After one of AirAsia Group’s aircraft figured in a fatal crash on Dec. 28, 2014, many believed the budget carrier of Malaysian tycoon Tony Fernandes would nosedive.
Shares in AirAsia fell 7.8 percent a day after the Airbus A320-216 operated by its Indonesian unit crashed into the Java Sea, killing all 162 people on board.
A few days later, AirAsia flights from Surabaya, Indonesia, to Singapore were grounded by authorities after it was found that the ill-fated flight QZ8501 had been flying on an unauthorized schedule.