AirAsia X eyes expansion in China, Japan and South Korea

An analyst said the stock likely came under selling pressure after being overbought by investors.

KUALA LUMPUR: AirAsia X Bhd considers North Asia, namely, China, Japan, and South Korea, as its new market for growth, said AirAsia executive chairman and AirAsia X group CEO Datuk Kamarudin Meranun.

Due to the scarcity of resources, the long haul budget airline will also be rationalising its routes by reallocating some of the current Australian capacity to its other destinations next year.