Planes and trains expert Jay Shabat discusses the decline in railroad volumes, impact of service-based economy, and profitability factors. He also explores challenges in the aviation market, effects of strong US dollar on airlines, Alaska Airlines' success story, and sale leaseback model in the industry.

Exploring Lufthansa Group's financial performance and challenges, including comparisons with other European airlines. Delving into subsidiary struggles and strategies, like Austrian Airlines. Reviewing Euro Wings' success and joint venture with Sun Express. Insights from JP Morgan conference on US airlines and Boeing delays impact. Southwest's employee reduction plans and JetBlue's focus on fundamentals for improvement.

Gordon Smith and Jay Shabat discuss supply chain issues and climate change impacts on the aviation sector. They cover challenges faced by airlines due to supply chain shortages, including maintenance delays. The podcast explores sustainable aviation fuels and the slow progress towards reducing carbon emissions. They also talk about the effects of climate change on travel preferences and efforts to combat it within the airline industry.