Airlines facing worse than Covid crisis AirAsia CEO

Iran Herald · May 7, 2026 War

Carriers are axing flights en masse amid soaring jet fuel prices caused by the US-Israeli war on Iran and the Strait of Hormuz blockade The steep rise in jet fuel prices caused by the US-Israeli war on Iran is posing a bigger challenge to the global airline industry than the Covid-19 pandemic did, according to AirAsia CEO Tony Fernandes.