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is air asia going bust?

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  1. #11

    Join Date
    Apr 2008
    Posts
    11

    I don't think AirAsia's in financial trouble. They run free seat promotions every now and then. What people often overlook is that the airline earns a significant portion of its revenue through fees, buy-on-board, and other ancillary businesses. The weight restriction is relatively low, as is the case with other low-cost carriers, and as a result, if you're not careful packing, you can end up paying such a hefty surcharge that you offset whatever money you might have saved. Tony Fernandes, the CEO, is a shrewd businessman, and I've read interviews in which he has said that AirAsia's actually doing well in this economic climate.


  2. #12

    Join Date
    Jan 2018
    Posts
    831

    Still going bust...

    https://www.ft.com/content/9e29da20-2930-4dcf-94a8-717ab6b560aa


    Mr Fernandes, an English-educated Malaysian of Indian descent, bought AirAsia from the Malaysian government in 2001 for less than a dollar and built it into one of south-east Asia’s biggest carriers. But even before the coronavirus outbreak the airline’s India and Indonesia units were struggling financially, Mr Yong noted.

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