Homeaviation News

    AirAsia has grounded around 90% of fleet amid COVID-19 surge

    AirAsia has grounded around 90% of fleet amid COVID-19 surge

    AirAsia has grounded around 90% of fleet amid COVID-19 surge
    Profile image

    By Reuters  IST (Published)

    Mini

    AirAsia Group last month reported its seventh consecutive quarterly loss and said it was continuing efforts to secure more liquidity.

    AirAsia Group Bhd has grounded around 90 percent of its fleet of more than 200 planes across Asia due to resurgence of COVID-19 outbreaks, an executive at its Malaysia unit said on Wednesday. Malaysia, its largest market with 105 planes, is currently under lockdown.
    AirAsia Malaysia expects demand could start to rebound from August, allowing it to restore service to all 17 of the domestic airports it serves by October, Chief Operating Officer Javed Anwar Malik said at a CAPA Centre for Aviation event on Wednesday.
    A full return to pre-COVID demand levels across Asia is not expected until around the third quarter of 2022, he said.
    Also Read
    AirAsia Group last month reported its seventh consecutive quarterly loss and said it was continuing efforts to secure more liquidity.
    Passengers carried in the quarter ended March 31, totalled 976,968, a 90 percent drop from a year ago.
    Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
    arrow down

      Most Read

      Market Movers

      View All
      CompanyPriceChng%Chng