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Malaysia Airports Holdings reports commercial tenancy at the low-cost terminal rose from 92 percent a year earlier even as eight-month passenger volumes dropped 5 percent.
Early morning bargain hunting lifted Malaysian equities before the benchmark index eased 0.13 point as consumer staples and energy counters diverged.
The carrier held 18.4 billion ringgit in current liabilities against 954 million ringgit in cash and bank balances as of June 30.
Co-founder Tony Fernandes says the carrier holds sufficient liquidity to navigate soaring unhedged jet fuel prices without state intervention.
Authorities are conducting contingency planning as the budget carrier faces financial pressure from debt and rising fuel costs, though no operational transfer has been decided.
In response to escalating aviation fuel costs and a decrease in mid-year travel demand, Thai AirAsia is set to curtail its overall seat capacity by about 30% for the months of May and June. Adapting to Market Changes The airline stated on Tuesday that it…
AirAsia Malaysia (flight code AK) today announced the strengthening of its Asean network with the launch of a new route connecting Phuket to Penang. Penang stands out as one of Malaysia’s leading medical-tourism hubs and a key tourism gateway in Southeast…
AirAsia X, a budget airline based in Malaysia, recently commenced operations on its Istanbul route and has intentions to further extend its long-haul services to Europe in the coming year, according to CEO Benyamin Ismail. This move signifies the airline’s…
AirAsia today launched new direct routes, with Cebu-Macao among them, expanding its regional network while reinforcing its commitment to supporting recovery efforts in calamity-hit Cebu through its ‘To the Philippines with Love’ campaign.” The new route forms…
Thai AirAsia has recently launched a fresh advertising initiative titled “AirAsia: Always Making Every Moment Matter”. This strategic move aligns perfectly with the arrival of the peak holiday period. The campaign emphasizes the airline’s unwavering…
CEO Tan Sri Tony Fernandes recently shared insights about AirAsia’s long-cherished ambitions to penetrate the Vietnamese market, emphasizing the discussions currently in progress, but reminding that agreements can be elusive. “I have long wanted to operate in…
AirAsia Move has broadened its network of airline alliances by including Air Macau to its roster. This new collaboration will create more travel opportunities for passengers journeying between Kuala Lumpur, Macau, and a host of other destinations in China and…
AirAsia, signified by the flight code AK, has expanded its offerings, introducing two direct air routes from the Malaysian cities of Kuala Lumpur and Kuching to Pontianak, Indonesia. This development furthers its reputation as the airline with the most…
AirAsia X (AAX) is soaring into its next chapter of growth with the announcement of a long-awaited route to Istanbul, Türkiye, a city where East meets West. Travellers from Hong Kong and Macao can now access the heart of Türkiye with smooth Fly-Thru…
AirAsia is set to commence operation of its direct service to Kaohsiung International Airport in Taiwan from Mactan-Cebu International Airport (MCIA) in Cebu beginning Thursday, August 1, 2019. AirAsia will service the Cebu-Kaohsiung route thrice weekly every…
AirAsia X (D7, Kuala Lumpur Int’l) has announced its withdrawal from the African market with effect from March 25 of this year. Arik De, Chief Head of Commercial for AirAsia (AK, Kuala Lumpur Int’l), told Panapress in a statement that the decision to end…
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