AirAsia share price continues to fall

The decision by its founders to temporarily relinquish their executive posts due to the alleged Airbus corruption controversy, in addition to the continuing novel coronavirus outbreak in just two days, pushed down the stock by 10.16% or 13 sen to RM1.15 yesterday.

PETALING JAYA: Shares of AirAsia Group Bhd continued to suffer from recent setbacks, with nearly RM940mil being wiped off from its market capitalisation between Jan 31 to Feb 4.

The decision by its founders to temporarily relinquish their executive posts due to the alleged Airbus corruption controversy, in addition to the continuing novel coronavirus outbreak in just two days, pushed down the stock by 10.16% or 13 sen to RM1.15 yesterday.