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Business

AirAsia Q2 profit soars, benefits from reversal of deferred tax

PETALING JAYA: AirAsia Group Bhd’s net profit for the second quarter ended June 30 soared 147% to RM361.81mil from RM146.52mil in the previous corresponding period due to the reversal of deferred tax on the sale of aircraft.

Business

Malaysia Airlines reports 'stable performance' in Q2

KUALA LUMPUR: Malaysia Airlines Bhd managed to record "steady year-on-year (y-o-y) performance” in the second quarter of 2018, with a marginal yield improvement.

Business

Malaysia Airlines records improved yields in 1Q18

SEPANG: Malaysia Airlines Bhd (MAB), which has been focusing on its yields, has reported a year-on-year yield (YoY) improvement of 6.6% in the first quarter ended March 31 despite the significant competition in both international and domestic sectors.

Business

Mavcom sees passenger growth of up to 7%

PETALING JAYA: The Malaysian Aviation Commission (Mavcom) forecasts year-on-year passenger growth of between 6.5% and 7% this year, which is equivalent to between 105.6 million and 106.1 million passengers for 2018.

Business

Aviation industry to grow 6.5-7% in 2018

KUALA LUMPUR: The Malaysian Aviation Commission (MAVCOM) is optimistic of continued positive industry performance in 2018 and expects a growth of 6.5 to seven per cent, which will see Malaysia surpassing the 100 million passenger mark for the first time.

Business

Malaysia Airlines stays on recovery path

PETALING JAYA: Malaysia Airlines Bhd’s (MAB) revenue in the fourth quarter of financial year 2017 (Q4’17) improved slightly by 2% year-on-year (y-o-y) – the highest for the financial year – as the group continues its five-year recovery plan moving forward.

Business

Malaysia Airlines to focus on yields

KUALA LUMPUR: Malaysia Airlines Group (MAG) saw improved revenue in the three months ended Dec 31, but warned that stiff competition for passengers in the region to remain a challenge for the national carrier.

Business

Malaysia Airlines says posts Q3 revenue rise in tough operating environment

KUALA LUMPUR: Malaysia Airlines said on Friday it posted a 3.5% rise in third-quarter revenue despite facing challenges from overcapacity in key markets that had led competitors to lower fares.

Business

AirAsia X’s Q3 results affected by one-off provision

KUALA LUMPUR: A one-off provision for doubtful debt of RM50.2mil dragged down AirAsia X Bhd’s (AAX) financial performance during the third quarter (Q3) ended Sept 30, 2017, into the red.

Business

Can X mark the spot again?

So is it time to look at AirAsia X (AAX) again?