Airlines across the Asia Pacific region saw a significant drop in 2014 operating profits despite a slight increase in revenue, according to the Association of Asia Pacific Airlines (AAPA). Although AAPA member airlines in the region saw an aggregate net profit of $2.2 billion in 2013, last year they only operated “at close to breakeven,” AAPA said. The airlines’ overall operating margin fell nearly 50% to 1.6% in 2014 from 2.3% in 2013. The 16 AAPA carriers saw a rise of ...

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