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

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

Largest market of Malaysia is b


Largest market of Malaysia is below lockdown

Demand may begin to rebound from August-exec

Return to pre-COVID demand not anticipated till Q3 2022

Provides forecast for return to regular journey, funding particulars

June 9 (Reuters)AirAsia Group Bhd AIRA.KL has grounded round 90% of its fleet of greater than 200 planes throughout Asia resulting from resurgence of COVID-19 outbreaks, an government at its Malaysia unit mentioned on Wednesday.

Malaysia, its largest market with 105 planes, is at present below lockdown.

AirAsia Malaysia expects demand may begin to rebound from August, permitting it to revive service to all 17 of the home airports it serves by October, Chief Working Officer Javed Anwar Malik mentioned at a CAPA Centre for Aviation occasion on Wednesday.

A full return to pre-COVID demand ranges throughout Asia shouldn’t be anticipated till across the third quarter of 2022, he mentioned.

AirAsia Group final month reported its seventh consecutive quarterly loss and mentioned it was persevering with efforts to safe extra liquidity.

Passengers carried within the quarter ended March 31 totalled 976,968, a 90% drop from a 12 months in the past.

(Reporting by Jamie Freed in Sydney; enhancing by Jason Neely and Louise Heavens)

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