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KLSE: AIRASIA       AIRASIA GROUP BHD
Last Price Avg Target Price   Upside/Downside Price Call
0.82 0.59     -0.23 (28.05%)
* Average Target Price, Price Call and Upside/Downside are derived from Price Targets in the past 6 months.
** Price Targets are adjusted for Bonus Issue, Shares Split & Shares Consolidation (where applicable).
Date Open Price Target Price Upside/Downside Price Call Source News
22/07/2021 0.83 0.19 -0.64 (77.11%) SELL PUBLIC BANK Price Target News
14/07/2021 0.835 0.56 -0.275 (32.93%) SELL HLG Price Target News
13/07/2021 0.86 0.19 -0.67 (77.91%) SELL PUBLIC BANK Price Target News
13/07/2021 0.86 0.70 -0.16 (18.60%) SELL KENANGA Price Target News
13/07/2021 0.86 0.56 -0.30 (34.88%) SELL HLG Price Target News
13/07/2021 0.86 0.61 -0.25 (29.07%) SELL AmInvest Price Target News
08/07/2021 0.90 0.19 -0.71 (78.89%) SELL PUBLIC BANK Price Target News
02/07/2021 0.875 0.19 -0.685 (78.29%) SELL PUBLIC BANK Price Target News
03/06/2021 0.905 0.56 -0.345 (38.12%) SELL HLG Price Target News
28/05/2021 0.865 0.70 -0.165 (19.08%) SELL KENANGA Price Target News
17/05/2021 0.845 0.39 -0.455 (53.85%) SELL PUBLIC BANK Price Target News
07/05/2021 0.85 0.39 -0.46 (54.12%) SELL PUBLIC BANK Price Target News
26/04/2021 0.90 0.39 -0.51 (56.67%) SELL PUBLIC BANK Price Target News
05/04/2021 1.00 0.90 -0.10 (10.00%) SELL HLG Price Target News
30/03/2021 1.10 0.39 -0.71 (64.55%) SELL PUBLIC BANK Price Target News
30/03/2021 1.10 0.70 -0.40 (36.36%) SELL KENANGA Price Target News
30/03/2021 1.10 0.90 -0.20 (18.18%) SELL HLG Price Target News
30/03/2021 1.10 0.63 -0.47 (42.73%) SELL AmInvest Price Target News
30/03/2021 1.10 0.75 -0.35 (31.82%) SELL AffinHwang Price Target News
23/03/2021 1.19 0.39 -0.80 (67.23%) SELL PUBLIC BANK Price Target News
25/02/2021 0.895 0.62 -0.275 (30.73%) SELL AmInvest Price Target News
11/02/2021 0.78 0.39 -0.39 (50.00%) SELL PUBLIC BANK Price Target News
10/02/2021 0.775 0.39 -0.385 (49.68%) SELL PUBLIC BANK Price Target News


Price Target Research Article/News (past 6 months)
22/07/2021  PUBLIC BANK PublicInvest Research Headlines - 22 Jul 2021
14/07/2021  HLG Aviation - Turbulence to Persist
13/07/2021  PUBLIC BANK AirAsia Group Berhad - Proposing a Cash Call Exercise
13/07/2021  KENANGA AirAsia Group Berhad - Rights Issue to Shore Up Liquidity
13/07/2021  HLG AirAsia Group - Cash raising exercise
13/07/2021  AmInvest AirAsia - Raising highly-dilutive RM1bil convertible debt
08/07/2021  PUBLIC BANK AirAsia Group Berhad - Acquiring Gojek’s Thailand Operations
02/07/2021  PUBLIC BANK PublicInvest Research Headlines - 2 Jul 2021
03/06/2021  HLG AirAsia Group - Wider Losses
28/05/2021  KENANGA AirAsia Group - Narrowed 1QFY21 Losses Miss Estimates
17/05/2021  PUBLIC BANK PublicInvest Research Headlines - 17 May 2021
07/05/2021  PUBLIC BANK PublicInvest Research Headlines - 7 May 2021
26/04/2021  PUBLIC BANK PublicInvest Research Headlines - 26 Apr 2021
05/04/2021  HLG AirAsia Group - Improved outlook, but risks remain
30/03/2021  PUBLIC BANK PublicInvest Research Headlines - 30 Mar 2021
30/03/2021  KENANGA AirAsia Group Berhad - 4QFY20 Losses Widened
30/03/2021  HLG AirAsia Group - Improved Outlook, But Risks Remain
30/03/2021  AmInvest AirAsia - RM3.5bil losses in FY20
30/03/2021  AffinHwang AirAsia Group Berhad - Record Losses to End a Difficult Year
23/03/2021  PUBLIC BANK PublicInvest Research Headlines - 23 Mar 2021
25/02/2021  AmInvest AirAsia - A RM320mil hole on AirAsia Japan's bankruptcy
11/02/2021  PUBLIC BANK PublicInvest Research Headlines - 11 Feb 2021
10/02/2021  PUBLIC BANK AirAsia Group Berhad - 4QFY20 Operating Statistics



