Malaysia-based budget carrier AirAsia said today it expected to post good fourth quarter earnings, with its business largely unaffected by the floods in Thailand and the global economic slowdown.
“We’re going to have a great fourth quarter,” AirAsia chief executive Tan Sri Tony Fernandes told reporters.
“The floods in Thailand have had minimal impact. We are lucky in Southeast Asia because if we were in Europe or the US
with mature markets, there’s not much growth.
In Southeast Asia, there are so many people who have yet to fly. AirAsia is due to report its earnings this month.
Fernandes declined to comment on a local media report that he would set up a new premium regional airline that would compete head-on with Qantas’ upcoming RedQ full-service carrier. - Reuters
“We’re going to have a great fourth quarter,” AirAsia chief executive Tan Sri Tony Fernandes told reporters.
“The floods in Thailand have had minimal impact. We are lucky in Southeast Asia because if we were in Europe or the US
with mature markets, there’s not much growth.
In Southeast Asia, there are so many people who have yet to fly. AirAsia is due to report its earnings this month.
Fernandes declined to comment on a local media report that he would set up a new premium regional airline that would compete head-on with Qantas’ upcoming RedQ full-service carrier. - Reuters
