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ASIA PACIFIC CARRIERS FORECAST TIGHTER MARGINS.
SYDNEY, April 2 Asia Pulse - Asia Pacific carriers are likely to earn less in the next two years due to higher costs and growing global competition, according to an industry group.
The predicted drop in profits was attributed to growing competition from Middle Eastern and North American carriers, said Centre for Asia Pacific Aviation executive chairman Peter Harbison.
"Long-haul profitability will be weakened by rising competition from Middle East carriers and an intensified focus on Asia by European and North American airlines, as well as increasing long-haul activity by the region's LCCs (low-cost carriers)," Mr Harbison said.
The group's report said fuel surcharges would have a lesser impact on revenue this year due to greater competition. The long term decline in yields would start at the end of the year.
This was after a softening of the fuel surcharge and premium demand-led rally in recent years.
Customers had unexpectedly accepted the rising fuel surcharges, Mr Harbison said.
This had been a key factor when it came to a growth in yield ...
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Source: HighBeam Research, ASIA PACIFIC CARRIERS FORECAST TIGHTER MARGINS.