AirAsia's Fernandes supports half-yearly financial reporting

Market sources did not rule out a headline-grabbing finale. AirAsia boss Tony Fernandes has left Farnborough in suspense over whether he would fly in from Malaysia to confirm an order for Airbus A330neo planes or defect to the Boeing 787

PETALING JAYA: AirAsia Group Bhd head honcho Datuk Seri Tony Fernandes says he agrees with US President Donald Trump’s view that half-yearly financial reporting is better than quarterly reporting.

In his latest post on Twitter, the low-cost carrier’s group chief executive officer explained that issuing financial reports four times a year, instead of just two times annually, would result in analysts making short-term decisions.