Airlines Operator’s Risk Management Measures And Governance: Experience From Pandemic

The presence in an industry of a low-cost carrier with a low-profit margin, Capital A as one of the main players in Asian region for airlines operators have puts extra effort into risk identification and management in safeguarding it business sustainability. A Risk Management Committee is an integral part of the Group's corporate governance structure, helping it to achieve its primary goals of protecting stakeholders' interests and realizing long-term shareholder value. The CEO, the President of Airlines, and other Board members have assured the Board that the risk management and internal control systems are functioning suitably and successfully in all relevant aspects. Action plans are being created for areas that need improvement, and the corresponding heads of department are keeping an eye on the dates of execution. Through its Board Committees, the Board also gets quarterly reports on important issues related to internal control and risk management. The Board believes that the Group risk management and internal control systems were functioning suitably and successfully, based on assurances from management and reports from the Board Committees. This document describes the steps that Capital A took in terms of risk management viewpoints both before and after the COVID-19 epidemic.