Behind Air France's Plan to Boost Profits in Paris

Group CEO Ben Smith wants Charles de Gaulle to operate more like Heathrow and less like Munich.

Dear readers,

Earnings calls reveal three types of chief executives. Some barely speak, handing off each question to an underling. Others chime in on every question with a word salad that might sound interesting but shares no new information. Only a select few use earnings calls for something else: a masterclass in airline economics, with nuanced detail …