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AirAsia X chief executive officer, Azran Osman-Rani, said that while there was an overall 'dampening in consumer demand for travel,' the carrier's low fares meant it was unscathed by the downturn.
He said the carrier's operating costs are low compared to other airlines, and that it would not meet the fate of UK-Canadian carrier Zoom and Hong Kong-based Oasis, which have gone under in recent months.
'We are a low-fare carrier. There is a big demand for travel at the prices we offer,' he told AFP in a recent interview.
Aviation experts have expressed cautious optimism over the business model of AirAsia X, which has fares generally half those offered by full-service carriers.
Azran said the arrival of two brand-new, fuel-efficient A330-300 in October and December will further lower its operating costs.
'A lot of carriers used old planes. Some of the planes are 15 to 20 years old

Rocket fuel explosion puts dent in project
HITCHCOCK A retired NASA engineer looking to develop an inexpensive way for people to travel to space might have to go back to the drawing board.
Jim Akkerman was working Saturday on a spacecraft his firm is developing when his rocket fuel exploded. No one was injured, and no property was damaged in the accident in Hitchcock, about 40 miles southeast of Houston.
'It s just an experiment that went bad,' Hitchcock Police Chief Glenn Manis told a Galveston newspaper

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