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April Traffic Shows Asia Getting Better
Several major Asian airlines are undergoing vast restructuring as the burden of overambitious fleet renewal programs, currency devaluation and the continuing downturn in traffic continue to attack their bottom line.
But after a weak start for the year, the Assn. of Asia Pacific Airlines (AAPA) reports some respite in April traffic figures. Singapore Airlines (SIA) and Cathay Pacific are planning Asian expansions. And analysts say they are spotting positive signs for some of the ``sicker'' airlines.