Good news for air travelers…

AirAsia X has announced a 5% reduction in airfares effective from June 15, following a decline in jet fuel prices. CEO Bo Lingam said the airline will review fuel costs weekly and adjust fares accordingly to reflect market conditions.

Earlier, rising geopolitical tensions in the Middle East had pushed jet fuel prices sharply higher, forcing the airline to raise fares by 30–40% on certain routes in April. The situation has now eased after a temporary US–Iran peace understanding, with Singapore jet fuel prices falling from around $242 per barrel to nearly $112. The airline also reported first-quarter losses and is implementing cost-cutting measures, including route suspensions and fleet optimization. AirAsia X aims to restore full operations by August and will introduce fuel-efficient Airbus A321LR aircraft next year, followed by Airbus A220 deliveries by 2027.