Net income for the 17 member airlines of the Assn. of Asia Pacific Airlines plummeted 69% to $1.2 billion for the 2005-06 fiscal year against an increase of 11.3%, 2.3 points above the global average, in operating revenue to $68.1 billion. Meanwhile, operating costs surged 15.9%, 7 points above the global average. The main culprit was fuel costs, which jumped 43% to $18.8 billion. Behind the numbers there are indications of solid performance, with yield up 4.7% and nonfuel costs rising only ...

Subscribe to Access this Entire Article

"Asia/Pacific carriers face falling profits" 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.