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AirAsia optimistic on next year’s growth

Fernandes looks forward to a stellar 2020.

Syndicated News
Written by Syndicated News

SEPANG — Nov. 22, 2019: The AirAsia Group is optimistic of its growth in 2020 amid sustained travel demand coupled with economic headwinds and the ongoing protests in Hong Kong. 

According to group CEO Tan Sri Tony Fernandes, the company will continue to offer affordable pricing after having grown in more than 20 years since its founding. 

“Travel has become a necessity. People will have holidays, people would want to migrate for work. My outlook would remain really positive. We see more growth, that is why we bought 300 aircraft. 

“We are very optimistic,” he said after welcoming AirAsia’s first Airbus A321neo from Hamburg today. Present was Minister of Tourism, Arts and Culture Datuk Mohamaddin Ketapi. 

Earlier this year AirAsia converted 253 orders for the A320neo to the larger A321neo, with a total of 353 aircraft on order, making AirAsia one of the world’s largest customers for the A321neo. The aircraft is set to become the first to operate in Malaysia.

The A321neo is a member of the best-selling Airbus A320 family incorporating the very latest technologies, such as new generation engines and Sharklets which together aim to deliver over 10 per cent in fuel savings. 

Fernandes said the new aircraft will allow AirAsia to burn less fuel and be more sustainable. 

“Profit will increase. We are looking for a strong year in 2020,” he added. 

Mohamaddin said increasing connectivity from other destinations to Malaysia was one of the initiatives to boost arrivals and meet the Visit Malaysia 2020 campaign targets. 

AirAsia will eventually replace the existing fleet of A320 and A320neo throughout the network covering Malaysia, Thailand, Indonesia, the Philippines, India and Japan.

With 236 seats – a 27 per cent increase in capacity compared to the A320 (180 seats) and A320neo (186 seats), the A321neo will be able to meet strong ongoing demand across the network, with significant operational efficiencies and open up opportunities to explore new destinations, with more than 10 per cent fuel savings.

AirAsia Group currently operates a wholly Airbus family fleet of aircraft, flying out of its hubs in Malaysia, Thailand, Indonesia, the Philippines, India and Japan. — Bernama

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News sourced from Bernama, Reuters, AFP and other accredited news agencies, including credible blogsites and news portals.