Foreign threat looms over Australian carriers' bumper profits
An invasion by Asian budget carriers into Australia's lightly protected aviation market looks likely to threaten the excellent profits of incumbents Qantas Airways and Virgin Blue Airlines. Singapore-based Tiger Airways, a pure low-cost airline, is moving on to Australian domestic routes, while Malaysia's AirAsia Long Haul, also super-low-cost, assaults the international sector. Both moves threaten the ability of Qantas to confine the operations of its own budget carrier, Jetstar, to ...
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