Asian airline crisis: “Tentative signs we may be through the worst” – AAPA

The Association of Asia Pacific Airlines' (AAPA) Director General, Andrew Herdman, has suggested the worst may be over for Asian flag carriers, as latest traffic figures for April were "not quite as bad" as the deeply depressed first quarter. However, Mr Herdman cautioned that business conditions for airlines remain "extremely difficult", with a combination of aggressive revenue-generating and cost-cutting initiatives "proving critical to riding out the ongoing economic storm".