KUALA LUMPUR (March 27): Low-cost carrier AirAsia Group Bhd group executive chief officer Tan Sri Tony Fernandes said its logistics arm RedCargo was a huge asset that was underutilised.

In a series of tweets this morning from his handle @tonyfernandes, he said consolidation of all its belly space and simple reorganisation have multiplied revenue and the team was confident the group will double the revenue.

Fernandes said AirAsia will also help the rise of small/medium entrepreneurs in Asean especially in social e-commerce which struggle with logistics.

"RedCargo will help the people grow their biz with last mile delivery. Huge upside here that will change ancillary dramatically," he said.

Fernandes said AirAsia has built a system and invested in technology that will reduce complexity for consumers.

"Customers can come directly to us. Goal is to achieve fulfilment in 12 hours instead of 138 hours, leveraging on our powerful network. Already have big brands on board," he tweeted.

At 10.07am, AirAsia dipped 0.73% or 2 sen to RM2.72 with 202,200 shares traded.