AirAsia's Fernandes says travel demand remains strong, current crisis 'far' less severe than COVID

AirAsia co-founder Tony Fernandes said the low-cost carrier's exposure to soaring jet fuel costs is "far, far" less severe than the financial challenges it faced during the COVID-19 pandemic. The comments aim to reassure investors about the airline's financial health, but elevated fuel costs remain a profitability headwind for the carrier.