AirAsia raises economy ticket prices by 40% to meet fuel costs
The Malaysian low-cost airline has raised "Air Asia X"prices Jet fuel rose to about $200 per barrel, from about $90 previously, describing this as the biggest challenge facing the company.
This sharp rise affects Fuel prices are hitting low-cost airlines hard, putting pressure on their low-fare business models, while at the same time exposing the fragility of the airline’s financial position. "AirAsia X"
The largest low-cost airline group in Southeast Asia also faces the risk of a shortage of jet fuel supplies throughout the region, from Vietnam to the Philippines, including its home market in Malaysia.
Lingham said that the company has already reduced about 10% of the group’s flights after the Eid al-Fitr holiday, and is working to reduce unprofitable flights, with the expectation that some cuts will be temporary and others permanent. It is also working to adjust the distribution of aircraft and advance the dates of maintenance checks to control costs.
Shares of AirAsia However, it remains the worst performing company in the index "Bloomberg" Global for large, medium and small airlines.
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