Summary: Southeast Asia’s budget airlines are expanding capacity despite rising cost pressures and intense competition. While air travel demand in Asia is expected to grow, margins are thin, with Asia-Pacific airlines projected to make a net profit margin of 1.9% compared to the global average of 3.7%. This has led to the shutdown of Jetstar Asia, while other carriers like VietJet and AirAsia are increasing their fleets to gain market share.

Link: https://www.straitstimes.com/business/companies-markets/south-east-asias-budget-airlines-bet-on-travel-demand-despite-competition-woes