How Does AirAsia Survive From the COVID-19 Pandemic?
Abstract
This paper aims to discover the financial issues the company faced and their implications for its marketing and operation management. The researchers use a qualitative method to conduct the study. The researchers also conducted an in-depth SWOT analysis to identify the opportunities the company could seize. This paper has a detailed discussion of the strategies and decisions the company implemented, such as Teleport, e-hailing service, and food delivery. From the analysis, the researchers find that the company could seize the opportunities via marketing and operation strategies based on its own strengths and weaknesses. AirAsia makes an alternative such as e-commerce, logistics, and food delivery which has catered to overwhelming customer demand and supports the critical need to transport medical aid and necessity goods in response to the global pandemic. As well as control costs during the COVID-19 pandemic is an important factor to keep AirAsia surviving.
Â
Keywords: AirAsia, Business Solutions, COVID-19, Management Issue, Marketing Problems, Operation Problems, Recommendations.
Â
Full Text:
PDFReferences
AirAsia. (2021a). Teleport announces Freightchain, a digital network to instantly bid and book air cargo. Retrieved from https://newsroom.airasia.com/news/2020/4/16/teleport-announces-freightchain-a-digital-network-to-instantly-bid-and-book-air-cargo
AirAsia. (2021b). AirAsia announces key innitiatives to support Langkawi travel bubble. Retrieved from https://newsroom.airasia.com/news/2021/9/14/airasia-announces-key-initiatives-to-support-langkawi-travel-bubble
AirAsia Group Berhad. (2019). AirAsia annual report 2019. Retrieved from https://ir.airasia.com/misc/FlippingBook/ar2019/2/
AirAsia Group Berhad. (2021a). AirAsia Group Berhad First Quarter 2021 Financial Results. https://ir.airasia.com/misc/press-release-1Q21.pdf
AirAsia Group Berhad. (2021b). AirAsia Group Berhad Fourth Quarter and Full Year 2020 Financial Results. Retrieved from https://newsroom.airasia.com/news/airasia-group-berhad-4q2020-full-year-financial-results
AirAsia Group Berhad. (2021c). Analyst Briefing for the 1Q2021 Financial Results. https://ir.airasia.com/misc/1Q21-presentation-airasia.pdf
AirAsia Group Berhad. (2021d). AirAsia Group Berhad 3Q2021 Financial Results. Retrieved from https://ir.airasia.com/misc/3Q21_presentation_airasia.pdf
AirAsia Group Bhd. (2021). Annual Report 2020. Retrieved from https://ir.airasia.com/misc/FlippingBook/ar2020/
Bigelow, S. J. (2021). Ultimate IoT implementation guide for businesses. IoT Agenda. Retrieved from https://internetofthingsagenda.techtarget.com/Ultimate-IoT-implementation-guide-for-businesses
Bouwer, J., Krishnan, V., & Saxon, S. (2020). Will airline hubs recover from COVID-19? McKinsey & Company. Retrieved from https://www.mckinsey.com/industries/travel-logistics-and-infrastructure/our-insights/will-airline-hubs-recover-from-covid-19
CAPA. (2020). Coronavirus: China offers to pay airlines to return to the air. Retrieved from https://centreforaviation.com/analysis/reports/coronavirus-china-offers-to-pay-airlines-to-return-to-the-air-update-516282
CAPA. (2021). CAPA Live: China's domestic aviation recovers; but not international. Retrieved from https://centreforaviation.com/analysis/reports/capa-live-chinas-domestic-aviation-recovers-but-not-international-557636
Carvalho, B. M. (2020). AirAsia’s Teleport partners Alibaba. The Star. Retrieved from https://www.thestar.com.my/business/business-news/2020/11/13/airasias-teleport-partners-alibaba
Dzafri, D. (2020). Tony Fernandes: AirAsia food to democratize food delivery business. Retrieved from https://soyacincau.com/2020/12/29/tony-fernandes-airasia-food-to-democratise-food-delivery-business/
Elvxing. (2021). 亚航航空-世界最佳廉价航空. Retrieved from http://www.elvxing.net/airasiapro/.
Horton, W. (2020). Airlines will be punished if passengers have covid-19 under China’s new system for flight and travel restrictions. Retrieved from https://www.forbes.com/sites/willhorton1/2020/06/04/airlines-will-be-punished-if-passengers-have-covid-19-under-chinas-new-system-for-flight-and-travel-restrictions/?sh=190416ec5e20
Idris, A. N. (2021). AirAsia launches AirAsia Ride e-hailing service under its super app. Retrieved from https://www.theedgemarkets.com/article/airasia-launches-airasia-ride-ehailing-service-under-its-super-app
Kahraman, C., & Aydin, S. (2021). Intelligent and Fuzzy Techniques in Aviation 4. 0: Theory and Applications (Vol. 372). Retrieved from https://books.google.com.my/books?id=NKM_EAAAQBAJ&pg=PA153&dq=teleport+airasia&hl=en&sa=X&ved=2ahUKEwi_2eKpiLj0AhWuS2wGHbOZCYwQ6AF6BAgEEAI#v=onepage&q=teleport%20airasia&f=false
Kan, Y. J. (2021). AirAsia super app wheels into e-hailing with airasia ride launch. Retrieved from https://newsroom.airasia.com/news/2021/8/23/airasia-super-app-wheels-into-e-hailing-with-airasia-ride-launch-swwpz
Kee, D. M. H., Kumar, Y. R., Chadaran, V., Karunakaran, S., Sugumaran, S., & Talha, T. B. (2021). The struggles and the survival of Airasia during the Covid-19 pandemic. Advances in Global Economics and Business Journal, 2(1), 1-12.
