AirAsia X FY16 core earnings higher than forecast

AAX chief executive Benyamin Ismail(Inset filepic) said in a statement late yesterday that the company would look to reduce the impact of forex rates by intensifying sales from stronger currency markets such as the Australian dollar to offset US dollar bills.

KUALA LUMPUR: AirAsia X Bhd’s full-year FY16 core net profit of RM176mil was substantially higher than CIMB Equities Research’s previous forecast of RM116mil, due to higher-than-expected charter incomes.

AirAsia X posts record annual profit despite forex hit (from The Star print edition)