Assn. of Asia Pacific Airlines' Assembly of Presidents started on a sober note yesterday with DG Andrew Herdman telling media that the group of 17 Asia/Pacific carriers is expected to lose $4.8 billion this year owing mainly to the global economic downturn. "The loss will top the $4.3 billion suffered in 2008," Herdman said, adding that airlines remain uncertain of whether signs of a "fragile recovery in passenger and cargo volumes will prove to be sustainable." For the year to Oct. 31, AAPA ...

Subscribe to Access this Entire Article

"Asia/Pacific airlines expect $4.8 billion 2009 loss" 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?

Already registered? here.