Lam, J. W. (2020). AirAsia’s Teleport partners Alibaba’s Cainiao for cross-border deliveries from Tmall Taobao for 11.11 sales. Retrieved from https://www.theedgemarkets.com/article/airasias-teleport-partners-alibabas-cainiao-crossborder-deliveries-tmall-taobao-1111-sales
Li, D. (2021). 春秋航空深度报告:盈利能力领先åŒè¡Œï¼Œç–«æƒ…凸显ç»è¥ç®¡ç†æ°´å¹³. Retrieved from https://data.eastmoney.com/report/zw_stock.jshtml?encodeUrl=sgDskQcn8wt3/ZhqB2yXelZDVgJBKQr0lFRmuBxf1AU=
Ling, H. G. X. (2020). COVID-19: Flying safe with AirAsia - AirAsia’s safety measures on the ground and in-flight. Retrieved from https://newsroom.airasia.com/news/2020/4/27/covid-19-flying-safe-with-airasia-safety-measures-airasia-implements-on-ground-and-in-flight
Müller, J. (2021). AirAsia: Revenue FY 2014–2020. Retrieved from https://www.statista.com/statistics/1030523/airasia-revenue/
Nair, R. K., Ganatra, V., Kaur, K., Kee, D. M. H., Khoo, W. T., Khor, S. Y., Rao, K., & Mahajan, J. (2021). Analysis of strategies implemented by AirAsia to cater to the Covid-19 effects. Journal of The Community Development in Asia, 4(3), 49–67. doi: 10.32535/jcda.v4i3.1181
Reddy, L. S., P V, R., Lim, Y. C., Kee, D. M. H., Loo, W. T., Cheah, K. T., & Mak, S. Y. (2021). The survival of AirAsia during the Covid-19 pandemic. International Journal of Tourism and Hospitality in Asia Pasific, 4(2), 42–56. doi: 10.32535/ijthap.v4i2.1058
Shanghai Municipal People's Government. (2020). Spring Airlines a top global performer. Retrieved from https://www.shanghai.gov.cn/nw48081/20201015/376682073af04c0b8b8b883873a78b3c.html
Vaswani, K. (2021). Covid-19: China's economy picks up, bucking global trend. BBC. Retrieved from https://www.bbc.com/news/business-55699971
Wang, X. B. (2021). 春秋航空:2021å¹´åŠå¹´åº¦å‡€åˆ©æ¶¦çº¦1041万元. æ¯æ—¥ç»æµŽæ–°é—». Retrieved from https://baijiahao.baidu.com/s?id=1709536326493011905&wfr=spider&for=pc
Widyatama, G. W., Chelliah, S., Kai, Y., Yingxing, Y., Tien, Y. C., Mey, W. C., & Sin, L. G. (2020). Grab marketing strategy, Research & Development. International Journal of Tourism and Hospitality in Asia Pasific, 3(2), 97–104. doi: 10.32535/ijthap.v3i2.827
WSJ Markets. (2021). Spring Airlines Co. Ltd. Retrieved from https://www.wsj.com/market-data/quotes/CN/601021/financials/annual/income-statement
DOI: https://doi.org/10.32535/ijthap.v5i2.1587
Refbacks
- There are currently no refbacks.
Copyright (c) 2022 Thiam Yong Kuek, Majdi Anwar Quttainah, Yung Ting Wong, Kim Fong Wong, Kejian Wu, Minli Wu

This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
International Journal of Tourism and Hospitality in Asia Pacific (IJTHAP)
ISSN 2685-8800 (Print) | ISSN 2654-7945 (Online)
DOI Prefix: 10.32535 by CrossRef
Published by AIBPM Publisher
JL. Kahuripan No. 9, Hotel Sahid Montana, Malang, Indonesia
Email: journal.ijthap@gmail.com
Phone: +62 341 366222
Website: https://ejournal.aibpmjournals.com/index.php/IJTHAP
Governed by
Association of International Business and Professional Management
Email: admin@aibpm.org
Website: https://www.aibpm.org/
Licensing Information
International Journal of Tourism and Hospitality in Asia Pacific (IJTHAP) is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License .