Sun Country Cites Industry Overcapacity As 2Q Pax Revenue Shrinks 21%

As airlines worldwide report their quarterly and half-yearly results, it’s clear that the industry is at an inflection point, with capacity outstripping supply and fares dropping. If 2023 was the year of the big ramp-up, then 2024 is turning into the big ramp-down, with airlines critically evaluating their routes and weeding out the unprofitable ones.