We are now well into the current earnings season and airlines across are almost universally deeply in the red. At present there is no obvious reason for optimism in the region’s airline sector. Some isolated hints of wider economic improvement are showing, but at this stage it may take some time to distinguish them from the immediate effects of government financial stimuli.

If you want to know more, please refer to:
http://www.centreforaviation.com/news/2009/08/12/mergers-no-option-in-bleak-asian-airline-environment/page1