High Airfares to Persist as Travel Booms, New AirAsia Boss Says

High Airfares to Persist as Travel Booms, New AirAsia Boss Says

There’s no end in sight to the high airfares that are a mainstay of the world’s post-pandemic travel boom, according to Asia’s biggest low-cost carrier.

Travelers may see a little reprieve next year as jet fuel prices decline and the airline’s flight capacity rises, said AirAsia Aviation Chief Executive Officer <-bsp-person state=”{“_id”:”00000190-4790-d497-a7fb-ef9d87880000″,”_type”:”00000160-6f41-dae1-adf0-6ff519590003″}”>Bo Lingam-bsp-person>, who will <-bsp-bb-link state=”{“bbDocId”:”SCJ12ZT0AFB4″,”_id”:”00000190-4790-d497-a7fb-ef9d87880001″,”_type”:”0000016b-944a-dc2b-ab6b-d57ba1cc0000″}”>head-bsp-bb-link> a new listed entity called AirAsia Group following a <-bsp-bb-link state=”{“bbDocId”:”SCHM5WT0AFB4″,”_id”:”00000190-4790-d497-a7fb-ef9d87880002″,”_type”:”0000016b-944a-dc2b-ab6b-d57ba1cc0000″}”>merger-bsp-bb-link> between the company’s short and long haul operations in September. But strong demand means airfares are unlikely to return to pre-pandemic levels any time soon, he said.

Bo Lingam

Photographer: KG Krishnan/Bloomberg

“My load factor is around 90% …

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