Local
Business
Sports
Leisure
BM
Kadazan Dusun
EDUCATION
ECO
Archives
Latest News
 
Nst-studio
PPM minanaan 10 modidikot aiso kasagaan (PATI) |  SK Sualok id Beluran kakal pointutub |  194 monginsada nokotimo sakadai 'Touch Point' kihoogo RM232,000 |  MARA tidak ketinggalan jalankan Tanggungjawab Sosial Korporat |  Henti eksport kayu balak usaha Sabah penuhi permintaan industri perkayuan |  Orang ramai dijemput hadir MRT Tahun Baru Cina 2019 |  Ketua Hakim cadang kerajaan audit undang-undang berkaitan hak pribumi |  Carlsberg brings best shopping experience |  Unity for better business opportunities |  Tournament to raise funds for ex-State player |  Preparations smooth despite limited budget – Peter |  Timber exports stopped to meet needs of local factories |  Missing elderly woman found unharmed |  Rights of Indigenous people ignored – CJ |  Dr Jeffrey questions if State A-G was consulted before water concessions termination | 
 Business

One AirAsia initiative cuts costs, says Tony

140918_tony-col
Tony

14th September, 2018

KUALA LUMPUR: AirAsia Group Bhd’s consolidation initiative, known as One AirAsia, that unifies its various regional affiliates under one holding company, provides the Group cost-efficiency whilst taking out the complexity and duplication in its operations.

In his latest post on Twitter, Group Chief Executive Officer Tan Sri Tony Fernandes said the current oil price that is shrinking and behaving so rationally is paving a smooth journey for the budget airline to fly higher.

“(Oil price) makes it easier (for AirAsia) to change. Great opportunity for us as we build market share,” he said, adding the data and digitalisation are beginning to show momentum in driving revenue and cutting costs.

AirAsia Group, encompassing the Malaysia, Indonesia and Philippines units, posted a higher revenue of RM2.56 billion during the first quarter ended March 31, 2018, up 15 per cent year-on-year from RM2.23 billion in the same quarter in 2017.

Revenue growth was supported by a very strong load factor of 87 per cent and a 16 per cent increase in passengers carried to 10.65 million pax as compared to the same quarter last year.

Net operating profit, excluding the one-off gain, was up by nine per cent to RM309.3 million despite higher overall costs in fuel, aircraft operating lease expenses and overall aircraft maintenance and overhaul expenses. –Bernama

   
Email Print
   
 
 
E-browse