KUALA LUMPUR, Jan 2 ― AirAsia Group Bhd will focus on its businesses in Indonesia and the Philippines this year to make them very profitable, says group chief executive officer Tan Sri Tony Fernandes.
In his latest post on Twitter, he also confirmed that the group would not be opening any more new airlines in the next three years.
“After Vietnam we will focus on what we have (now).
“We have a great seams franchise ― Indonesia, Malaysia, Thailand, the Philippines and Vietnam (with these countries having) a huge population and growing economies,” he said.
Fernandes also said AirAsia's India and Japan (operations) would provide a great support for the group 'to cover the world', going forward.
He expressed confidence that the airline's operations in India and Japan would be profitable in 2021. ― Bernama
As 2019 approaches I would like to confirm that airasia will not be opening up any more new airlines for the next 3 years. After Vietnam we will focus on what we have. Focus this year is to make Indoensia and Phillipines very profitable.
— Tony Fernandes (@tonyfernandes) January 2, 2019
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companies with limited growth opportunities will limit up for shareholders to sell it off. So expect to make hugh profits if you sell at top of Pump and Dump scheme
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Posted by factorrumour > Jan 2, 2019 09:28 PM | Report Abuse
yalor, no growth and sell planes some more, why airasia still haven't limit down?
doesn't make sense at all
2019-01-02 21:33
No new venture, think that's mean no more new losses and only improving profits going forward for the rest of the maturing routes.
2019-01-04 11:25
paperplane
No new venture, no growth. So why buy airasia
2019-01-02 19:57