AirAsia X shares jump on higher net profit


KUALA LUMPUR: Shares of AirAsia X Bhd (AAX) rose as much as 7% in early trade Thursday on  more than doubles net profit in the fourth quarter ended Dec 31, 2017.


The long-haul budget carrier gained three sen, or 7.41% to 43.5 sen. It is the most heavily traded counter with over 40 million shares traded.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Anwar: Microsoft's new US$2.2bil investment is its largest single investment in Malaysia
Shell beats expectations with $7.7 bln first-quarter profit
Asia stocks rise as Fed tamps down hike fears; yen leaps
Standard Chartered Q1 profit rises 5.5%, beats estimates
Oil prices rebound on prospect of US replenishing strategic reserve
Hong Kong central bank keeps key rate unchanged, tracks Fed move
Westports' 1Q net profit rises to RM204.51mil
FBM KLCI nearly flat at lunch break
MAB Engineering secures country's first aircraft maintenance digital certification
Microsoft to invest US$2.2bil in cloud and AI services in Malaysia

Others Also Read