AirAsia's long-haul ticket prices have increased by up to 40%. The CEO attributes this to the conflict in Iran.

Malaysia's low-cost airline, AirAsia X, will be increasing ticket prices by up to 40% and raising fuel surcharges by 20%. This comes after the outbreak of the Iran conflict caused aviation fuel costs to rise by more than double. Group CEO Bo Lingam stated at a media briefing on Monday that average aviation fuel costs have skyrocketed from around $90 per barrel to around $200 per barrel, calling it the most serious challenge the airline is facing. The surge in fuel costs has had a particularly severe impact on low-cost airlines, putting pressure on business models that rely on low ticket prices, and also exposing the fragile financial situation of AirAsia X. The largest low-cost airline group in Southeast Asia is also facing the threat of a shortage of aviation fuel supply in the entire region, ranging from Vietnam to the Philippines, including its home market of Malaysia.