Announcing its preliminary operating statistics yesterday, the long-haul budget carrier said operating performance in the period trended slightly above expectations despite Q2 historically being the leanest quarter.
KUALA LUMPUR: AirAsia X Bhd
’s second quarter (Q2FY18) results came in below its and consensus estimates compared to full-year net profit forecasts, says PublicInvest Research.
The research house has downgraded its call on the counter to “neutral” with a lower target price of 35 sen from 44 sen previously. It said excluding forex gain and tax incentives, Q2FY18 core net loss was RM92mil, resulting in a H1FY18 core net loss of RM19mil.
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