AirAsia
PETALING JAYA: Shares of AirAsia Bhd and AirAsia X Bhd
(AAX) rose to a eight month high after both the low-cost carriers reported better than expected results and showed clearer signs of a more meaningful turnaround.
While AirAsia returned to the black with a net profit of RM554.2mil in the fourth quarter of financial year 2015, AAX posted a net profit of RM201.58mil in the fourth quarter ended Dec 31, 2015.
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