  116 people like this.
 
Macgyver11 Itu seringgit Tony hantar dlm kapal mana..meow
29/07/2021 4:54 PM
Bgt 9963 Good luck.!
29/07/2021 5:35 PM
FaridIsland Ya ka?.?0.45...fasterlah come 2me!
30/07/2021 7:34 AM
DickyMee RM 0.45 coming soon!
30/07/2021 12:36 PM
i3lurker the F_U_C_K_ing share price came down?

look for more gamblers?

Sslee MAS will survive and many national airline will survive because they have sugar daddy or government support.

But AA you only got gamblers support what will happen when cash run out?
28/07/2021 11:29 AM
30/07/2021 3:40 PM
TianChoi1 All the stock punters are gambler/investor. What the u talking about????
30/07/2021 4:06 PM
rulethemarket Opening the borders soon! keep positive!
30/07/2021 4:14 PM
Bgt 9963 Good luck.!
30/07/2021 4:17 PM
Alice7591 Q at 0.815
30/07/2021 4:19 PM
In_Sight https://newsroom.airasia.com/news/airasia-sets-up-ppv-at-redq

Baby steps along the way. Hang in there.
30/07/2021 6:01 PM
trum Tony said Don’t Worry. Have faith in AA management.
And you all must believe in AA management who works hard 24/7.
31/07/2021 4:28 PM
Maxsuper Tony once said AAX will be very very big one day...... that day never came..... TG boss once said they'll be the biggest plc in Msia one day..... the rest is history...
31/07/2021 9:37 PM
Macgyver11 Lambda already strike 29 countries. Malaysia do more tight borders restrictions. WHO said lambda variant immune to Vaccine....rm4.50 gang day dreaming here. This year no hope AA. Throughout the year will be qtr loss. Caution!!!
01/08/2021 8:37 AM
apple168 MOH VERIFIED NEW COVID PATIENTS IN MALAYSIA
31/7/2021: 17786
30/7/2021: 16840
29/7/2021: 17170
28/7/2021: 17,405
27/7/2021: 16117
26/7/2021: 14516
25/7/2021: 17045
24/7/2021: 15902
23/7/2021: 15573
22/7/2021: 13034
21/7/2021: 11985
20/7/2021: 12366
19/7/2021: 10972
18/7/2021: 10710
17/7/2021: 12528
16/7/2021: 12541
15/7/2021: 13215
14/7/2021: 11618
13/7/2021: 11079
12/7/2021: 8574
11/7/2021: 9105
10/7/2021: 9353
9/7/2021: 9180
8/7/2021: 8868
7/7/2021: 7097
6/7/2021: 7654
5/7/2021: 6387
4/7/2021: 6045
3/7/2021: 6658
2/7/2021: 6982
1/7/2021: 6988

THE SHARP INCREASE IN NUMBER MOST PROBABLY RELATED TO COVID-19 DELTA VARIANT.

COVID CATEGORY RELEASED BY MOH DOES NOT REFLECT THE CURRENT SITUATION OF WHICH ALL ICUs IN KLANG VALLEY ARE FULL AND RAN OUT OF VENTILATORS AND THE PATIENTS IN CATEGORY 1 OR 2 CAN DETERIORATE TO CATEGORY 5 IN THE MATTER OF TIME, THE UNFORTUNATE ONE, WILL DIE. YOU CAN SEE HOW SHORT SIGHTED THOSE WHO KEEP ON POSTING THE COVID CATEGORY AND UNDERESTIMATE THE REAL PROBLEM HAPPENING!

COVID NEW CASES LIKELY IN CONSOLIDATION PATTERN and most probably LIMIT UP SOON WITH ECONOMIC REOPEN?

Malaysia has 1 million+ COVID INFECTED person! At least ONE MILLION FAMILY IN DEEP GRIEF, LOST AND NEED HELP FROM ALL OF US!

