Soaring oil prices won’t ground Asian flyers, but carriers may suffer

Soaring oil prices are unlikely to ground Asian travellers ahead of the year-end holiday season but airlines could see profits sharply eroded by escalating jet fuel bills, analysts say.

A wider range of choices, including cheaper tickets from low-cost airlines, would still encourage air travel but long-haul destinations to Europe and the United States may give way to hideaways within the region, they say.