Thursday, February 4, 2010

Asia's budget airlines eye growth, high fuel costs (AP via Yahoo! Malaysia News)

Asia's budget airlines will prosper as the region's economic recovery takes hold and its middle class grows, but rising fuel costs could hurt profits, the industry's top executives said Thursday. Low-cost airlines fared better during last year's global recession than their full-service competitors as individuals and companies looked to cut costs by scaling back expensive business-class travel ...

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