Almost Every Large U.S. Airline Soon Will Have First Class

Except Southwest — that's weird, right? Also today: Frontier is teasing profitability next year, and Air France-KLM and Lufthansa Group both want Tap Air Portugal.

Dear readers,

We've reached August, and like many of you, I'm taking a vacation.¹ Before I go, I’ll share some of the more interesting things I have learned recently from earnings reports.

Now that airlines have digested and accepted the reality of higher fuel prices, U.S. carriers are once again discussing more prosaic topics in earnings calls, such as th…