Over the longer-term, Maybank IB emphasised a swing in the group’s net profit to the black in FY23, underpinned by the decelerating rate of Covid-19 cases in the region.
PETALING JAYA: While the Thai operations of AirAsia Group Bhd continue to drag on the earnings of the low-budget airline group, the falling rate of Covid-19 infections in the region offers optimism for a longer-term recovery, says Maybank Investment Bank Research (Maybank IB).
Thai AirAsia (TAA) recently reported wider third-quarter losses of 2.1 billion baht (RM266.96mil) resulting from a suspension of its flight operations to mitigate a third wave of the Covid-19 pandemic in the country.
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