AirAsia X Bhd (AAX) shares advanced in active trading on Tuesday as investors responded to the group’s continued expansion plans and improving operational outlook.
As at 3.13pm, AAX rose three sen or 2.33% to RM1.32, with 22.29 million shares changing hands. The stock traded between RM1.30 and RM1.33 during the session, compared with its previous close of RM1.29.
Despite the day’s gain, AAX remains below its six-month high of RM1.80 recorded in early January, reflecting a decline of about 26.7% from that level.
The share price movement comes as AirAsia Group moves closer to restoring its network to full operating capacity by August 2026. The airline recently announced several new routes, including services to Busan, Bahrain, London and Batam, while also increasing frequencies across its existing network.
Group Chief Executive Officer Bo Lingam recently said the airline remains focused on improving operational performance, increasing efficiency and building a more scalable operating model as travel demand continues to recover across the region.
AirAsia has also launched a low-fare campaign offering discounts of up to 20% across its network, with bookings available until June 28 for travel between August 2026 and March 2027. The promotion covers destinations including Penang, Bali, Shenzhen, Osaka, Sydney and Istanbul.
The airline group has reported an average on-time performance of 85% across its seven airlines since April and continues to modernise its fleet through the deployment of more fuel-efficient aircraft as part of its long-term growth strategy.
