From Malay Mail · Syed Jaymal Zahiid · · 1m
Capital A CEO denies AirAsia needs government bailout
AirAsia co-founder Tony Fernandes calls Reuters report 'irresponsible' after denying government bailout claims
In brief
AirAsia co-founder Tony Fernandes calls Reuters report 'irresponsible' after denying government bailout claims AirAsia co-founder Tony Fernandes says company doesn't need government help to survive, calling reports of financial distress 'irresponsible'. Originally reported by Malay Mail.
AirAsia co-founder refutes bailout claims
Capital A CEO Tony Fernandes denied reports AirAsia needs government help to absorb domestic market share.
“Nothing, nothing, we are not getting (anything) from the government”
Calls report 'irresponsible'
Fernandes described Reuters' claims as inaccurate and 'irresponsible' for AirAsia's financial situation.
“My top sources said no such conversations happen... kill it (the story) already”
No government support needed
AirAsia has been servicing debt on time without government assistance since the pandemic.
“We do not need rescuing or bailouts whatsoever”
Financial results
AirAsia reported a net loss of RM831 million for Q2 2026 due to rising jet fuel costs and foreign exchange losses.
Restructuring efforts
The company has cut underperforming routes and returned 25 older aircraft to lessors to reduce costs.
Oil crisis response
Fernandes says selling Airbus A321 Neo planes is due to oil supply crisis, not financial strain.
The bottom line
AirAsia co-founder Tony Fernandes says company doesn't need government help to survive, calling reports of financial distress 'irresponsible'.
