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Europe’s big three legacy airline groups: capex cycle to hit new peak in 2025
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Europe’s big three legacy airline groups: capex cycle to hit new peak in 2025
IAG's recently announced order for Boeing and Airbus widebodies is mainly aimed at replacing ageing aircraft. As such it is fairly unremarkable. However, it also heralds another significant moment in the recovery by Europe's three leading legacy airline groups from the COVID-19 crisis. According to announcements given to the stock market IAG, Lufthansa and Air France-KLM all plan higher net capital expenditure (capex) in 2025 than in 2024 and 20…
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