Southeast Asian airlines face shutdown threat from jet-fuel crisis
Updated
Updated · Bloomberg · May 9
Southeast Asian airlines face shutdown threat from jet-fuel crisis
3 articles · Updated · Bloomberg · May 9
Summary
Low-cost carriers including AirAsia X, Indonesia's Lion Air and the Philippines' Cebu Air are described as most exposed as the summer travel season approaches.
The report says budget airlines are suffering more than full-service rivals from the global fuel crunch, raising risks of further flight cancellations and possible collapses.
It urges governments to consider targeted support such as loans, grants or fuel-price relief to prevent disruption and avoid failures likened to Spirit Airlines' collapse in the US.