AirAsia Looking At Possibility Of Fuel Surcharge Cut

October 17, 2008 17:57 PM

KUALA LUMPUR, Oct 17 (Bernama) -- AirAsia may cut its fuel surcharge further if there is some stability in the slide of oil price and the ringgit movement, said its chief executive officer Datuk Seri Tony Fernandes today.

"I think it (surcharge cut) is possible. We are working on it. We will announce within the next few weeks," he told reporters on the sidelines of the Regional Eisenhower Fellowships Conference here today.

As of yesterday, oil price stood at US$73 per barrel.

To date, the low-cost carrier's fuel surcharge was based on the US$80 per tonne crude oil price.

He pointed out that the airline's business model has always been about reducing fares and having the lowest possible fares.

On the issue of the airline to be taken private, Tony declined to comment.

The airline's chief, who was one of the speakers at the conference today, spoke on how entreprenuers, particularly the small and medium entrepreneurs (SMEs) could take advantage of the current financial situation.

"There is always a silver lining in every crisis," he said, adding that bigger companies tend to shun away to protect themselves.

"It is not all gloomy. There's a lot of business out there and a lot of opportunities out there especially in Southeast Asia," he said.

Source: BERNAMA

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