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Southeast Asia carriers struggle as global travel recovers unevenly

Vaccination drives in main markets sway earnings amid pandemic's grip

AirAsia planes at Kuala Lumpur International Airport: AirAsia Group CEO Tony Fernandes sees operations taking about two years to return to normal.

TOKYO -- The earnings of international airline operators reflect the uneven recovery from the pandemic as they struggle with debt taken on to weather last year's plunge in passenger traffic.

While carriers based in the U.S., where vaccinations have progressed, bottom out, Southeast Asian airlines continue to face headwinds.

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