Prime Minister Anwar Ibrahim confirmed Malaysia has not agreed to provide financial support to AirAsia Group Bhd. The government is monitoring the aviation sector amid jet fuel price surges linked to the Middle East conflict. Anwar stated any future assistance would be assessed based on national interest and public finances to protect taxpayer funds.
This follows AirAsia posting two straight quarterly losses as jet fuel costs rose sharply. The low-cost carrier, which does not hedge fuel costs, has seen its stock decline approximately 77% since the conflict began at the end of February. Anwar emphasized the government will continue closely monitoring these developments.
Source: Bloomberg Markets · Summarized by HeadlinesBriefing