European Low-Cost Carriers Outperform U.S. Peers Amid Structural Divergence

European low-cost airlines (Ryanair, easyJet, Wizz Air, Transavia) are posting record profits and growth, while U.S. counterparts (Spirit, Frontier) face bankruptcy and losses. The divergence stems from differing market structures, cost bases, and competitive dynamics, with European carriers benefiting from stronger demand and pricing power. This highlights a sectoral divergence that may influence airline stock valuations and regional economic sentiment.