Overcapacity could force regional airlines to push back incoming aircraft
Singapore
OVERCAPACITY remains a challenge for carriers in this part of the world, which could prompt some airlines to postpone incoming aircraft, according to the head of an airline association.
This year, the International Air Transport Association (Iata) expects US$6.6 billion in collective profits from Asia-Pacific carriers, up from US$5.8 billion last year but still lagging behind North America and Europe. This comes as the region's carriers, which have the biggest share of the global freight market, suffer the impact of weak cargo demand as well as deteriorating yields due to capacity injection from both the low-cost and Gulf carriers.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Porsche posts Q1 profit drop on ramp-up costs
Air China orders homegrown C919s in challenge to jet duopoly
Huawei’s smart car tech offers automakers route to China sales
Sri Lanka to hand management of China-built airport to India, Russia companies
Tesla’s plan for affordable cars takes page from Detroit rivals
Toyota is investing US$1.4 billion to build another all-electric SUV in US