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High airfares to persist as travel booms, says new AirAsia boss

Bloomberg
Bloomberg • 3 min read
High airfares to persist as travel booms, says new AirAsia boss
Bo Lingam will head a new listed entity called AirAsia Group following a merger between the company’s short and long haul operations in September. Photo: Bloomberg
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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 Bo Lingam, who will head a new listed entity called AirAsia Group following a merger 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.

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