Better late than never. East Asia’s airline markets were slow to reopen and slow to recover post-Covid. But in Southeast Asia, or more specifically the ASEAN region, a demand revival is now in full swing. Many of its airlines are earning their best profit margins ever, with assistance from sharp capacity reductions at carriers like AirAsia. But capacity is starting to come back, and this issue’s feature story explores the question: Will this mean a return to more challenging conditions?
