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Challenges mount for Asia’s airlines

03/04/2009| 3:08:00 PM| 中文

03 March, 2009, KUALA LUMPUR – The impact of fuel hedging, foreign currency losses and weakening demand continues to drag down the results of both low-cost and legacy airlines.

03 March, 2009, KUALA LUMPUR – The impact of fuel hedging, foreign currency losses and weakening demand continues to drag down the results of both low-cost and legacy airlines. 

AirAsia reported a 2008 net loss of US$128.3 million, but insisted its 2009 outlook is strong because its low-fare model is attracting new traffic and it has "unwound" fuel hedges that weighed down second-half earnings.

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TAGS: AirAsia | Thai Airways
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