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Asia’s low-cost airlines

Expansion of South-East Asia’s budget airlines is getting ahead of its demand.

Some of the budget airlines are finding it hard to fill their seats. And the regular airlines are feeling the hit, as well: Cathay Pacific reported that the competition from budget airlines was impacting its short-haul routes. Singapore Airlines also complained of lowered sales.

At the beginning of May, Tigerair announced it had lost $177 million from January through March, which is $36 million more lost than in 2013. Many of its national affiliates, including those in Singapore and Indonesia, are doing badly. The company is canceling orders and grounding planes.

AirAsia is also deferring the delivery of new planes and is cutting costs.

The above article is a summary. Please see the source article at Google News.

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