AirAsia is seeking to reduce interest payments — some as high as 11% — through a $1 billion refinancing package, but it may be tough for a company that sells cheap flight tickets to make money when oil prices are near $100 a barrel

AirAsia has sold six newly-delivered aircraft since the start of last year, including two in July, in an unusual about-face that points to the financial strain gripping the airline

AirAsia 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

A defiant AirAsia Group co-founder Tony Fernandes said reports Malaysia’s government has asked rivals for help were false, saying the low-cost airline will emerge from its current crisis stronger than before

We entered AIRA₃ with an ensemble of models in the live competition, and also assessed it with several others post-hoc. The 8th ranked gold medal entry ensemble was a combination of GPT 5.5 (w/ OpenCode) + Claude 4.8 (w/ ClaudeCode). Post-hoc we assessed with Muse Spark 1.2 (w/ MuseCode), which also performed at a Gold Medal level, as well as Muse Spark 1.1 (w/ OpenCode) and GLM 5.2 (w/ OpenCode), both of which achieved Silver Medal level performance. The post-hoc submissions were also graded externally on the same private test set as those made during the live competition.

Low-cost carrier AirAsia Group has pushed back against speculation surrounding efforts to raise more than $1 billion in fresh capital, saying the proceeds will primarily be used to refinance high-cost debt rather than cover operational shortfalls