Airasia X Most Active, Share Price Dips On Bearish News

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KUALA LUMPUR, Nov 18 – AirAsia X Bhd was the most active stock this morning, declining three sen to 71.5 sen as at 9.46 am on the back of news that the airline as in greater turbulence due to payment problems. A total of 12.116 million lots changd hands. A news report said problems were related to staff salaries and fixed and variable allowances.

It also said Tan Sri Tony Fernandes, Co-Founder and Group Chief Executive Officer of AirAsia X’s sister company, AirAsia Bhd, would take on a “more prominent role” in the management of AirAsia X to revive the airline. AirAsia X staff were informed that payment of their wages and allowances would be on a staggered basis for the month of October, the report said.

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