News
AirAsia Group sustainable with strong liquidity: Fernandes
September 21st 2026
AirAsia Group advisor, Tony Fernandes, has sought to reassure financial markets the airline group is capable of managing its way through challenging operating conditions amid high fuel prices and a stretched balance sheet. Read More » It has been widely reported AirAsia Group was seeking additional funding above the previously disclosed US$1 billion in refinancing and 700 million ringgit (US$171 million) in domestic funding announced in August. There have also been reports the Malaysia government has engaged an external consultancy to assess AirAsia Group’s funding needs and had reached out to local rivals Malaysia Airlines and Batik Air Malaysia whether they were in a position to add more seats to take over some of AirAsia Group’s local routes if required. The ongoing speculation about AirAsia Group’s financial health has pushed the share price to a four-year low. Fernandes told reporters and analysts during a near two-hour briefing on Friday the company was sustainable. "We are strong in liquidity," Fernandes said. "This is not an airline that’s in trouble." AirAsia Group has posted two consecutive quarterly losses and in August said it was returning 25 aircraft to lessors and cutting seat capacity by 20-25%.
