Southeast Asia’s budget airlines are aggressively expanding despite rising costs and thin profit margins, leading to increased competition and lower airfares. Qantas shut down Jetstar Asia due to high operating costs in Singapore. Carriers like VietJet and AirAsia are ordering more planes to gain market share, but face challenges from escalating expenses and aircraft shortages in a highly competitive market.
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Southeast Asia's budget airlines bet on travel demand, despite competition woes
