According to a media report, the Malaysian government has reached out to other local airlines to take over the domestic market share of this low-cost airline. As soon as the news came out, AirAsia Group's stock price plummeted, with the biggest drop of 21%, the biggest one-day decline since March 9. The media quoted two people familiar with the matter as saying that the Malaysian authorities are monitoring AirAsia's financial situation, and the relevant negotiations with Malaysia Airlines and Baltic Airlines are part of the scenario plan work. The stock fell to its lowest level since 2022. The biggest drop in the stock price of its parent company, Capital A Ltd., reached a record low of more than a year.

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