AirAsia Group cuts 3Q capacity 20%-25% after fuel costs surge 58%
AirAsia Group reported a quarterly loss as average jet-fuel prices reached $183 per barrel in 2Q2026, driving a 58% year-on-year increase in fuel expenses. CEO Bo Lingam said the group will reduce third-quarter capacity by 20%-25% to protect profitability before rebuilding toward pre-war levels in 4Q2026.