Asia/Pacific airlines have taken a financial beating but they may be turning the corner.
THE AIRLINE INDUSTRY APPROACHES THIS month's Singapore Airshow having weathered the worst operating environment since 1945 and emerged in better shape than many might have expected. This is not to downplay the seriousness of the economic crisis facing the industry, which caused an estimated $27 billion in losses in 2008-09 with a further $5.6 billion in red ink expected this year, according to IATA. Moreover, the attempted bombing of a Northwest Airlines flight on Christmas Day by an ...
Subscribe to Access this Entire Article
"Recovery or False Dawn?" 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.