AirAsia can withstand unfavourable currency movements, rising oil prices

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.