The Economics of Flight Search, Post-Google

The article analyzes the financial performance of three flight search companies: Skyscanner, Kiwi.com, and Wego. Skyscanner generated approximately $660 million in revenue, up 24%, with a 32% operating margin. Kiwi.com's revenue fell 20% to $264 million, facing debt pressure. Wego doubled revenue to $63.5 million but with near-zero margins. These companies illustrate divergent outcomes in the Google- and AI-exposed travel sector.