"Increased costs and high competition in the market
place have made it virtually impossible to exist as a passenger
focused airline. Without the vast economies of scale required to
sustain and successfully compete in the passenger airline business
today, it has become clear that Air Wales now needs to center on
charter and freight services to continue operating in the airline
industry."
Source: Welsh regional airline Air Wales
founder Roy Thomas, on the decision to halt passenger operations
next month in order to focus on charter and freight-hauling
operations, citing high costs and aggressive competition from other
regional and low-cost operators in the area.