AirAsia FY13 earnings fall on forex loss, operating profit flat


KUALA LUMPUR: AirAsia Bhd's earnings fell 53.9% to RM364.07mil in the financial year ended Dec 31, 2013 from RM789.61mil in FY12 as it was impacted by higher finance costs and foreign exchange losses on its borrowings.

The low-cost carrier said on Wednesday its revenue rose 4.9% to RM5.189bil in FY13 from RM4.946bil in FY12. However, its operating profit was flat at RM1.021bil compared with RM1.027bil a year ago.

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