MANILA, Philippines — A Singapore-based budget airliner announced on Wednesday that it would be ending operations by the end of next month.
In a statement, Jetstar Asia said the "difficult decision" was made to "progressively reduce the airlines' schedule before permanently ceasing operations" on July 31.
"Jetstar Asia's (3K) business has been increasingly challenged in recent years by escalating supplier costs, airport fees and aviation charges as well as growing capacity and competition in the region," the airline said.
"Despite our best efforts to offset these rising costs, they are expected to continue into the foreseeable future, putting unsustainable pressure on Jetstar Asia's ability to offer low fares," it added.
"This is incredibly difficult news for our Jetstar Asia team members and customers, and the Jetstar Group is committed to providing support during this time with a range of options in place for all those impacted," Jetstar said.
Customers with bookings beyond July 31 will be eligible for full refunds.
The airline clarified that this change would not affect Jetstar Airways (JQ) flights, including JQ international flights between Australia and Southeast Asia, or any Jetstar Japan (GK) flights.
Jetstar Asia currently has two Philippine destinations, in Manila and in Clark, Pampanga.