the lenders have to take a huge 99% debt haircut during Covid. Who will be willing to experience that again without structural change from within Airasia? lets see whether fare increases will be able to minimise the losses in q3 and the status of financing plan. q4 will be ugly too. fare increases, less travel plans.

Bahrain, London should not proceed given the weak balance sheet situation of AAGB now. Thailand, Indonesia and Philippines should be reviewed and decision to scale down should be made too given the losses? Open tenders should be considered instead of RPT to Capital A for potential mil of savings. Scale down the operations and reduce the planes inventory later on - AirAsia has pushed back plans for a Middle East hub in Bahrain until March 2027, as volatile fuel prices and uncertainty over operating costs complicate investment decisions and the commercial viability of new routes. Speaking in Bahrain on November 1, Tony Fernandes, chief executive of Capital A and adviser to AirAsia Group, said the airline remained committed to the expansion but was unwilling to launch services before it could be confident of their profitability.