International travel is likely to recover soon despite the progress being slowed by the omicron variant, according to AirAsia chief executive Tony Fernandes.
Fernandes also acknowledged that China continues to be a "big question" in terms of reopening, given that the country isSeparately, Fernandes said the company's ride hailing business has done "incredibly well" and "far exceeded" expectationsHe said AirAsia's strategy is "exactly the same" as the one it used when the company entered the low-cost airline market years ago — high efficiency that results in lower prices for consumers.
As a late entrant, AirAsia Ride could observe what models were successful, and did not have to spend a lot of money on research, development or tech, he said. It also"The market is still very, very under penetrated," Fernandes said. "There's a huge, huge upside."
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