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AirAsia will rebound to profit in a year, vows CEO Tony Fernandes

Discount airline needs to raise $470m in next 6 months to be 'very comfortable'

Tony Fernandes said he was confident AirAsia coud be profitable in 2021. (Photo by Yuki Nakao, File photo)

KUALA LUMPUR -- AirAsia Group CEO Tony Fernandes on Thursday said the low-cost airline can bounce back to profitability next year, but that it will look to raise 2 billion ringgit ($469 million) in the next six months to be in a "very comfortable" position.

In an interview with Nikkei Asian Review, Fernandes expressed confidence that AirAsia can overcome heavy losses brought on by the COVID-19 pandemic.

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