AirAsia Bhd (AIRA), the region's biggest discount carrier, said it may add only one more major hub for expansion as it focuses on boosting profits from Malaysia, Thailand and Indonesia in the next three years.
AirAsia aims to increase annual profit from its three main markets to one billion ringgit ($327 million) each, Group Chief Executive Officer Tony Fernandes said in an interview in Kuala Lumpur today. Taiwan, South Korea, Vietnam and India are among the potential markets for a new base, he said.
"We have three gold mines in Malaysia, Thailand and Indonesia and I really want to capitalize on those three first,” Fernandes said. "I'm beginning to feel that I’d rather focus on these. On top of that I still have energy for another biggie, and maybe a few small ones in Laos, Cambodia and Myanmar."
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