
Yomiuri: The high price of flying (in Japan, that is)
Japanese consumers are missing out on a revolution. All over the world, travelers are seeing airfares tumble thanks to a new breed of discount airline. The trend started in the United States, spread to Europe, and is now taking off in Asia. Yet Japanese consumers remain stuck with a limited choice of airlines and sky-high fares...Nor do the efforts of Japan's budget carriers impress someone who should know--Air Asia Chief Executive Officer Tony Fernandes. "They're not low-cost carriers--they don't understand the model"...more...