Overcapacity in skies pulls down fares, hurts airlines’ bottomline
With the economy slowing, seats are going empty and losses deepening. Fares on some routes are down 52% YoY which makes airlines unable to offset losses.
from Personal Finance News-Wealth-Economic Times https://ift.tt/2XsPXqH
With the economy slowing, seats are going empty and losses deepening. Fares on some routes are down 52% YoY which makes airlines unable to offset losses.
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