The Asian airline industry is struggling to breakeven this year despite higher passenger volumes, with excess capacity one of the major culprits. Airlines from this region were collectively just below breakeven for the first half of the year, Association of Asia Pacific Airlines (AAPA) DG Andrew Herdman said. Speaking at the group’s annual meeting in Tokyo, Herdman said revenue did not keep up with volume growth, resulting in a 5% decline in yield and a drop in load factors. The demand ...

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