PHNOM PENH: AirAsia believes it is capable of confronting rising fuel prices and the continued unfavourable currency movements, which continue to heighten global challenges.
Capital A Bhd chief executive officer (CEO) Tan Sri Tony Fernandes said his confidence is based on the returned elasticity of the aviation industry post-Covid-19 despite fares rising as much as 25 per cent based on US$110 per barrel jet fuel.
“As far as I am concerned, the only worry I have is a pandemic. Oil prices and currencies, they are all things we can handle.
“What has Covid-19 proven, the most important fact is people like to travel,” he told reporters at AirAsia Cambodia’s inaugural ceremony here.
He said American Express and Visa studies showed that travel is the number one spend.
“Cost and fares go up, (but) demand is still strong. So, I believe we can handle whatever geopolitical throws at us except wars but…
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