens to pricing power if fuel prices ease. This episode was recorded on May 29, 2026. This communication is provided for information purposes only. Please visit www.jpmm.com/research/disclosures for important disclosures. JPMorgan Chase & Co. or its affiliates and/or subsidiaries (collectively, J.P. Morgan) normally make a market and trade as principal in securities, other financial products and other asset classes that may be discussed in this communication. This communication has been prepared based upon information from sources believed to be reliable, but J.P. Morgan does not warrant its completeness or accuracy except with respect to any disclosures relative to J.P. Morgan…

People in this episode

Host: J.P. Morgan

Guests: Harry Gowers, Jamie Baker

Topics covered

• airline industry
• fuel prices
• summer travel
• geopolitics
• low-cost carriers
• pricing power

Keywords

• airline industry
• fuel prices
• summer travel
• geopolitics
• low-cost carriers
• pricing power
• demand shifts

Mentioned in this episode

Organizations: J.P. Morgan

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