It was Founded on 1993.
Under the new model, it was able to break Malaysia Airlines' previous monopoly on certain routes from Kuala Lumpur with fares as low as 1 Ringgit.
What do you make of AirAsia? Demand for AirAsia is also determined by peak seasons.
AirAsia has an average of 400 flights daily as compared to Malaysia Airlines which has an average of 292 flights daily Malaysia Airlines, 2013.
AirAsia believes the new system could potentially cut the boarding time for each flight from 11—13 minutes down to 9—11 minutes.
Nevertheless, AirAsia is still able manage to these costs well for now which is one of the reason it is not experiencing diseconomies of scale.