Jet fuel crisis worse than Covid for airlines, says AirAsia chief
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The global jet fuel shortage, exacerbated by the Iran war, is causing a crisis for airlines worse than the Covid-19 pandemic, according to AirAsia CEO Tony Fernandes. Jet fuel prices have tripled, leading to significant flight cancellations and operational challenges. The UK is particularly vulnerable, with two million seats lost due to 13,000 flight cancellations in May. Despite this, Asian airlines are seeing increased demand as travelers stay closer to home. The UK government is relaxing regulations to help airlines cope with the crisis.
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