Fuel prices trended upward in 2017, but yields declined for Asian carriers yet it was still a good year generally for airline profits because of continued strong traffic growth and load factors. In 2018, Association of Asia Pacific Airlines (AAPA) director general Andrew Herdman noted, airlines “ought to be anticipating that passenger yields are going to start to rise.” When oil prices have increased in the past, those costs have been passed on to airfares without hurting demand ...

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