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Higher oil prices to weigh on AirAsia X


KUALA LUMPUR: CIMB Equities Research expects significantly weaker performance for the rest of the year for long-haul low-cost carrier AirAsia X due to higher oil prices, with FY18F estimated to be loss-making.

The research house said on Wednesday that based on prior-year quarterly trends, AAX’s 1Q18 core net profit (CNP) of RM91mil was 30% more than its previous full-year forecast.

Analyst Reports , Corporate News , Airlines

   

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