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Briefing 75 March 5, 2026 Fort Worth, Texas

What’s Inside

  • The Melting Ice Cube: Why your frequent flyer miles are losing altitude as major carriers like United Airlines (UA) pivot from airlines to digital banks.
  • The "Southwest Miracle" Ends: A dramatic plunge in wheelchair requests as Southwest Airlines (WN) ditches open seating for assigned spots.
  • Widebody musical chairs: China Southern (CZ) offloads its "troublesome" 787-8 subfleet to Avolon in a $532 million deal; aircraft headed for Thai Airways (TG).
  • Route Intelligence: Breeze Airways (MX) goes big in Florida with a massive 9-route expansion from Fort Lauderdale (FLL).
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Route Intelligence Report

New and Proposed Routes
Australia’s Jetstar (JQ) is set to add 3x weekly flights from Perth (PER) to Christchurch, New Zealand (CHC) in late October. This route will be operated by Airbus A321neo LR equipment.

IndiGo (6E) has added daily flights from Kolkata (CCU) to Shanghai Pudong (PVG) to its network. This Airbus A320neo routes commences at the end of March.

AirAsia (AL) is adding new daily service from Bali, Indonesia (DPS) to Melbourne (MEL) on March 21. Airbus A320s are rostered on this sector.

China Eastern Airlines (MU) Will add 3x weekly flights in mid-June from Shanghai Pudong to Stockholm, Sweden (ARN). This route will be operated by Airbus A330-200 equipment.

Air Tahiti Nui (TN) will begin 2x weekly flights from Papeete (PPT) to Sydney (SYD) on December 14. A Boeing 787-9 is set to operate this one. Air Tahiti last flew to Sydney in 2009.

EasyJet Europe (EC) will add 6x weekly flights from Berlin (BER) to Milan Malpensa (MXP) on June 23.

SkyHigh Dominicana (DO) is adding 2x weekly service from Santo Domingo, Dominican Republic (SDQ) to Paramaribo, Surinam (PBM) on April 16. This route will be operated by Embraer E190 equipment. Hat tip to Aeroroutes.com.

American Airlines (AA) is adding a 4x weekly seasonal service from Philadelphia (PHL) to Santiago, Dominican Republic (STI). This Boeing 737 MAX 8 route will operate from May 21 through September 8.

Lufthansa (LH) will add 5x weekly service from Frankfurt (FRA) to Kuala Lumpur (KUL). This Boeing 787-9 routes begins on October 25.

Wizz Air (W6) has scheduled two Egyptian routes from Sofia (SOF), Bulgaria later this year: 3x weekly to Sharm el Sheikh (SSH) from March 6 – 27, and then 2x weekly from July 5. Additionally, a 2x weekly sector to Hurghada (HRG) starts on October 27.

Breeze Airways (MX) has added several additional routes to its network, with all flights to be operated by Airbus A220-300 equipment:
  • Cincinnati (CVG) to Greenville, S.C. (GSP), 2x weekly from July 3
  • Fort Lauderdale (FLL) to Birmingham, Ala. (BHM), 1x weekly from July 3
  • Fort Lauderdale to Charleston, S.C. (CHS), 3x weekly from July 2
  • Fort Lauderdale to Greenville, S.C., 4x weekly from July 2
  • Fort Lauderdale to Jacksonville, Fla. (JAX), 1x daily from July 1
  • Fort Lauderdale to Salisbury, Md. (SBY), 2x weekly from July 1
  • Fort Lauderdale to Tallahassee, Fla. (TLH), 3x weekly from July 2
  • Fort Lauderdale to Tampa, Fla. (TPA), 13x weekly from July 1
  • Fort Lauderdale to Wilkes-Barre/Scranton, Pa. (AVP), 2x weekly from July 1
  • Raleigh/Durham (RDU) to Birmingham, Ala., 2x weekly from July 3
  • Raleigh/Durham to Tallahassee, Fla., 3x weekly from July 2
  • Savannah (SAV) to Columbus, Ohio (CMH), 2x weekly from July 1
  • Tampa, Fla. to Atlantic City, N.J. (ACY), 2x weekly from July 1
  • Tampa to Columbus, Ohio, 2x weekly from July 3
Dropped and Suspended Routes
AirAsia will end flights from Kuala Lumpur and Bali to Darwin, Australia (DRW) on April 28.

JetBlue Airways (B6) has posted additional route cuts:
  • Boston (BOS) to Dallas/Fort Worth (DFW) ends on March 12, as does the route from Tampa, Fla. to New York LaGuardia (LGA)
  • Boston to Phoenix (PHX) daily flights from late May to late September have been scrubbed
  • Boston to Sacramento, Calif. (SMF) flights that were set from mid-June to September 8 have been dropped
  • Fort Myers, Fla. (RSW) to Hartford, Conn. (BDL) flights set for mid-June to late October have been dropped.

