With the Middle East crisis heightening jet fuel supply risks, Asian airlines are taking action, to cope with supply instability and rising costs, from cutting flights to raising fares.

Jet fuel — which accounts for about 25-30 percent of airline operating costs — saw average prices fall 6.7 percent to $184.64 per barrel in the week ending April 17 after hitting over $200 earlier this month, according to the price monitor of the International Air Transport Association.