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May 24, 2017

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Malaysia budget carrier AirAsia X to halt Iran service over volatility

KUALA LUMPUR -- The long-haul arm of budget carrier AirAsia said Monday it would suspend operations to Iran, citing currency "volatility" as the carrier mounts new profitable destinations across the Asia-Pacific.

Malaysia-based AirAsia X said the current four times weekly flights between Kuala Lumpur and Tehran will be suspended with the last flight on Oct. 14.

AirAsia X said "the suspension of its services to Tehran Imam Khomeini Airport" was due to challenging economic and business conditions including the "volatility of the Iranian currency."

The statement did not say when services would be resumed.

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