Asian-Pacific airlines better performers amid global storm

Strong passenger demand has led Asian-Pacific airlines to weather the global turbulence that has engulfed the industry better than other carriers despite economic woes and volatile oil prices, the head of the industry body said.

Tony Tyler, the director general and chief executive of the International Air Transport Association, said airlines in the region were set to generate profits of US$2.3 billion this year. This was US$300 million more than the association's projections in June but less than a third of the US$7.6 billion they made in 2010.

via Business feed http://www.scmp.com/business/companies/article/1051830/asian-pacific-airlines-better-performers-amid-global-storm