Smaller Asian Airlines Seek to Add Routes Despite Middle East War, Rising Fuel Costs The recent announcements from Indian Akasa Air and Malaysian AirBorneo may seem like a counterintuitive move amidst rising fuel costs and the Middle East conflict.
However, these smaller carriers are not just trying to stay afloat; they're actually exploiting a gap in the market created by their larger rivals.
Akasa Air plans to raise its capacity by 30% in the next financial year, a bold move considering the current economic climate. The airline has secured 10.