‘Now is not the right time’: AirAsia puts long-haul dreams on ice as fuel costs bite

AirAsia Group co-founder Tony Fernandes announced a strategic shift, prioritizing domestic and Southeast Asia operations during an adjustment period. This decision stems from high fuel prices impacting the airline’s financial situation. Fernandes refuted “ludicrous” reports of financial difficulties presented at a press conference held on September 18th. The group is currently returning to its core markets within the region, focusing on domestic routes and Southeast Asian destinations. He stated that "now is not the right time" for long-haul ambitions due to these economic pressures.