"The pandemic is nowhere near finished," said Professor Didier Houssin, chair of the WHO Emergency COVID-19 Committee.
15 July 2021

SMART INVESTORS, YOU SHOULD KNOW WHAT TO DO NEXT…

MARKET never change. What CHANGES are the CLOWNS who BELIEVE in the LIES!

COVID STATISTICS as stated ABOVE and the REAL SCENARIO as listed below PROVEN EVERYTHING…

https://fb.watch/74RqvsFocB/

https://www.reuters.com/world/us/majority-covid-19-cases-large-public-events-were-among-vaccinated-us-cdc-study-2021-07-30/

https://www.chinapress.com.my/?p=2604502

https://www.chinapress.com.my/20210726/%E9%92%9F%E5%8D%97%E5%B1%B1%E5%9B%A2%E9%98%9F%E9%A2%84%E6%B5%8B%E6%88%91%E5%9B%BD-10%E6%9C%884%E6%97%A5%E8%B5%B7%E6%97%A5%E5%A2%9E2%E4%B8%87%E4%BE%8B/

https://www.who.int/news/item/15-07-2021-statement-on-the-eighth-meeting-of-the-international-health-regulations-(2005)-emergency-committee-regarding-the-coronavirus-disease-(covid-19)-pandemic

https://youtu.be/XOvoX8-dF4U

https://www.cnbc.com/2021/07/23/covid-cases-are-rising-again-in-all-50-states-across-us-as-delta-variant-tightens-its-grip.html?&qsearchterm=50%20states

https://www.sinchew.com.my/pad/con/content_2516659.html

https://www.cnbc.com/2021/07/22/i-think-people-are-underestimating-how-bad-this-is-going-to-get-dr-ashish-jha.html

https://youtu.be/itVLFnbEcNQ

https://hotspot.com.my/newsvideo/96416/1914421/确诊连续9天破1万%20%20%20私人医院新冠病床快爆满?

https://www.wsj.com/articles/global-stock-markets-dow-update-07-19-2021-11626680342?mod=hp_lead_pos1

https://www.malaysiakini.com/news/583809

https://www.dailymail.co.uk/health/article-9796589/amp/Israel-saus-Pfizers-COVID-19-vaccine-significantly-effective-against-Indian-Delta.html

https://youtu.be/jCraPHCzDIw

https://www.orientaldaily.com.my/news/international/2021/07/17/424907

https://youtu.be/8E3Smk06MJo

https://hotspot.com.my/newsvideo/96418/1913163/%E7%A1%AE%E8%AF%8A%E6%9...

https://youtu.be/UAsNjoYNy-M

https://youtu.be/sUgZgoDvCoA

https://youtu.be/vZV6NWbSCNQ

https://youtu.be/sUgZgoDvCoA

https://youtu.be/rT56wSD3cNI
01/08/2021 9:13 AM
ykyew11 "SMART INVESTORS, YOU SHOULD KNOW WHAT TO DO NEXT…"

So you are telling us that we should buy, got it.
01/08/2021 9:34 AM
EatCoconutCanWin I advice that better sell . Don't invest in airline. Even you got vaccination, the potential to get virus is getting high. Human body can't took too much vaccine. So , conclusion is airline can't operation for at least 2-3 years . Keep on new variant is coming out. Thailand n Malaysia is the worst impacted now by delta variant cause global gloves shortage export. Buy gloves
01/08/2021 9:54 AM
apple168 https://youtu.be/sE67mzdNo5c
01/08/2021 9:56 AM
ykyew11 On the contrary to you, I think now is the best time to buy.

You can't be serious thinking that even interstate will not be allowed for 2-3 years even using common sense. Worst case scenario, they will not allow interstate till early next year. Logically, I think the government will use a different metric when majority of the population gets vaccinated, they will probably look at hospitalisation and death rates instead.

Don't buy glove stocks, ditch the glove stocks. You missed the boat last year and it isn't going back to its peak at least in a long time.
01/08/2021 10:29 AM
i3lurker the F_U_C_K_ing share price came down?

no worries

20 years of MCO coming...

