Intensifying Competition, High Oil Prices, and High Exchange Rates… Tway on High Alert After Expanding European Routes

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T'way Air, which expanded its European routes, is in a state of emergency as it faces intensifying competition, high oil prices, and high exchange rates. The company's financial structure has deteriorated following the launch of long-haul operations. T'way Air, a domestic low-cost carrier (LCC), is facing an emergency situation regarding the defense of its earnings. On top of increased financial burdens from expanding long-haul routes to Europe,…