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PublicInvest maintains Neutral on AirAsia


PublicInvest Research maintains its forecast and Neutral call on AirAsia , with target price of RM3.19 pegged on 8x FY18F EPS, pending more details on yield data and results for 1QFY17.  

This follows yesterday's announcement of the airline's  2QFY17 preliminary operating statistics, with the group reporting an increase in traffic volume by 4% q-o-q to 18.9 billion revenue passenger-kilometres (RPKs), while load factor declined 1.2 points q-o-q to 87.7% (+2.3 points y-o-y). 

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