Cheap for the long-haul

03/11/2009 | CNN

Tony Fernandes, CEO of budget airline AirAsia, explains why recession makes this a great time to launch ultra-cheap flights between Europe and Asia. The airline -- actually a subsidiary called AirAsia X -- is selling tickets from London to Kuala Lumpur for about $140, including free use of the on-board toilet. How does he expect to make money at that?

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