Asia/Pacific airlines are responding rapidly and emphatically to the soaring cost of fuel and slowing global economy. Thai Airways announced that it will quit its nonstop services from Bangkok to New York JFK and Los Angeles and sell off its four A340-500s to help stem losses due to surging oil prices. It estimates that losses on the two routes at current fuel prices would top $120 million. China Airlines told Bloomberg News that it will ax 100 flights per month--10% of its capacity--mainly ...

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