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AirAsia falls 21% as rivals weigh market share

AirAsia Group Bhd shares plunged as much as 21% to the lowest in almost four years, after reports Malaysia's government had asked other local airlines to potentially absorb the cash-strapped carrier's domestic market share.

The Star MalaysiaThe Star查看原文 ↗
亚航股价下跌21%,竞争对手加紧争夺市场份额

Shares of sister company Capital A Bhd fell as much as 18% to the lowest in more than a year.

KUALA LUMPUR: AirAsia Group Bhd shares plunged as much as 21% to the lowest in almost four years, after reports Malaysia’s government had asked other local airlines to potentially absorb the cash-strapped carrier’s domestic market share.

The talks with Malaysia Airlines Bhd and Batik Air are part of scenario planning as authorities monitor AirAsia’s financial health, Reuters reported, citing two sources.

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