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Asia-Pacific carriers likely to fare better than other operators.
Byline: Boonsong Kositchotethana
Oct. 4--Asia-Pacific carriers look set to post far better financial results this year than their counterparts in the United States and Europe with an estimated profit of US$1 billion, thanks to competitive advantages including lower labour costs.
But the expected profit across Asia-Pacific can hardly be considered satisfactory as it is less than half of the results the region's operators achieved last year, according to Albert Tjoeng of the International Air Transport Association (IATA).
The region's airline industry appears to be the only bright spot in the global industry, which is expected to suffer an aggregate loss of $7.4 billion this year in ...
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