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Fleet Intelligence

LATEST AIRCRAFT DELIVERIES

🇲🇹 9H-WMW, an Airbus A321neo, was delivered to Wizz Air Malta (W4) on March 4.

🇨🇳 B-659W, a COMAC C919-100STD, was delivered to China Southern Airlines (CZ) on March 2.

🇱🇹 LY-EKB, an Airbus A320-232, was delivered to GetJet Airlines (GW) on March 3.

🇲🇾 9M-MNP, an Airbus A330-941, was delivered to Malaysia Airlines (MH) on March 3.

🇺🇸 N14569, an Airbus A321neo, was delivered to United Airlines (UA) on March 3.

🇺🇸 N54558, an Airbus A321neo, was delivered to United Airlines on March 2.

🇦🇹 OE-INL, an Airbus A320-214(WL), was delivered to easyJet Europe on March 2.

🇪🇬 SU-BQR, an Airbus A320-214, was delivered to Nile Air (NP) on March 3.

LATEST AIRCRAFT RETIREMENTS

🇺🇸 N880UA, an Airbus A319-132 with United Airlines, was withdrawn from use (wfu) and ferried on February 19 to Victorville, Calif. (VCV) for part-out and scrap. This frame was delivered new to China Southern Airlines as B-2296 in March 2005. It joined United in November 2019 and had accumulated 56,832 hours and 33,643 cycles as of January 5, 2026.

Flightline Feature
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Collection
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Unruly passenger graphic
Unruly Passengers in 2026: 235
As of March 1, 2026
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Aviation Safety & Security

On February 24, JetBlue Flight 514, an Airbus A321 scheduled from Fort Lauderdale to Boston, was forced to evacuate prior to departure following a unique and highly disruptive security incident. After being informed by cabin crew that overhead bin space was full and his carry-on would need to be gate-checked, a male passenger reportedly called in a false bomb threat against the aircraft. The individual allegedly placed the call while still on the plane, presumably in an attempt to delay the flight or force a reorganization of the cabin. Airport security and local law enforcement responded immediately, deplaning all passengers and conducting a full sweep of the aircraft and luggage. No explosives were found, and the suspect was taken into custody on multiple felony charges.

As the latest lapse of funding for the Department of Homeland Security (DHS) continues, various airports are again opening food pantries for Transportation Security Administration (TSA) employees who are going without pay again.

TSA screeners processed 64,229,116 passengers in February, a 2.6 percent increase over February 2025.

CATSA screeners cleared 4,279,195 passengers at the 17 largest airports in Canada last month, basically even with February 2025.

A Georgia woman has filed a federal lawsuit against the United States following a May 2024 incident at Atlanta (ATL) that she claims left her with permanent injuries. According to the complaint, Kerri Thomas arrived at the North Security checkpoint and repeatedly informed TSA screeners that she had an implanted spinal cord stimulator, providing her medical identification card and requesting a manual pat-down. Despite official TSA policy allowing passengers with internal medical devices to opt out of body scanners, officers allegedly told Thomas that she would not be allowed to board her flight unless she entered the Advanced Imaging Technology (AIT) machine. One screener reportedly claimed the scanner had been "recalibrated" to be safe for her device; however, once the machine was activated, Thomas felt an immediate electrical shock that she alleges destroyed the implant, resulting in severe pain and the need for corrective surgery to remove the damaged hardware.

The lawsuit, Thomas v. United States of America, was filed on February 18, 2026, in the U.S. District Court for the Northern District of Georgia. Thomas is seeking damages under the Federal Tort Claims Act for medical expenses, physical pain, mental anguish, and loss of earnings.


Aviation Industry News

The International Air Transport Association (IATA) reported a steady start to 2026, with global passenger demand in January rising 3.8 percent compared to the previous year. While this growth appears slightly slower than recent trends, it was primarily influenced by the timing of the Lunar New Year shifting into February. Despite this calendar effect, international demand remained a strong driver with a 5.9 percent increase, and global load factors reached a record January high of 82.0 percent. As the industry navigates persistent supply chain constraints and rising infrastructure costs, IATA remains optimistic, projecting that total global passenger numbers will reach 5.2 billion by the end of the year.

THE IRANIAN CONFLICT

All Etihad Airways’ (EY) scheduled commercial flights to and from Abu Dhabi (AUH) remain suspended until at least tomorrow morning. All Emirates (EK) scheduled commercial flights to and from Dubai (DXB) remain suspended until at least Sunday morning. Similarly, all Qatar Airways (QR) scheduled commercial flights to and from Doha (DOH) remain suspended until at least tomorrow morning.

