AirAsia Group looks past 2Q losses, says enough working capital to sustain biz ops

AirAsia aircraft parked during the MCO.

KUALA LUMPUR: AirAsia Group Bhd, which sustained net losses of RM992.88mil in the second quarter due to the travel curbs caused by the Covid-19 pandemic, foresees that it has sufficient working capital to sustain the business operations.

In its announcement to Bursa Malaysia on Tuesday, the low-cost carrier said its forecast was barring any reversal of flight resumption plans and any major shock to demand.