Airline fares in Malaysia to dip on overcapacity
Khazanah outlines challenges facing MAS and its proposed revamp
AIRLINE fares in Malaysia are expected to decline by 8 per cent over the next five years as aggressive fleet and network expansions outpace travel demand.
Airlines globally have lost US$390 billion over the past three decades because of growing competition. But in Malaysia, it is arguably even more competitive as there are three to six carriers on most major routes.
At the same time, capacity has been increasing by 10 per cent annually against a demand growth of 8 per cent.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
EV automakers get reprieve in US tax credit rules
Abu Dhabi hub carrier Etihad adds banks to US$1 billion IPO
Luminar to cut nearly 20% jobs as part of restructuring
Chinese share of French EV market slumps after incentives curbed
Ferrari unveils US$423,000 sports car with 1960s bloodline
Airbus called for compensation to take on money-losing Spirit operations: sources