AirAsia X to raise fares, trim capacity amid rising oil prices

Budget carrier AirAsia X said on Monday it will need to ‌raise fares ⁠and ⁠cut some flights in places where it can no longer cover fuel costs, with oil prices ⁠surging due ‌to the conflict in ⁠the Middle East.

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AirAsia X co-founder Tony Fernandes told a press conference that demand for flights remained high and ‌the airline was still committed to a planned ⁠hub in Bahrain, with its first flight scheduled for June 26.