Jetstar Asia’s exit spotlights Asia’s budget airline squeeze

Jetstar Asia’s recent closure highlights the need for budget carriers in Asia to rethink their fare strategies, with analysts warning that the industry is expected to continue facing pressure on its profit margins due to economic volatility, rising costs and intense competition.
The Singapore-based subsidiary of Qantas was the latest casualty in a sector already squeezed by high fuel prices and supply chain bottlenecks. Its exit leaves the Singapore Airlines Group as the only airline group based…