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View all search resultsThe results exposed a squeeze at the heart of the low-cost model: Fuel makes up a larger share of expenses than at full-service airlines, but price-sensitive passengers leave carriers less scope to lift fares without weakening demand.
Jetstar and Qantas said they had stopped flights to Bali on Wednesday for safety reasons because of volcanic ash, while plane tracking website Flightradar24 showed flights to the island by AirAsia and Virgin were also cancelled.
Fernandes, 59, a pioneer of Southeast Asia's budget carrier sector who is often compared to British tycoon Richard Branson, said in January that he intended to step aside within the next five years after more than two decades at the helm.
"AirAsia Malaysia has made it mandatory for only completely vaccinated adult guests to be allowed to board its flights, effective immediately," it said in a statement, adding that those under 18 who have yet to be fully vaccinated will need to be accompanied by innoculated family.
Shareholders of the long-haul affiliate of AirAsia Group approved all resolutions at an extraordinary general meeting, including a rights issue and a share subscription for new investors to raise 500 million ringgit.
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