AirAsia's Fernandes Says Travel Demand Remains Strong, Current Crisis 'Far' Less Severe than Covid
Fernandes said AirAsia’s second quarter was its toughest, but strong travel demand and an expected $1 billion refinancing plan could ease pressure.
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8 Articles
Tony Fernandes dismissed reports of AirAsia facing a financial crisis, emphasizing strong cash management and liquidity. The airline is preparing to raise $1 billion to refinance high-interest debt and aims to operate its full fleet by October 2026. The post AirAsia Refutes Financial Tightness Reports, “Tony” Confirms No Crisis – Strong Liquidity, Moving Forward with Debt Refinancing appeared first on Business Online Stock News.
AirAsia co-founder Tony Fernandes has denied the airline is facing a major crisis.
AirAsia’s Fernandes says travel demand remains strong, current crisis ‘far’ less severe than COVID
HONG KONG, Sept 18 : AirAsia co-founder Tony Fernandes said on Friday that the low-cost carrier’s challenges from soaring jet fuel costs were “far, far” less severe than those it faced during the COVID-19 pandemic period. Speaking at a media briefing, he also said strong demand for air travel continued to support the business. The […]
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