AirAsia says fares to drop once fuel prices stabilise, eyes one billion passengers by end of 2027 (opens original article in a new tab)

AirAsia says fares will drop when fuel prices stabilise and targets one billion passengers by 2027, while restructuring operations and aircraft fleet.

• AirAsia plans to reduce fares when fuel prices stabilise
• AirAsia aims to connect one billion passengers in Southeast Asia by 2027
• AirAsia is phasing out 12 ageing aircraft and acquiring Airbus A321LR models
• AirAsia lost RM150 million in Q1 2026 due to Middle East war-related airfare hikes