...AirAsia's fortunes contrast sharply with those of three other Singapore-based low-cost carriers: Jetstar Asia, Valuair and Tiger Airways.
'As far as we know, only Air- Asia is profitable, while the rest struggle as industry overcapacity, low fares and high jet fuel prices take their toll,' said Mr Shukor Yusof, Standard & Poor's aviation editor yesterday.
(Straits Times Aug 27)
Protectionist policies by Singapore have not changed anything....