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Fortune

Nicholas Gordon

'Can't get a vaccination for Donald Trump': AirAsia's Fernandes

Tony Fernandes Donald Trump AirAsia Vaccine Airbus

(Credit: Lam Yik—Bloomberg via Getty Images)

Airline fuel costs are about to jump as carriers’ hedges expire, AirAsia co-founder Tony Fernandes warned.

“It’s tough,” Fernandes, who is also chief executive of Capital A Group, said onstage at the Global Tourism Economy Forum (GTEF) in Macau on Oct. 16, during a panel moderated by Fortune‘s Asia editorial director Lee Williamson. “Any airline who says it’s great is not telling the truth. A lot of people’s hedges are coming off, and prices are going to go up dramatically.”

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