SINGAPORE—The average net earnings for Asia Pacific’s 25 main carriers fell a little more than 50% year-over-year (YOY) in 2018, reflecting “significantly higher jet fuel prices, adverse currency movements and rising pressures on non-fuel cost items,” the Association of Asia Pacific Airlines (AAPA) said May 16. Profits fell from $9.6 billion in 2017 to $4.7 billion in 2018. This was despite strong international traffic, which grew 6.9% over 2017, spurred by rising ...


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