\n<\/p>\n
Budget airline AirAsia X is hiking airfare and cutting flights in response to jet fuel shortages amid the war in the Middle East.<\/p>\n
The Malaysian carrier raised prices by as much as 40% and fuel surcharges by 20%, Bloomberg reported<\/a>.<\/p>\n Group Chief Executive Officer Bo Lingam said in a media briefing on Monday that the average cost of jet fuel has soared to about $200 per barrel, compared to around $90 previously, and that soaring costs is the airline\u2019s most urgent obstacle.<\/p>\n \u201cAmid ongoing geopolitical uncertainty and supply chain disruptions, global jet fuel prices have surged to more than double 2025 levels. In response, we have implemented carefully calibrated fare adjustments, including a one-off fuel surcharge across the network,\u201d Lingam said in a statement<\/a>.<\/p>\n About 10% of the carrier\u2019s flights after the Eid al-Fitr holidays have been cut as well, and they\u2019re scaling back on unprofitable routes.<\/p>\n While some reductions are expected to be temporary, others will ultimately be a permanent change, Lingam said.<\/p>\n