AirAsia, AAX shares advance as Fernandes remains committed to carriers

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KUALA LUMPUR (March 6): Shares in low cost carriers AirAsia Bhd and AsiaAsia X Bhd (AAX) rose this morning after AirAsia yesterday issued a statement denying claims that its group chief executive officer Tan Sri Tony Fernandes will be resigning from the group to venture into the financial technology sector.

At 9.04am, AirAsia rose 1.88% or 8 sen to RM4.33 with 376,300 shares done while AAX added 2.47% or 1 sen to 41.5 sen with 2.49 million shares traded.

The statement referred to a hoax screenshot of a news story titled Tony Fernandes leaves AirAsia, jumps on financial tech, which was circulating on social media.

The group advised members of the public and the media to disregard the hoax and said Fernandes remains committed to AirAsia and will continue to oversee its strategic direction and business operations.