grounded

Retail Asia06/04/2020

Airasia may have enough cash to last them for most of 2020 but it is currently seeking out a loan from the Malaysian government to cushion the impact from the challenging economic environment. The low-cost carrier’s chief executive officer Tan Sri Tony Fernandes(pic) said there was no need for bailouts and what most airlines were […]

Retail Asia02/04/2020

Cebu Pacific on Wednesday reported a 132.6-percent jump in net income for 2019, before the coronavirus pandemic grounded world travel and plunged airlines into financial turmoil. The Philippines’ largest airline posted net income of P9.123 billion last year from nearly P4 billion in the previous year, according to a stock exchange filing. Passenger revenue grew […]

Retail Asia31/03/2020

AirAsia Group announced, at the weekend, it is temporarily hibernating most of its fleet across its entire network in Asia, in view of the COVID-19 pandemic that led to extensive border restrictions. The actual fleet downtime differs with each of the group’s member airlines. AirAsia Malaysia suspended all flights, international and domestic, 28 March and […]

Retail Asia30/03/2020

AirAsia Group Berhad is suspending most of its flights from March 28 to May 31. In a statement on its website, the company said the Covid-19 pandemic had led to unforeseen extensive and increasing border restrictions by various countries. “This flight suspension is necessary to ensure the sustainability of the business and is the right […]

Tag: grounded

AirAsia seeking govt loan

Cebu Pacific net income doubled in 2019

AirAsia Group hibernates fleet

AirAsia grounding most flights from March 28 to May 31