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AirAsia to focus on growth, push down cost

Thursday, 2 March 2017

KUALA LUMPUR: AirAsia Bhd will continue focusing on growth, while bringing down cost, Group Chief Executive Officer Tan Sri Tony Fernandes said today.

The low cost carrier would also emphasise higher utilisation of its fleet.

AirAsia Bhd reported a higher pre-tax profit of RM2.16 billion for its financial year ended 31 December 2016 from RM215.15 million in 2015.

Revenue rose to RM6.92 billion from RM6.29 billion.

The airline attributed the better revenue performance to passenger growth, higher ancillary income per passenger year-on-year and an increase in average fares, which rose 6% to RM167.

Meanwhile, the Centre for Aviation (CAPA) quoted AirAsia’s Group Head of Strategy, Subashini Silvadas as saying that Malaysia AirAsia could end up growing fleet more than the 8 A320s currently planned.

“The group now plans to reach 300 A320s by 2021 and 333 aircraft by 2022 compared with 176 at end-2016,” it said, in quoting Subashini from the ongoing CAPA Airline Fleet and Finance Summit 2017 in Singapore.

She had also said that the group had secured 10 A320ceo leases of the now 13 planned for 2017.

She was also quoted as saying that AirAsia Japan would launch services “soon” and end 2017 with 5 A320s.

According to Subashini, AirAsia Japan can’t take the Airbus Neo due to Japanese regulations.

Source by: Internet

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