High Airfares to Persist as Travel Booms, New AirAsia Boss Says
- Strong demand underpins elevated ticket prices, Bo Lingam says
- AirAsia to start Nairobi flights as part of network expansion
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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.