Rising oil prices are causing short-term pain for many airlines, but ultimately yields will improve to compensate, the head of the Association of Asia Pacific Airlines (AAPA) believes. Fuel prices have climbed significantly, so fares will increase, AAPA director general Andrew Herdman said on the sidelines of the IATA AGM in Sydney June 4. But there is a lag in this fare rise in Asia, he noted and until it occurs, “airlines are going to be feeling the pinch in terms of a squeeze on ...

Subscribe to Access this Entire Article

"AAPA chief optimistic despite rising oil prices" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.