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{"id":16635,"date":"2022-01-12T08:32:50","date_gmt":"2022-01-12T03:02:50","guid":{"rendered":"https:\/\/thecorporatemagazine.com\/?p=16635"},"modified":"2022-06-03T12:15:26","modified_gmt":"2022-06-03T06:45:26","slug":"the-airasia-ceo-said-international-travel-would-rebound-despite-omicron","status":"publish","type":"post","link":"https:\/\/thecorporatemagazine.com\/the-airasia-ceo-said-international-travel-would-rebound-despite-omicron\/","title":{"rendered":"The AirAsia CEO said international travel would rebound despite omicron"},"content":{"rendered":"\t\t

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AirAsia CEO said that international travel would bounce back strongly despite omicron's impact<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\t\t\t\t\t $\"AirAsia$ \t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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January 12, 2022: According to AirAsia chief executive Tony Fernandes, international travel is likely to recover soon despite progress being slowed by the omicron variant.<\/p>
\u201cI do believe that we\u2019re at the beginning of the end,\u201d he told CNBC on Monday, which noted that the recovery has already begun in earnest.<\/p>
“The good thing is, this time in this previous year, we had no planes flying. Now, we’ve got a large chunk of our fleet flying domestic Malaysia, Thailand, and Indonesia,” he said, which added that demand has been “very, very robust.”<\/p>
International travel will get back to pre-Covid levels nearly six months after borders started to reopen, he predicted and said he hopes boundaries will start to open again in March.<\/p>
After a flurry of announcements about quarantine-free travel in Asia last year, several countries, which include Thailand and India, reinstated restrictions for arrivals as omicron drove up caseloads.<\/p>
Fernandes acknowledged that China continues to be a “big question” in terms of reopening, given that the country is still pursuing its zero-Covid policy.<\/p>
Separately, Fernandes said its ride-hailing business has done “incredibly well” and “far exceeded” expectations since its launch in August 2021.<\/p>
He said AirAsia’s strategy is “the same” as the one it used when the company entered the low-cost airline market years ago with high efficiency that results in lower prices for consumers.<\/p>
As a late entrant, AirAsia Ride could observe what models were successful and did not have to spend a lot of money on research, development, or tech, he said. It acquired part of Indonesian start-up Gojek\u2019s Thailand operations.<\/p>
“The market is still very under-penetrated,” Fernandes said. “There’s a huge, huge upside.”<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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\n\t\t\t\t Next<\/span>Intel deletes reference to Xinjiang after a backlash in China<\/span><\/span>