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The Market Development Programme (MDP), which sets the minimum airfares, would be suspended for a three-month period to allow signatory airlines to set their own airfares and promote low fares.
AIRLINE stocks in the region continued to regain lost ground yesterday, even though the industry has yet to come out of what some argue are its toughest operating conditions.
MAJOR stock markets in Asia ended the first quarter of the year substantially lower as concerns over the economic impact from the war in Iraq weighed on investor sentiment.
MAJOR regional airlines are grappling with escalating cost in their cargo operations following the onset of the war in Iraq. While most airlines have moved to pass the additional cost over to cargo customers, others have yet to do so, perhaps on the belief that the situation may not last for too long.
WHILE traffic for the month of January 2003 was good, domestic traffic was weaker on a month-to-month basis following the seasonally strong month of December. Traffic for February 2003 was also weaker after Chinese New Year but forward bookings are looking stronger this year.
Every year, the Matta Fair generates good response because the airlines would give special airfare rates - the difference in airfare is at least RM200 #8211; and we can package very good deals for the consumers. With tours priced so low, such as RM888 for Hong Kong, travelling to regional destinations is almost the same travelling domestic.