AIR TRANSPORT
Discounting, Excess Capacity To Worsen Asian Outlook
PERTH, AUSTRALIA Asian carriers face a grim outlook for autumn as they leave the northern summer period—usually a time of peak revenues—weakened by ticket discounting and excess capacity, according to a leading industry analyst. “The outlook for October and November is extremely grim,” Peter Harbison, managing director of the Sydney-based Center of Asia Pacific Aviation (CAPA), said. “Current loads mask a gloomy outlook for not only Asian carriers but U.S. and European airlines forced to slash fares to compete.”
By GEOFFREY THOMAS