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)

P PREM KUMAR, Nikkei staff writer

July 9, 2020 19:41 JST

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.