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Budget airlines could face heavy losses if they continue to offer low airfares, Bangkok Post reports.
(From fnWeb.com)
fnWEB - Bangkok - October 5, 2004 - The Bangkok Post reports budget airlines could encounter severe losses if they continue offering super cheap airfares to consumers.
Udom Tantiprasongchai, CEO of One-Two-Go, the kingdom's first budget airline, said the pricing structure of domestic budget airlines had been damaged by offering extremely low fares that were way below actual cost.
He said …
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