As jet fuel prices surge due to escalating conflicts in the Middle East, a recent Citi analysis identifies American Airlines, JetBlue Airways, Allegiant (G4), and Frontier Airlines (F9) as the carriers most vulnerable to these cost spikes. The report highlights that jet fuel has recently outperformed crude oil in price increases, creating a significant "fuel shock" for the industry. While strong travel demand can partially mitigate these costs, airlines with thinner profit margins and higher fuel expenses relative to their total revenue face the greatest financial risk. In contrast, carriers with higher margins and lower relative fuel exposure, such as Delta Air Lines and United Airlines, are considered better positioned to withstand the current volatility.

An Iran Air (IR) Airbus A319-111 (EP-IEP) was destroyed at Bushehr, Iran (BUZ) on Tuesday as a result of U.S. and Israeli bombing.

Irish discounter Ryanair (FR) flew 13.3 million passengers in February, a rise of six percent compared to the second month of 2025. Ryanair filled 92 percent of its available revenue seats during the month.

Let’s take a look at Aer Lingus’ (EI) weakest performing U.S. stations from Dublin (DUB). These numbers include December 2024 and 2025 through November. Of course, load factors do not tell the entire story on a route, we have no idea on yield or even any cargo that may be loaded.

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It seems the era of the "Southwest Miracle" is coming to an abrupt, unceremonious end. Reports indicate a dramatic plunge in wheelchair assistance requests ever since Southwest Airlines (WN) ditched its iconic open-seating free-for-all in favor of assigned seats. Apparently, the sudden ability to reserve a specific spot has cured more ailments than a dip in the Ganges, leaving the performance of actual miracles to higher powers. Now that there’s no longer a tactical advantage to being the first one down the jet bridge, it turns out thousands of passengers have rediscovered the gift of working legs. EDITOR’S NOTE: The most I’ve personally seen was about 65 wheelchair passengers on a flight from San Salvador (SAL).

Avianca (AV), which flew 4.9 million passengers to and from the U.S. in 2025, operates over 625 weekly flights to 14 U.S. cities.

China Southern has finally found a taker for its troublesome subfleet of 10 Boeing 787-8s, concluding a nearly two-year "all or nothing" auction saga. On February 27, 2026, lessor Avolon signed a Master Sale and Purchase Agreement for the entire package (including two spare GEnx-1B engines) at an estimated market value of $532 million. The 12-year-old mid-sized 787s, which China Southern struggled to utilize efficiently due to weight restrictions and high per-seat costs, are now expected to be placed with Thai Airways (TG). The Star Alliance carrier is reportedly moving to lease the 10 frames to rapidly plug capacity gaps caused by ongoing widebody delivery delays.

flydubai (FZ) reported record total revenue of $3.3 billion for 2025, a 8.1 percent increase over the previous year, driven by a record 14.2 million passengers. Despite the top-line growth, the carrier saw a slight 4.5 percent dip in net profit to $545 million as yields began to normalize following the post-pandemic surge and fuel costs remained a persistent headwind. The airline’s fleet grew to 89 Boeing 737 aircraft by year-end, though management noted that ongoing delivery delays continue to constrain planned capacity. Looking ahead to 2026, flydubai is prioritizing its "Business Suite" rollout and the integration of its first widebody aircraft to offset narrowing margins in the competitive Gulf narrowbody market.

Passenger traffic totals for 60 airports across Mexico for January 2026 are as follows below. Monday’s issue will feature Spanish airports.

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Marking a major milestone on the 20th anniversary of its Airbus operations, Air Astana (KC) has finalized a firm order for 25 Airbus A320neo family aircraft. This landmark deal—the largest direct order in the group's history—consists of five A320neo and 20 A321neo jets, which will be shared between the flagship carrier and its low-cost subsidiary, FlyArystan. These new aircraft are scheduled for delivery between 2031 and 2034, reinforcing the group's commitment to operational efficiency and sustainable growth across Central Asia. By expanding its narrow-body fleet, Air Astana aims to further capitalize on the success of its long-range A321LR product while modernizing its regional network to meet increasing passenger demand.

The Great Point Heist: Why Your Miles are Losing Altitude

In the world of modern aviation, a strange paradox has emerged: the business of flying people from point A to point B is often a money-loser, yet the airlines are more profitable than ever. The secret isn't in the jet fuel or the legroom—it’s in the digital currency sitting in your loyalty account.

While investors celebrate "record profits" at giants like Delta and United, the reality under the hood is that these carriers are increasingly acting as banks that happen to fly planes.

