THE local aviation industry is facing one of its toughest challenges yet: skyrocketing oil prices.
Malaysia Airlines (MAS) and AirAsia Bhd's recent earnings were dampened by record-high jet fuel prices (+54% year-on-year) as fuel hedging and surcharges failed to offset the impact on costs.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
