PETALING JAYA: AirAsia Bhd could lose around RM700mil in revenue due to the removal of its fuel surcharge but remains a top pick for analysts who believe that lower jet fuel costs are sufficient enough to cushion the revenue loss.
PublicInvest Research said that the low-cost carrier could lose the amount based on its estimated average fuel surcharge of RM30 per passenger previously, along with the assumption of 24 million passengers carried in its 2015 forecast.
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