AirAsia Says It Can Withstand Fuel Costs
AirAsia co-founder Tony Fernandes stated the airline maintains strong liquidity to manage rising jet fuel expenses. He dismissed bailout concerns and noted strong travel demand.
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AirAsia co-founder Tony Fernandes said Friday morning that the low-cost carrier has strong liquidity to withstand soaring jet fuel costs, targeting over $1 billion in debt refinancing by January. The comments aim to calm investor anxiety after shares tumbled to four-year lows amid broader industry turbulence. AirAsia controls about 60% of Malaysia's domestic aviation market, making its financial health a critical pillar for the regional economy.
