AirAsia may be impacted by Mt Agung eruption, says CIMB Research
KUALA LUMPUR (Sept 27): AirAsia Bhd is expected to face a temporary negative impact from the impending volcanic eruption at Mount Agung in northeastern Bali, said CIMB Research.
However, it is the airspace of Jakarta that may be affected by ash cloud from the imminent eruption, based on wind direction, the research house said in a note on the aviation sector.
It noted that AirAsia has the second largest exposure to Bali and Jakarta flights after Singapore Airlines Ltd in terms of point-to-point flights.
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