No scaling back: AirAsia
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The region’s largest low-cost carrier, AirAisa, said it would not scale back its ambitious growth plans despite rising oil prices.
“We will continue to put on new routes. As long as we can make a profit from our operations, we will not hold back our growth plans,” Chief Executive Officer Tony Fernandes said in an AFP report. “I am taking a contrarian view. There is a limit to how much I can cut costs. If I cut my routes, where is my growth going to come from?
“In our case, we still can make money from our routes.”
Recently it launched new routes to Kuantan, Hong Kong and Haikou. By year-end, it intends to fly to new destinations in India and launch more flights from Singapore.
Fernandes was quoted saying that their new A320 Airbus jets were more efficient, helping to cut fuel usage. He delivery schedule for the A320 aircraft would not be rescheduled, he was quoted saying.
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