Turbulent times: Even as domestic air travel starts to improve as Malaysia moves to a more lax recovery MCO, AirAsia X will not enjoy any advantage as it is a long haul, low-cost airline.
THE runway for AirAsia X Bhd
(AAX) is far from clear, filled with liquidity potholes that is now an enormous task to patch.
It is burning more cash than it can sustain and the group is now at a critical juncture where it has to pull all stops to raise funds, or its current cash pile, even if it is utilised conservatively, will only see it survive until the end of 2020, according to an analyst.
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