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Southeast Asia Airlines Struggle Amid Fuel Spike | Thailand News
Budget airlines in Southeast Asia are reeling from a brutal second half of the year as soaring fuel costs and weakening local currencies crush profits. Even after hiking fares, carriers like AirAsia and Cebu Pacific posted losses, while Scoot’s deficit ballooned. With middle-class travelers tightening belts and fuel expenses rising further due to dollar-denominated contracts, the low-cost model is under siege. Airlines like AirAsia are cutting routes and reducing fleets in hopes of rebounding by Q4, but experts warn that even if fuel prices ease, fierce competition and lingering economic…
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