Friday 29 Mar 2024
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This article first appeared in The Edge Financial Daily on September 14, 2018

KUALA LUMPUR: AirAsia Group Bhd group chief executive officer Tan Sri Tony Fernandes (pic) said yesterday the budget airline’s planned consolidation will tackle complexity, duplicity and hidden cost within the group, as it builds market share.

Fernandes said via Twitter that current oil prices offer a great opportunity for AirAsia as it builds market share.

“Our one AirAsia consolidation is going to take a lot of complexity, duplicity and hidden costs. Oil price makes it easier for me to drive change. Data and digitalisation [are] really beginning to take off.

“These are very exciting times for AirAsia. With high oil [prices], the market is shrinking and behaving so rationally. Great opportunity for us, as we build market share.”

Brent futures hit US$80 (RM332) per barrel on Wednesday.

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