AirAsia, Southeast Asia's largest low-cost airline, has been hit by soaring jet fuel costs stemming from the U.S.-Israeli war on Iran.
Discussions between the government and Malaysia Airlines and Batik Air have increased in recent weeks, the people said, amid growing concerns over financial pressures faced by AirAsia. The airline has been hit by soaring jet fuel costs stemming from the U.S.-Israeli war on Iran that surged 66% in the second quarter from the prior quarter to an average of $183 a barrel.
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