The Lifeline of the Skies

For major legacy carriers, loyalty programs are no longer just marketing "perks"; they are the financial bedrock keeping the wings level. During the global downturn of the early 2020s, airlines survived by using these programs as collateral for billions in loans.

Today, the numbers are staggering:

  • American AAdvantage and Delta SkyMiles both boast memberships exceeding 115 million and 100 million respectively.

  • The sale of miles to credit card partners (like Amex and Chase) generates billions in high-margin revenue. In 2025, Delta’s partnership with American Express alone targeted nearly $10 billion in annual value.

  • While "passenger operations" struggle with razor-thin margins and rising labor costs, the "loyalty" segment enjoys profit margins that would make a Silicon Valley startup jealous. Nearly all U.S. airlines lose money flying passengers.

The $1,000 Bank Account Trap

The catch for the consumer is the "sovereignty" of the issuer. When you put $1,000 into a traditional bank, you expect to withdraw $1,000. But airline miles are a currency where the "central bank" (the airline) can change the exchange rate on a whim.

Imagine waking up to find your $1,000 bank balance is suddenly only worth $950 because the bank decided to "realign its value." This is the reality of devaluation. Over the last year, we’ve seen:

  • Dynamic Pricing: The death of "award charts." Instead of a flight costing a fixed 25,000 miles, it now fluctuates with the cash price, often skyrocketing during the times you actually want to fly.

  • Hidden Inflation: Airlines like United and Southwest have adjusted earning and redemption rates, effectively making each mile in your pocket less powerful than it was 12 months ago.

A Brief History of the "Frequent Flyer"

It all started in 1981, when American Airlines launched AAdvantage, the first modern frequent flyer program. It was a response to the 1978 Deregulation Act, a way to keep travelers from "shopping around" for the lowest fare. Within a week, United followed with MileagePlus.

What began as a simple "fly ten, get one free" model has evolved into a complex financial ecosystem. Today, you don't even have to fly to earn status; you can earn "Executive Platinum" by buying flowers or a new mattress through an airline shopping portal.

The "Ghost Seat" Phenomenon

Perhaps the most frustrating part for the modern traveler is the "Game of Access." Even if you have a million miles, finding an open seat at a "Saver" rate is increasingly like hunting for a jackalope.

Airlines have become masters of inventory management, "walling off" the best seats (especially international Business and First Class) for their own elite members or high-fee credit card holders. In 2026, the trend of "native-only" booking means that even if a partner airline has a seat, you might not be able to see it unless you are using the airline's own specific (and often devalued) currency.

The Bottom Line

Your miles are a "melting ice cube." As airlines continue to print more currency through credit card sign-ups, the value of each individual mile will likely continue its steady descent. The golden rule for 2026? Earn and Burn. Hoarding miles for a "someday" retirement trip is a losing game when the house owns the deck and changes the rules every midnight.


Air Cargo

Global air cargo markets saw a robust start to 2026, with total demand increasing by 5.6 percent in January compared to the previous year. While international operations grew by 7.2 percent, the regional performance remained polarized; carriers in Africa, the Middle East, Asia-Pacific, and Europe outpaced the global average, while those in the Americas experienced contractions. Despite a strengthening global manufacturing sentiment and lower jet fuel prices, IATA officials noted that the industry’s resilience will be tested by evolving trade policies and geopolitical hostilities in the Middle East. Moving forward, the upcoming World Cargo Symposium in Lima, Peru (LIM) will focus on enhancing air cargo's adaptability through digitalization to navigate these ongoing supply chain uncertainties.

📈 Flightline Financials 🏦

Airline & Airport Operator Stock Prices
Closing Price: March 4, 2026
AAL
American
$12.46
AERO
AeroMexico
$17.86
ALGT
Allegiant
$92.09
ALK
Alaska
$48.35
BA
Boeing
$227.31
CPA
Copa
$132.21
DAL
Delta
$63.83
EMBJ
Embraer
$70.71
JBLU
JetBlue
$5.05
LTM
LATAM
$51.67
LUV
Southwest
$47.15
RJET
Republic
$20.56
RYAAY
Ryanair
$65.12
SNCY
Sun Country
$18.26
SKYW
SkyWest
$100.36
UAL
United
$100.48
ULCC
Frontier
$3.90
VLRS
Volaris
$7.62
WTI OIL
Per Barrel
$76.01
ASR
Asur
$344.83
OMAB
OMA
$116.18
PAC
GAP
$249.71
CAAP
Corp America
$26.79
Global Currency Exchange Rates
$1 USD Equals:
EUR
Euro
0.86
GBP
British Pound
0.75
MXN
Mexican Peso
17.58
CAD
Canadian Dollar
1.36

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Daily Passenger Counts at U.S. Airports, 2026 vs. 2025

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