AirAsia X has hit out at critics in a strongly-worded statement, after creditors to the long-haul, low-cost carrier overwhelmingly approved a debt restructuring plan. The carrier’s 12 November statement, desrcribed the restructuring as a “wide and deep reset,” and is…
A strong performance from the cargo segment helped Korean Air to post an operating profit of nearly 439 billion won during the third quarter of 2021, a significant jump from the 7.6 billion won profit for the same period in…
Thai AirAsia’s parent company, Asia Aviation (AAV), has secured board approval to raise 14 billion baht, following its 20 October announcement that it plans to raise funds by issuing convertible bonds and new shares to both new and existing shareholders. The…
Singapore Airlines (SIA) posted a larger second-quarter loss despite a gradual recovery in passenger traffic and strong performance from the cargo business, due to a higher operating expenditure. As a result, operating loss for the quarter ended 30 September came…
AirAsia Group has named Colin Currie as its chief commercial officer on 10 November. In this role, Currie will develop a “consumer-centric strategy” by using data to optimise the group’s growth and meet the financial objectives of AirAsia’s airlines and…
Cebu Pacific saw its third-quarter loss narrowing slightly as surging passenger revenue and a higher number of flights operated helped the Philippine low-cost carrier. Operating loss for the quarter ended 30 September came in at PHP 6.15 billion, an 8.7 percent…