AirAsia X Bhd. has fallen behind on payments to suppliers and asked for deferrals on at least a dozen planes - Bloomberg News

AirAsia X Bhd. has reportedly fallen behind on payments to suppliers and requested deferrals on at least a dozen aircraft, according to a Bloomberg News report. This development comes amid ongoing financial challenges for the budget airline, which has been navigating volatile fuel prices and broader economic uncertainties. In its first-quarter 2026 financial results, the company reported a net loss of RM129 million, primarily attributed to a non-cash forex loss of RM232 million, while positive net operating profit (NOP) of RM199 million and EBITDA of RM1,009 million.

To mitigate rising costs, AirAsia X has taken several measures, including 10% reduction in capacity for the second quarter of 2026, the temporary suspension of 21 routes, and an early increase in fuel surcharges and fares in March 2026. The carrier has also secured USD300 million in refinancing and is targeting additional funding through private or public bond offerings in the second and third quarters of 2026.

The airline has been working to consolidate its operations under a unified platform following acquisition of AirAsia Aviation Group and AirAsia Berhad in January 2026. Despite these strategic moves, the company has acknowledged the need for continued financial discipline and is prioritizing yield and margin protection over volume in the current operating environment.