Asia Pacific airlines margins severely squeezed amid slowing pax growth and weakening freight
Asia Pacific airlines have seen only “modest revenue growth” in 2011 as a result of “slightly slower than expected growth in the passenger business, and a lacklustre air cargo market” combined high fuel costs, according to the Association of Asia Pacific Airlines (AAPA). AAPA added that “airline margins have been severely squeezed, with profitability suffering accordingly."
