Asian airlines will be cutting capacity and capex in 2009 - AAPA

Asia Pacific's flag carriers will be adopting strategies to conserve cash in an "extremely difficult" environment next year. The Director General of the Association of Asia Pacific Airlines (AAPA), Andrew Herdman, stated while the recent plunge in oil prices provides a "measure of relief", the challenging market conditions will force airlines to adopt additional cost-saving measures, "including capacity cutbacks and deferral of planned capital expenditures".