Asian Airlines May Collapse Without Fuel Cost Aid, Industry Head Warns
The head of the Association of Asia Pacific Airlines warns that Asian carriers may collapse like Spirit Airlines due to soaring jet fuel costs, urging government support and financial relief.
Asian airlines need government support to cope with the more than doubling of jet fuel prices that otherwise risks some carriers collapsing like US-based Spirit Airlines, according to the new head of the region’s industry body. Wong Hong, who took over as director general of the Association of Asia Pacific Airlines last month, said carriers needed varying levels of help and relief, from direct financial support to being able to cut flight schedules without negative consequences. “Nobody wants to...