“We have successfully pivoted from an airline to an all-in-one digital lifestyle company anchored on travel.” This was the key message delivered by AirAsia Group CEO Tony Fernandes as part of the company’s Q2 financial results that showed a 96% drop in quarterly revenue. Airline-related revenue dropped 98% while non-airline revenue, a much smaller portion of the company’s operations, dipped only 55%.
AirAsia
Optimism on the horizon: The Weekly Wrap 15 May 2020
Is it time to start getting excited about a travel rebound? It appears the market finally hit rock bottom so everything that happens is good news, though maybe not too much of it too quickly.
AirAsia’s Tony Fernandes, Din Meranun caught up in Airbus bribery scandal
Last week’s news that Airbus will pay nearly $4 billion in penalties associated with a long-running bribery investigation was huge. This week AirAsia CEO Tony Fernandes and Chairman Din Meranun find themselves caught up in the scandal as well.
Putting AirAsia’s new GX WiFi to the test
Deploy quickly and work out the bugs along the way. That’s not a typical approach to anything in the aviation world, and for good reason. But for AirAsia’s GX Aviation WiFi deployment that’s the plan, even if it means some hiccups along the way, as were experienced during a recent demonstration flight.
AirAsia takes delivery of its first A321neo
AirAsia’s fleet development took a step forward last week as the carrier’s first A321neo was delivered from Airbus. The carrier has 353 A321neo aircraft on order, with the new deliveries slated for network expansion and replacement of older A320 family aircraft over time.
PaxEx Update: FTE Asia edition
AirAsia is (still) making big moves in the ASEAN region and digital bag tags are evolving to a level that might be useful soon. Plus some news on IFE/C going active and getting profitable. The 2019 Future Travel Experience Asia was a great show and these are just a few of the highlights.
AirAsia to begin ticket sales for other airlines
Making good on a promise by CEO Tony Fernandes earlier this year, AirAsia is poised to sell tickets for other airlines on its website. Fernandes confirmed the plans on Monday, with further details to come in a formal announcement next week. The effort is the latest step in the company’s efforts to grow beyond just being an airline into a digital services company that just happens to also operate planes.
Slot jockeying and Wifi Deals: PaxEx Update for 2019-09-20
Jockeying for more access to Heathrow and more fast wifi flying lead this week’s PaxEx news, with a new livery and loyalty program buy-back also making waves.
AirAsia’s WiFi upgrade goes live on Inmarsat’s GX Aviation
AirAsia’s inflight wifi upgrade is finally underway. The first few planes are now flying with the Inmarsat GX Aviation kit on board. Fleet-wide rollout is expected in about a year.
Mirus reaches linefit milestone for Airbus A320 family
Seating manufacturer Mirus hit a major milestone this week, dispatching its first ship set of seats to Hamburg for installation on an aircraft at the Airbus factory. The seats are expected to be installed on the final assembly line at Finkenwerder next week, with first flight and customer (AirAsia) delivery shortly thereafter.