More fierce competition among Southeast Asia’s airlines is expected this year. Photo: Alamy
Asia’s aviation industry is booming, so why isn’t it making money?
- Only six of the 20 publicly traded airlines based in the region made a profit in the last reported quarter
- Revenues have taken a hit from falling fares and increased competition from rapidly expanding budget carriers
Topic |
Aviation
More fierce competition among Southeast Asia’s airlines is expected this year. Photo: Alamy