MAS, AirAsia lifted by festive period

PETALING JAYA: On the back of year-end school holidays and festive seasons, the last three months of 2010 have proved to be another bumper quarter for the local aviation industry, with national carrier Malaysian Airline System Bhd (MAS) and budget airline AirAsia Bhd both reporting passenger growth that helped boost their financial results.

It seems clear, though, that AirAsia's business model continues to thrive, and gives the company a performance that outshines the national carrier, be it in terms of passenger growth or earnings.