AirAsia founder and CEO Tony Fernandes is an upbeat man, so when he says the number of new airline entrants will grind to a halt this year you should pay attention.
That's what he told the FT this weekend, in as pessimistic assessment of the prospects for the Asian market as he's probably ever given.
As he readily concedes, he started AirAsia at the right time and in the right place. That's an important ingredient in business as in any walk of life.
Today's market conditions look like they would definitely make him think twice about doing it all again.
For other recent blogs about AirAsia and Tony check out: