Rising oil prices are causing short-term pain for many airlines, but ultimately yields will improve to compensate, the head of the Association of Asia Pacific Airlines (AAPA) believes. Fuel prices have climbed significantly, so fares will increase, AAPA director general Andrew Herdman said on the sidelines of the IATA AGM in Sydney June 4. But there is a lag in this fare rise in Asia, he noted and until it occurs, “airlines are going to be feeling the pinch in terms of a squeeze on ...

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