MCO is the only thing the PN people knows
01/08/2021 10:33 AM
TianChoi1 Ha Ha ha
Refering to Covid update in malaysia ie Sarawak.
Sarawak has achieve 82.5% Dose 1 and 60.1% Dose 2 ---- 30/July 2021
Similar to UK experience, despite the increase in number of cases around kuching, those INFECTED recently are in Category 1 ( no symptoms) and Category 2 (mild symptoms). This explains decrease in sarawak death rates. Those vaccinated only show category 1 and 2.
Category 3 ( X ray changes of the lung,
Category 4 (require oxygen) and
category 5 (ICU intubated on ventilator).

RM4.50 is definitely coming

People like Apple168 is obviously talking nonsense!!! I don't understand. With this digital era, information is readily available. Pls don't make a fool of yourself. Ha ha ha
01/08/2021 10:37 AM
perx135305 Relax and chill. Enjoy you weekend, come Monday sure red, red bacausr of Malaysia politic instability
01/08/2021 10:53 AM
i3lurker the F_U_C_K_ing share price came down?

no worries


please dun mix up with the History of Spanish Fly in 1918.
During the era of the Spanish Fly in 1918, there were no vaccinations ... so "nothing" forced the Spanish Fly virus to mutate.

kakakaka
01/08/2021 11:07 AM
Sslee When you are f××× just admit it, no need to show off your ego and call your business associates/Bankers names and threatened them with your very very strong book. You are actually really really * fxxx big time*


AirAsia Group CEO Tony Fernandes has spoken out against what he describes as “fair-weather” friends from the corporate world who ditched the company as it goes through its worst financial crisis yet, brought on by the Covid-19 pandemic.

The budget airline tycoon however stopped short of naming who he meant, saying he preferred to reveal them in a “very very strong book” that he is currently working on.

“The biggest learning for me is fair-weather friends and fair-weather corporations that made so much money from you over the 19 years,” Fernandes said
01/08/2021 12:54 PM
ykyew11 @Sslee That piece of news is about 1 month old dude, don't need to be so salty. Did Tony bully you or something?
01/08/2021 1:44 PM
ruby92 People beings salty with AA just because one reason. They loses money. Noob investor huhuhu
01/08/2021 7:59 PM
Karlos Just keep your head when all around you are losing theirs ......
02/08/2021 9:22 AM
perx135305 Yup, psychology is a huge factor in share trading
02/08/2021 9:48 AM
DickyMee You are right. Lose money in AA.

--------------------------
ruby92 People beings salty with AA just because one reason. They loses money. Noob investor huhuhu
01/08/2021 7:59 PM
02/08/2021 12:23 PM
ImmortanJoe Investment is about forecast what going to happen in future. Just throwing one question on table. What will happen once 80% of Malaysian population are vaccinated? Still no domestic travelling? That's not going to hold public from bringing down further the negative politics score. Government will allow domestic/interstate travel to pacify the frustrated citizens.

Again, AA just need to stay afloat for couple of months until domestic flights are allowed to operate. That's will be a recovery starting point. No 4.5 for sure.. but we will see visible uptrend.

What Tony is saying can be true or false but if he makes it through this pandemic, AA will soar.

Half of the investors are holding. That's a good sign, investors still not losing confidence on AA.
02/08/2021 12:38 PM
Sslee I admit I lose money in AAX. My fault the writing is on the wall.
02/08/2021 1:24 PM
perx135305 Joe, just adding to your point. Safe investing is predicting the future and prepare for it. What is the multiple outcome of this pandemic? And how you prepare for it?

The future of AirAsia boils down to one question: Can AirAsia survive covid? And think of what you want to do in each scenario, and the risk-reward.

On a side note. Why is AirAsia diversifying so heavily now? There is always a chance (although very low) covid will lock us down for the next few years. So what can the management do to survive?
02/08/2021 1:30 PM
ImmortanJoe Very good thoughts perx. For investors, they should already expect that is will be a long term investment for now. Those with holding power will continue to do so as, since the chances for profit return is there in couple of months or 1 - 2 years. Those without holding power, will try to dump and run or cut loss.

I've mentioned it before, AA need to stay afloat while facing this pandemic. Diversifying is another business strategy to keep them alive and rolling. Heavy investment in acquiring other businesses such as gojek, etc. shows that the company has something else in mind too. It shows that AA won't die as group but rather shift their strenght to other fields if push comes to shove.

Well the future for any airline business is not certain. However, this pandemic will not be forever and travel bubble will eventually will be introduced.

Glad someone can discuss this topic with you. I just hope everyone can have decent matured discussion rather than being harsh or negative to state ones point. Those who want to see fast cash, AA is not a place to invest for now. Mid to long term investment, yes.

