UPDATE 2-Malaysia's AirAsia X defers A330neo deliveries as coronavirus crimps demand [Reuters]
AIRBUS SE UNSP/ADR (EADSY)
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Source: Reuters
Malaysia's AirAsia X defers A330neo deliveries as coronavirus crimps demand KUALA LUMPUR/SYDNEY (Reuters) - Malaysian long-haul budget airline AirAsia X Bhd ( AIRX.KL ) said it will defer delivery of 78 Airbus SE ( AIR.PA ) A330neo planes and consider other changes to reduce its fleet as the coronavirus dents demand. AirAsia X said late on Thursday it might sell two A330s that could fetch up to $100 million and return five others to lessors early, adding it was already in negotiations with lessors about a targeted 30% cut in lease rates. The airline canceled 600 flights in March, according to an investor presentation published after it released financial results showing a widened net loss and flagging lower forward bookings and fares under pressure. Flights to and from mainland China accounted for about 30% of AirAsia X’s capacity before the outbreak of the virus. It has a fleet of 24 A330 planes. AirAsia X shares fell by 5% on Friday to a record low after it posted a net loss of
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