Domestic air travel slows as carriers cut back service
Article Abstract:
The Indonesian airline industry is suffering from a slack. The number of flights in the domestic sector has dropped by 40% and is expected to reduce by as much as 80% by the end of 1998. The airline crisis may be attributed to the current financial crisis. Moreover, under Pres Suharto's reign, the industry was heavily deregulated. The Indonesian flag carrier Garuda Indonesian Airways, intends to reorganize the whole company to help its deteriorating condition. Plans include retrenchment, debt settlement and encouragement of foreign investments into the company.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
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Asia woes spur debate on airline alliances
Article Abstract:
The need to adapt efficiently with the ongoing Asian crisis has prompted Asian airlines to bind with avian networks in order to maintain competitive edge in the market. Cathay Pacific Airways, in particular, is considering to join an alliance led by British Airways while Singapore Airlines has announced plans to forge a partnership with Swissair and Delta Air Lines. These measures are not only expected to provide airlines with wider frequent-flier benefits but also render cost-cutting advantages.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
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Asian airlines see brighter skies: after turbulent years, the industry begins to rebuild
Article Abstract:
Many Asian airlines such as Singapore AirLines Ltd. and Cathay Pacific Airways Ltd. are confident about their prospects for growth in the region's air transport market. The major airlines note that air transport slump which hit the region in 1989 is nearing its end. Consequently, they are preparing to rebuild their market shares through continuous aircraft and air transport facility improvements. Some companies have even formed strategic alliances to increase their market shares.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1995
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