AirAsia X to keep lowering fares as jet fuel prices fall, CEO says (opens original article in a new tab)

AirAsia X is reducing fares and increasing capacity as jet fuel prices decline, following a peace deal in the Middle East that eased tensions.

• AirAsia X lowered fares by 5% since June 15 due to falling jet fuel prices
• CEO Bo Lingam stated weekly fare reviews and capacity additions as fuel prices decrease
• Jet fuel prices dropped to $112 per barrel after a US-Iran peace deal eased Middle East tensions