Airlines facing ‘worse than Covid’ crisis – AirAsia CEO

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.

In response to the US-Israeli aggression, Tehran has closed the Strait of Hormuz – a choke point...