AirAsia can withstand rising oil prices, says Fernandes

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AirAsia can withstand rising oil prices, says Fernandes
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MADRID, Spain (Reuters) -Carlos Alcaraz's hopes of becoming the first player to win three-straight Madrid Open titles came undone as the second seed fell to a 4-6 6-3 6-2 loss in front of his home crowd to Russian seventh seed Andrey Rublev in the quarter-finals on Wednesday.

PHNOM PENH: AirAsia believes it is capable of managing rising fuel prices and unfavourable currency movements, which continue to heighten global challenges.

“So, I believe we can handle whatever geopolitical issues except wars, but Asean and Asia are peaceful regions.“Oil and currency are the two variable factors. They are at record highs, I don’t think they are going much higher ,” he noted.“For now, we are seeing the highest kind of costs for us, be they currency or oil prices.

AirAsia Cambodia will commence its operations soon, following the handover of its air operator’s certificate or AOC on Tuesday.

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