Some Asian airlines could collapse like Spirit without help on rising fuel costs

Asian airlines need government support to cope with the more than doubling of jet fuel prices that otherwise risks some carriers collapsing like US-based Spirit Airlines, according to the new head of the region’s industry body. Wong Hong, who took over as director general of the Association of Asia Pacific Airlines last month, said carriers needed varying levels of help and relief, from direct financial support to being able to cut flight schedules without negative consequences. “Nobody wants...

By Bloomberg