AirAsia Group Berhad posted a net loss of RM830.5 million for the second quarter ended 30 June 2026, as foreign exchange swings weighed heavily on results and management pursued additional financing to shore up liquidity. The Malaysia-based low-cost group is in discussions for up to US$1.0 billion in funding, alongside RM700 million in local facilities, while also advancing plans for a targeted bond issue.
The loss narrowed to RM499.6 million before a RM331.0 million forex hit, highlighting the pressure from currency weakness on the carrier’s regional network. Financial strain was concentrated in short-haul operations in Thailand, the Philippines and Indonesia, as well as long-haul operations in Malaysia.
The results underline the continued strain on low-cost airlines across Southeast Asia, where fuel costs and currency volatility have remained key headwinds. AirAsia is seeking external support while trying to preserve cash and maintain flexibility across its operations.