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
Brokers’ take: SAC Research initiates ‘buy’ on Soilbuild with S$0.04 target
Scoot begins flights with Embraer E190-E2 jet
VinFast’s EV ambitions get a reality check as shares plunge 65%
Boeing probed in US over possible falsified records on 787
Tesla lays off more staff in software, service teams, Electrek reports
GLP says 2025 bond repayment sources identified