AirAsia founder and CEO Tony Fernandes hit back at suggestions that his airline is exposed to surging oil prices, with analysts souring on the company's stock as it hit its lowest level--MYR1.02 ($0.32)--since it listed in November 2004. Speaking yesterday to ATWOnline, Fernandes argued, "There are opportunities, in a slower economy, whereby travelers who might have flown on a legacy airline will now choose a lower-cost, better-value option. People still need to travel." He was responding to ...

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