PETALING JAYA: After two years of working closely with Google and other data companies, AirAsia Group Bhd expects cost savings and revenue enhancement beginning next year. With hundreds and hundreds of other fuel initiatives including spare parts, he is looking at 10% to 15% cost savings by the end of 2020. “We also now have the ability to dynamically adjust fares on the spot and all this will help us maximise revenue and save costs,’’ he added. An analyst said in a report the AirAsia 3.0 plan would solidify the airline’s business via predictive maintenance, which would result in cost savings by FY20. It has flown more than 500 million people and has 260 planes on leaseback arrangements to save cost.

Source: The Star May 17, 2019 00:45 UTC