SYDNEY (June 9): AirAsia Group Bhd has grounded around 90% of its fleet of more than 200 planes across Asia due to a resurgence of Covid-19 outbreaks, an executive of its Malaysian unit said today.
Malaysia, its largest market with 105 planes, is currently under a lockdown.
AirAsia expects demand to start to rebound from August, allowing it to restore service to all 17 of the domestic airports it serves by October, group chief operating officer (COO) Javed Anwar Malik said at a CAPA - Centre for Aviation event today.
A full return to pre-Covid demand levels across Asia is not expected until around the third quarter of 2022 (3Q22), he said.
AirAsia last month reported its seventh consecutive quarterly loss and said it was continuing efforts to secure more liquidity.
Passengers carried in the quarter ended March 31 totalled 976,968, a 90% drop from a year ago.