Photo Credit: An image of an Air Asia X aircraft. Flickr / saku_y
Singapore — August 9, 2023
In short: AirAsia X raises fares 31-40% and adds 20% fuel surcharge amid Iran war.
According to AirAsia X, the airline is increasing fares by 31% to 40% and adding a 20% fuel surcharge as it seeks to maintain operations during the Iran conflict. The carrier did not hedge any fuel, with CEO Bo Lingam stating that fuel prices have risen from an average of $80-$90 to about $200 per barrel. Despite the fare hikes, AirAsia X aims to keep fares affordable, leveraging its largest capacity within the ASEAN market.
TMCs managing ASEAN corporate accounts should anticipate higher operating costs for flights within the region. The fare increases and fuel surcharge will directly impact pricing strategies and profitability. Airport lounge operators in the region may also need to adjust pricing models to account for the increased costs of air travel. The implementation of these changes is effective immediately.
What is AirAsia X doing?
AirAsia X is raising fares by 31% to 40% and adding a 20% fuel surcharge to cope with rising fuel costs due to the Iran war.
Which travel trade segments does this affect?
This primarily affects TMCs, airport lounge operators, and airlines operating within the ASEAN market.
When does this take effect?
The fare increases and fuel surcharge are effective immediately.
Reference:Source.
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Singapore — August 9, 2023 In short: AirAsia X raises fares 31-40% and adds 20% fuel surcharge amid Iran war....
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