LOS ANGELES, April 16 (Reuters) - Netflix Chairman Reed Hastings is leaving the streaming service he co-founded 29 years ago as the company regains its footing after it lost its $72 billion deal for Warner Bros Discovery.
The Capital A chief executive officer said that while the surge in petroleum prices cannot be controlled, it can be worked with. “There are only two options. Either raise fares—which isn’t ideal—or cut costs,” he said during the “Faculty CEO Series” live podcast session at UCSI University on Friday .
He was responding to a student’s question on how low-cost airlines can maintain affordable ticket prices amid rising fuel costs driven by ongoing Middle East conflicts. He added that ancillary services, such as hotel offerings, also help support the airline’s revenue streams. Fernandes also explained that AirAsia is leveraging artificial intelligence to improve operational efficiency and reduce fuel consumption. “I'm using Al to make our network more efficient, which will cut a lot of fuel,” he said, noting that the airline has already reduced fuel usage by about 3%. While fares may inevitably rise, Fernandes said AirAsia will remain more affordable than full-service carriers. “The gap will still remain, but we will lose some demand, for sure, because even though we are low-cost, our tickets may become too expensive for some,” he said.“There is always a solution. During Covid-19, we went and built five new businesses,” he said.Ex-bus driver, girlfriend in viral ‘lap stunt’ claim trial to dangerous drivingWelfare dept seeks mother of toddler believed neglected in Kepala BatasSabah consumer group calls for transparency in RM4bil rural water supply allocation
Tony Fernandes Cost-Cutting Capital A Chief Executive Officer Flight Tickets Airfare Middle East Conflict Faculty CEO Series Live Podcast Session UCSI Universityairasia
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