AIRASIA Group Bhd expects to have sufficient liquidity for the second half of the financial year 2021 (2H21) and throughout 2022 via all of its strategic fundraising exercises.

The low-cost carrier narrowed its net loss to RM580.06 million for the second quarter ended June 30, 2021 (2Q21), from a net loss of RM992.89 million in 2Q20.

Revenue for the quarter was RM370.61 million, higher by 160.82% year-on-year (YoY) following improved revenue from its aviation and digital businesses.

In a bourse filing yesterday, AirAsia noted aviation revenue increased 176% YoY off a low base due to the fleet hibernation for most of 2Q20 caused by the onset of the pandemic.Read more