One AirAsia initiative cuts costs: CEO
Published on: Friday, September 14, 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 (pic) 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.
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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.Stay up-to-date by following Daily Express’s Telegram channel.
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