BANGKOK/MUMBAI -- Fierce competition is decimating the bottom lines of Asia's airlines despite swelling passenger numbers.
Business trends
Asia's irrationally exuberant airlines chase away profits
Carriers harvest less than $5 per passenger as more competitors crowd in
AirAsia has built a network of budget airlines across much of Asia but has only been able to find reliable profits in Malaysia. (Photo by Keiichiro Asahara)
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