Sky-high airfares have peaked, says AirAsia chief

“Coming to the Middle East has opened my eyes,” says AirAsia founder Tony Fernandes, who is thinking about expanding routes in the region. (Photo: Bloomberg)

DOHA: Airline ticket prices have peaked, at least in the market where the budget carrier AirAsia operates, according to its founder Tony Fernandes.

“We are there or thereabouts,” Mr Fernandes said in an interview on the sidelines of the Qatar Economic Forum in Doha on Tuesday. “We don’t want it to go any higher, we want it to go lower. We want to stimulate more traffic, so I think they’ve peaked.”