PETALING JAYA: Shares of AirAsia Bhd and AirAsia X Bhd (AAX) rose to a eight month high after both the low-cost carriers reported better than expected results and showed clearer signs of a more meaningful turnaround.
While AirAsia returned to the black with a net profit of RM554.2mil in the fourth quarter of financial year 2015, AAX posted a net profit of RM201.58mil in the fourth quarter ended Dec 31, 2015.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
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!