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Foggy outlook for Asian airlines without clear recovery

Carriers restructure and seek new income streams with digital businesses

Thailand's flag carrier Thai Airways International filed a petition for rehabilitation in May after years of losing money. (Photo by Akira Kodaka) 

TOKYO -- Asian airlines are facing an unprecedented fall in demand amid the coronavirus pandemic, with the situation not expected to change anytime soon as most borders in the region remain closed or arrival quarantines remain in place.

While carriers attempt to weather the storm by launching a series of restructuring plans, governments are considering bailing them out to protect national interests. Some operators have also come up with unique business ideas in pursuit of new revenue streams.

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