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AirAsia
2 CÈ pieces since 26 September 2026: 1 intel item, 1 essay. Newest first.All companies →
Vietjet's Thai flights still run 88% full, so why do fares cost up to 25% more?
Jet fuel hit US$195 a barrel last week, 117% above a year earlier. Fuel now takes 60% of a budget airline's costs, up from about 30%, and AirAsia and Vietjet fares run 20% to 25% above February levels.
Posting a loss? Tony Fernandes borrowed US$1 billion for AirAsia and let the Philippines unit fund itself
AirAsia Philippines landed a new investor on 21 September to pay for more planes, five days after Reuters reported Malaysia’s government was asking rival airlines whether they could take over AirAsia’s routes. Within twelve months AirAsia Group Berhad repeats that split at the next unit that needs growth money, because the group’s own stock, down roughly 75 percent since fuel prices spiked, is too cheap for Fernandes to sell without losing the company a second time.