AirAsia Group turns to margin protection as fuel costs bite, suspending 21 routes and cutting capacity
AirAsia Group reported a Q1 profit but said a fuel surge is forcing a shift to margin protection: it is suspending 21 routes, reducing capacity, and adjusting its network. Separately, Indonesia AirAsia will axe Bali services from Melbourne and Adelaide from 18 June, citing a no-longer-viable operating environment.