For many of Asia’s major airlines, the boom days of previous industry cycles must seem like distant memories. While carriers in other regions are enjoying the fruits of the latest upswing, their Asian counterparts are still struggling to gain traction. Headaches for the Asian giants include the rapid growth of low-cost carriers and their emergence in long-haul markets, an oversupply of capacity and a lingering cargo slump. There is evidence, however, that the outlook is improving for ...

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