CNN CNN Newsroom With Brooke Baldwin December 30, 2014 19:42:00
The "new york times" called airasia a pioneer in 2007 for the low cost model to asia. in the early days some of the flights cost $3 a. in southeast asia's rapidly growing middle class. that has attracted rivals. there are now nearly 60 low-cost carriers in the region. and that competition hurt airasia's financial results in 2014. with the airline clocking one of the worst quarters in the 13-year history. worries about revenue are giving way to worries about reputation. flight qz-8501 is air asia's first major crisis. and as investigators piece together the cause of the crash one of malaysia's ...
Source: archive.org