Tycoon Tony Fernandes’ AirAsia X Returns To The Black Amid Post-Pandemic Travel Rebound

AirAsia X (AAX)—the long-haul airline unit of Malaysian tycoons Tony Fernandes and Kamarudin Meranun’s budget carrier AirAsia Group— returned to the black amid a surge in travel demand following the gradual resumption of international travel post-pandemic.

The company posted a net profit of 25 million ringgit ($5.5) in the three months ended September, compared with a net loss of 652.5 million in the previous quarter, AAX said in a statement on Tuesday.

“AAX is now well on track in its recovery path even as the airline is compelled to operate in a challenging operational environment dictated by high fuel prices and a weakened Malaysian ringgit against

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