¡¡¡¡Turning to cost, I am not sure to which Merrill Larrych study you are referri ng, but it would be simplistic to compare seat-mile costs of narrow-body operati on over U. S. domestic sectors with wide-body operation over international secto rs; comparative studies of seat-mile costs are valid only if they compare simila r aircraft operating over identical sectors. On this basis, International Civil Aviation Organization figures show that Asian carriers are highly competitive. O f course, given its operating environment Japan Air Lines will have high seat-mi le costs, while a carrier based in Southeast Asia, such as Singapore Airlines, w ill have relatively low costs. But it is a fallacy to assume this means ¡®higher ticket prices or higher taxes¡¯ for the ¡®hapless Asian air traveller¡¯ if he travels on JAL.ª¥  

¡¡¡¡The Japanese carriers have to compete in the Asian marketplace with others, and costs cannot simply be passed on to the consumer or taxpayer. The people wh o really pay the price or reap the reward of differing cost levels are the share holders.ª¤ 

(RICHARD. T. STIRLANDª¤ 

Director Generalª¤ 1999ÄêרҵӢÓï°Ë¼¶¿¼ÊÔÕæÌâ

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