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AirAsia Group CEO has positive outlook for remainder of 2012

24-May-2012 1:55 PM

AirAsia Group CEO Tony Fernandes announced (23-May-2012) the Group has a positive outlook for the remainder of 2012 and plans to "continue our strategy to maintain high load factors with improving yields". Mr Fernandes stated the Group is closely monitoring fuel prices and "will not hesitate to add to our hedges based on out forward bookings" if it sees an opportunity. Mr Fernandes stated the Group is excited about the prospects of Indonesia AirAsia and Thai AirAsia, which will soon joined by AirAsia Japan and commence operations in 2H2012. The Group plans to take delivery of 17 A320s in 2012. According to CAPA, AirAsia currently operates 62 A320s; Thai AirAsia operates 25 A320s and Indonesia AirAsia operates 18 A320s. [more - original PR]