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View all search resultsThe government has long sought after new airlines, hoping to improve competition and lower airfares in the country’s duopoly aviation market. Flag carrier Garuda Indonesia and Lion Air are estimated to serve between 70 and 80 percent of domestic passengers annually.
Asia-Pacific travel demand has recovered from the pandemic, but earnings at the region's airlines are under pressure from supply chain problems disrupting operations and exposing them to strengthening consumer protection rules, industry executives say.
Chinese airlines are gaining market share on international routes, industry data shows, as foreign rivals are deterred by weak China travel demand and rising costs and extended flight times because of the need to avoid Russian airspace.
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