Once 80% vaccinated, it will be different ball game. Hope PN or whoever is incharge will make the call. Our politics is pain in ass
02/08/2021 1:59 PM
alieyasmart They should do some alternative business to help them go through this pandemic season.

Posted by perx135305 > Aug 2, 2021 1:30 PM | Report Abuse

Joe, just adding to your point. Safe investing is predicting the future and prepare for it. What is the multiple outcome of this pandemic? And how you prepare for it?

The future of AirAsia boils down to one question: Can AirAsia survive covid? And think of what you want to do in each scenario, and the risk-reward.

On a side note. Why is AirAsia diversifying so heavily now? There is always a chance (although very low) covid will lock us down for the next few years. So what can the management do to survive?
02/08/2021 2:08 PM
perx135305 BTW, Isreal is giving 3rd dose of Pfizer to people >60. A sign that covid is not going away anytime soon. A reference to influenza, whr high risk individuals (including individuals >65) are recommended to get a flu jab annually.

Another encouraging development is UK (being very bold) take the 1st step to open up even thought thier daily case numbers is not low. And the situation in UK looks to be under control so far
02/08/2021 2:28 PM
In_Sight I think the risk is more to dilution rather than going bankrupt. AA can just keep diluting it’s shares to raise fund. A brand and dominant market leader business like AA will not be short of buyers if it decides to call it a day and let someone else take over.

Let’s go back to pre covid 2018 net profit. 1.8billion. After deducting one offs you get about 1.3billion. As of today’s price that’s a P/E of around 2.5, however post dilution after rights issue or rather rcuids it’ll be around P/E of 3. Isit overvalued? You judge for yourself.

If hardworking take a look at their financials from 10 years ago up to 2018 what is their growth in revenue and net profit. 2019 is the year they sold their planes and effected by accounting standards which has no effect on cash. You need to dig deeper to find its real cash flow from operations and how much they really make. AA has always been cash flow positive.

The pricing war may consolidate post covid. Just like the US big four. Then the margins will be way better. They can have price war for only so long and when they realize it’s not right to throw cash especially after covid consolidation will happen. Even MAS CEO said no more crazy price wars. Otherwise MAS will just be throwing taxpayers money like so many years before. And one day the Gov might just say enough is enough.

Also AA trimmed off money sucking Indian and Japan operations. That’s a good thing to just focus on money making markets.

All the above haven’t take into account of its digital venture which has started way before covid. Many people think they diversify because of covid but actually they started 2 years before that. Now they accelerate it, if any one of their digital ventures makes money that will trickle down to the bottomline of cash earned. Teleport first year revenue 200m. 2nd year 400m. Ebitda positive. Just imagine the growth down the years, they even buy their own cargo plane and converting AA’s airbus to remove all seats to cater for cargo. Go check out their network of destinations you will be amazed.

Businesses takes time to grow and make money. Most investors buy into AA’s business model and future prospects.

So i think most ppl invest in AA will hold and let it do it’s thing until life gets back to normal. We are in no hurry. It’s good the even 17k cases and announcement of rcuids the price still holding quite well after taking into consideration of the dilution price adjustment.

Ofcoz there are alot more who buy shares and want to sell tomorrow or next week for fast money. That’s why these people are so anxious. When it doesn’t happen they cut lose and curse the company.

Great management, market leader, ASEAN population and income growth. All these bodes well for AA.

Chill and relax.. see you guys in the skies soon…
02/08/2021 2:57 PM
ImmortanJoe You are right. We have to live with this virus. The country is just try to bring down the critical case and reduce ICU occupancy. Eventually we and other countries will follow UK and China footstep. Booster will be annual routine just like influenza vaccine.

A business man will always have plan B to safe his/her empire. For AA, Tony is going all out to keep the business alive. We can see it with his new business venture, loan request, etc. This company will be a good case study for many in coming years.

To investors, please assess the current and future situation before making any investment. Investment comes with risk and it can be due to any reason. Same goes to AA, sometimes the tough gets going and will see light at the end of tunnel.

Glad to chat with you perx.
02/08/2021 3:04 PM
In_Sight On a side note politics are ugly as usual in Malaysia.

I remember reading that 3rd dose will be given only to high risk and those who have immune system problems.

UK is doing very very well. Hospitalization and death remain low. Many are surprised by their sudden drop of cases despite Delta and the European Cup with so many people in the stadiums and on the street.

