Europe: A good 2015, especially for the bigger airlines, with LCCs leading the way

As with the other regions of the world, Europe's airlines had a good 2015. The aggregated operating profit of the 16 largest listed airline companies was one third higher than in 2015 (based on 12 groups that had already reported and analyst consensus forecasts for the remaining four). Their collective operating margin improved from 6.6% in 2014 to 9.7% in 2015.