PETALING JAYA: Low-cost carrier AirAsia Bhd will only start equity accounting its share of profits from Thai AirAsia (TAA) and Indonesia AirAsia (IAA) when the amount of unrecognised losses from these associates have been reversed, the airline told StarBiz. Some analysts say that can take place as soon as the year after next.
“It really depends on the level of profitability by the associates but a more comfortable projection would be for financial year 2013. If they make big profits next year and are able to reverse AirAsia's negative equity on both associates, then it could be sooner,” said a foreign research aviation analyst.