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Gains keep Asia flying high as industry flags.
Byline: Boonsong Kositchotethana
Feb. 2--Against the backdrop of a US$6-billion loss suffered by the world's airline industry last year, Asian carriers have outshone their US and European counterparts by posting a gain of $1.5 billion.
US airlines lost $10 billion and European carriers made $1.3 billion last year, according to the latest study by the International Air Transport Association, which represents 265 airlines, which fly 94 percent of the world's scheduled air traffic.
Lower costs made Asian carriers more profitable, and they also operated a greater portion of long-haul international flights last year which offered higher yields, ...
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