Air Asia just collapsed… What’s REALLY going on ?!

Your playbook for doing business in Asia : https://statrys.com/youtube?v=8ec9g1t6KJA Open a business account: https://statrys.com/getstarted?utm_source=youtube&utm_medium=organic_video&utm_campaign=youtube_description&utm_content=8ec9g1t6KJA 0:00 Intro 1:34 Plan B 3:58 The numbers are bad 7:06 Why cheap seats break first 8:39 The bet nobody talks about 12:14 What comes after cheap AirAsia is deep water. Thursday, the stock dropped 21% in a single session. Its lowest point since 2022. Down 75% since February. Malaysian papers are printing the word bankruptcy everywhere. Open the books and you understand why… Last quarter, Air Asia took its biggest loss in 4 years. 202 million dollars gone in 3 months. The accounts are nearly empty. but the worst is still coming. 4.5 billion dollars of bills falling due within the next 12 months. And yet, a few days ago in Bangkok, Tony Fernandes, the man who runs the whole thing, strolled into a press conference without a care in the world, and told everyone to relax. Strong liquidity, he said. No bailout requested, none needed. “Covid was far worse than this.” Then why are the unpaid bills piling up everywhere? And why is Malaysia calling his rivals to ask who flies the country without him? In this video I'll show you what's REALLY happening inside AirAsia right now. Why budget airlines are dropping dead one after another across the world. And who ends up paying the bill when Air Asia runs out of cash. #AirAsia #TonyFernandes #airlines