I've been pounding this out for a while now as I meander through the WT tech tree. This is a series of fighter aircraft guides based on personal interjection, wild speculation, bathroom rumors, and a magic 8-ball. Will you agree with everything? Probably not. I don't have all the answers, I only pretend to do so. Kinda like a Jehovah witness ("Have you found Hellcat?"). Americans British Japanese Russian No Germans yet because fuck em.
Simply put yes. You got kinetic energy (speed) and potential energy (Altitude). You can trade one for the other with varying degrees of return depending on the performance of the aircraft. Just about everything you do costs energy so managing it is pretty important.
I just want to say thanks for this. Has definetly helped learn what each plane can do and improved my flying. As long as I don't go full stupid and ignore what you have said.