It will become endemic. US is studying how well the immunity from vaccines lasts and they found out that T cells have very good memories and is effective even after a two years into the pandemic. Their problem is that they have alot more anti vax community who are not willing to take vax. So it is essentially a pandemic for the unvaccinated for the US.
02/08/2021 3:05 PM
DickyMe RM 4.50 coimng soon!
02/08/2021 3:53 PM
ImmortanJoe Hi Dicky.. notice that you are strongly against AA and foresee it will succumb soon based on chat history. I respect your input, where some of it brings up valid but debateable reasons. Have you invested in AA? If yes, maybe you can advise your exit strategy, it will help some of the investors to have more options in managing their AA stocks. Maybe they can apply the same ideas to other investment as well. It will be a good discussion I bet.
02/08/2021 4:07 PM
perx135305 There's two dickies, one DickyMe, another DickyMee.....
02/08/2021 4:11 PM
TianChoi1 Yes.
Original one is DickyMe
Bitter one is DickyMee
Ha ha ha
02/08/2021 4:22 PM
TianChoi1 Currently the results shows that 95% of the vaccinated ppl are getting no symptoms -( category 1) or mild symptoms ( category 2).
However if the situation changes, I will reconsider my investment in AA shares. In the meantime, the future looks bright for AA.
1) Vaccinated ppl are only getting no symptoms or mild symptoms
2) Malaysia Vaccination process is awesome. About 500,000 doses per day. We should be back to normalcy in 2 months time once 80% of the population get vaccinated.

RM4.50 is coming.
02/08/2021 4:40 PM
perx135305 Yes, Malaysian vaccination effort is excellent! But our politicians need to do better, government and opposition alike
02/08/2021 4:43 PM
Bgt 9963 Good luck.!
02/08/2021 5:08 PM
Sslee https://www.bangkokpost.com/business/2158255/thai-airasia-suspends-flights-cuts-pay-packets

PUBLISHED : 2 AUG 2021 AT 05:44
NEWSPAPER SECTION: NEWS
WRITER: KAMOLWAT PRAPRUTITUM

Thai AirAsia (TAA) has suspended all flights this month and deferred paying its staff either wholly or partially until September.

The airline, regarded as one of the most robust domestic carriers, has faced a financial crunch from consistently low passenger volumes since the Covid-19 pandemic began early last year. All domestic airlines including this one also suffer from a lack of cash flow.

The airline stopped flying after the restrictions were launched last month. It says all flights will stay grounded for now after efforts to secure loans were in vain.
02/08/2021 7:17 PM
hanna20 Absolutely true.

Those politicians really make our country upside down

Posted by perx135305 > Aug 2, 2021 4:43 PM | Report Abuse

Yes, Malaysian vaccination effort is excellent! But our politicians need to do better, government and opposition alike
02/08/2021 7:25 PM
In_Sight Sarawak total fully vaccinated at 64%. 6 days in a row without death. Only 21 in ICU and 4 on ventilator. Mostly Sinovac. Moving to phase 3 of NRP in a few days.
02/08/2021 7:54 PM
In_Sight Klang Valley 97% first dose 37.5% second dose. In another 3 weeks time the first dose will be done with second dose Pfizer and Sinovac. I believe AZ is smallest number. Almost there..
02/08/2021 8:00 PM
trum Tony said Don’t Worry. Have faith in AA management.
And you all must believe in AA management who works hard 24/7.
03/08/2021 1:45 AM
i3lurker Faith Based Investing is a F_U_C_K_ing methodology where you must F_U_C_K the F_U_C_K_ing staff.......

Posted by Sslee > Aug 2, 2021 7:17 PM | Report Abuse

https://www.bangkokpost.com/business/2158255/thai-airasia-suspends-fli...

PUBLISHED : 2 AUG 2021 AT 05:44
NEWSPAPER SECTION: NEWS
WRITER: KAMOLWAT PRAPRUTITUM

Thai AirAsia (TAA) has suspended all flights this month and deferred paying its staff either wholly or partially until September.

The airline, regarded as one of the most robust domestic carriers, has faced a financial crunch from consistently low passenger volumes since the Covid-19 pandemic began early last year. All domestic airlines including this one also suffer from a lack of cash flow.

The airline stopped flying after the restrictions were launched last month. It says all flights will stay grounded for now after efforts to secure loans were in vain.
03/08/2021 2:54 AM

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