Asia airlines hike fares, eye groundings on fuel crunch risk - News Summed Up

Asia airlines hike fares, eye groundings on fuel crunch risk


In Vietnam, state media warned airfares could increase as much as 70% given the country’s reliance on imported jet fuel. Meanwhile, Hong Kong Airlines said Tuesday it will raise fuel charges from March 12 across a range of routes. Airlines in the region are not as well hedged against high oil prices as rivals in Europe or the United States, making them more vulnerable to sudden surges in jet fuel prices. (File photo: Chanat Katanyu)Air New Zealand Ltd on Tuesday suspended its earnings guidance because wildly fluctuating jet fuel prices mean the assumptions it made less than two weeks ago are no longer valid. The BI Asia Pacific Airlines index rose after an eight-day slump, with Asiana Airlines rebounding from the lowest in two decades.


Source: Bangkok Post March 10, 2026 09:07 UTC



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