In some contrast to the SCMP article the CEO of air New Zealand commented last week that airfares were already easing across the board and I believe also that to be the case as Brunos and others comment. After being virtually closed for over 2 years beleaguered airlines such as Cathay have needed to charge as much as the market is prepared to pay and while they can sell 95% of the available seats that pricing will continue.....but not for ever.