The average net earnings for Asia Pacific’s 25 main carriers fell a little more than 50% year-on-year (YOY) in 2018, in light of “significantly higher jet fuel prices, adverse currency movements and rising pressures on non-fuel cost items,” according to Association of Asia Pacific Airlines (AAPA). Profits dropped to $4.7 billion in 2018 from $9.6 billion in 2017. This is despite strong international RPKs, which grew 6.9% YOY, spurred by rising incomes, further ...

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