April 29 (Reuters) - Airasia Group Bhd AIRA.KL :
* RESUMED SCHEDULED DOMESTIC FLIGHTS IN MALAYSIA, TO BE
FOLLOWED
BY THAILAND ON 1 MAY. PHILIPPINES 16 MAY, & INDONESIA 7 MAY, ON
APPROVAL
* DO NOT INTEND TO TAKE ANY NEW AIRCRAFT DELIVERIES THIS
YEAR WITH
TARGET TO END 2020 WITH 242 AIRCRAFT, NET REDUCTION OF 1
AIRCRAFT FROM 2019
* RELOOKING CO'S ORDERBOOK WITH AIRBUS
* RESTRUCTURED MAJOR PORTION OF THE FUEL HEDGES AND STILL IN
PROCESS OF RESTRUCTURING REMAINING EXPOSURE
* MEASURES TO MANAGE COST; MANAGEMENT, SENIOR STAFF TO MAKE
SALARY
SACRIFICE, RE-NEGOTIATE CONTRACTS AND DEFER ALL NON-ESSENTIAL
SPENDING
* EXPECT ALL COST MANAGEMENT INITIATIVES TO RESULT IN AT
LEAST A
30% COST REDUCTION YOY IN 2020
* HOPE TO CONTINUE TO SUSTAIN 1.3 MILLION JOBS & COUNTING IN
SECTOR IN REGION, DIRECTLY & INDIRECTLY
Source text: [https:// company coverage: AIRA.KL