AirAsia says financial pressure is beginning to ease

AirAsia co-founder Tony Fernandes said the airline is beginning to recover from the liquidity pressure created by the Middle East crisis and is close to securing a major financing deal.

The airline had faced a difficult fuel-cost environment because tickets had already been sold before the conflict-driven price increases. The story is a reminder that airline profitability remains highly exposed to geopolitical shocks and fuel-price volatility even when underlying travel demand is healthy.