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 ...

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