Analysts upbeat on AirAsia


Robust: AirAsia's income is expected to increase in the second half following the launch of several new products. - EPA

PETALING JAYA: Analysts are mostly positive on the prospects of AirAsia Bhd following the low-cost airline’s second-quarter results that saw it post a spectacular overall profit but a core net loss stemming from its overseas associates.

On Wednesday, AirAsia reported a net profit of RM367.16mil for its second quarter ended June 30, which was more than a five-fold rise from RM58.35mil it achieved in the previous corresponding quarter.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , airasia , mas , analysts

   

Next In Business News

Industrial projects look increasingly attractive
Dutch Lady’s balancing act amid escalating costs
Demand for co-working space remains resilient
Fed dampens hopes for rate cut
F&N to use cost management measures
Changing office space requirements
Naza makes entry into green economy
CapBay aims to provide financing to more SMEs
New initiative for infrastructure needs in Perak
Ocean Fresh seeks ACE Market listing

Others Also Read