PETALING JAYA: AirAsia
Group Bhd posted revenue of RM2.31bil in its first quarter ended March 31,2020, compared with RM2.73bil in the previous corresponding period, amid increasing and unprecedented travel restrictions due to the Covid-19 pandemic.
In a statement, AirAsia chief executive officer Tan Sri Tony Fernandes said the current period is “by far the toughest challenge” the group has ever faced.
“Every crisis is an obstacle to overcome, and we have restructured the group into a leaner and tighter ship. We are positive in the strides we have made in bringing cash expenses down by at least 50% this year and this will make us even stronger as the leading low-cost carrier in the region.”
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