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Business

AirAsia flying at 10-month high

PETALING JAYA: Shares of AirAsia Bhd and AirAsia X Bhd (AAX) rose to a 10-month high on the back of strong revenue improvement and passenger growth.

Business

AirAsia beats CIMB estimate

KUALA LUMPUR: CIMB Research says AirAsia Bhd’s financial year ended Dec 31, 2015 (FY15) group core net profit of RM653mil is much better than its estimate for a RM41mil loss, even if it strips out RM450mil in maintenance revenue accrual.

Business

AirAsia FY15 results better than estimates

KUALA LUMPUR: CIMB Research has maintained an “add” call on AirAsia Bhd with target price based on calender year 2017 price-earnings (P/E) ratio of six times as the ingredients are in place for a re-rating of AirAsia.

Business

AirAsia Q4 earnings at RM554m, drives FY15 higher

KUALA LUMPUR: AirAsia Bhd posted net profit of RM554.20mil in the fourth quarter ended Dec 31, 2015 compared with a net loss of RM428.51mil a year ago, boosting the full year FY15 earnings to RM540.96mil.

Business

AirAsia X posts net profit of RM201m in Q4FY15

KUALA LUMPUR: AirAsia X posted net profit of RM201.58mil in the fourth quarter ended Dec 31, 2015 (Q4, FY15) – the first net profit after eight quarters of losses since Q4, 2013 -- boosted by better operating performance, other income, forex gain and deferred taxation.

Business

AirAsia posts Q3 net losses of RM405m, mainly due to Indonesia ops

KUALA LUMPUR: AirAsia Bhd posted net losses of RM405.73mil in the third quarter ended Sept 30, 2015 as its bottomline took a hit from the Indonesia operations despite stronger overall operating profit.

Business

AirAsia posts lower numbers in 2nd quarter

SEPANG: Low-cost carrier AirAsia Bhd recorded a weaker set of numbers for its second quarter ended June 30 due to an unrealised foreign exchange (forex) loss on borrowings and a one-off finance cost related to the termination of borrowings for a sale of leaseback of aircraft.

Business

AirAsia Q2 earnings lower at RM243m due to forex losses on borrowings

KUALA LUMPUR: AirAsia Bhd posted earnings of RM243.03mil in the second quarter ended June 30, 2015, which was 33.8% lower from the RM367.15mil a year ago following the unrealised foreign exchange loss on borrowings of RM43.59mil and one-off costs related to the sale of leaseback of aircraft.

Business

AirAsia X net loss widens on fewer flights

PETALING JAYA: AirAsia X Bhd (AAX) extended its net loss to RM132.94mil during the second quarter ended June 30, from a net loss of RM128.79mil a year earlier.

Business

Forex losses drag down AirAsia in fourth quarter

PETALING JAYA: AirAsia Bhd slipped into the red with a net loss of RM428.51mil for its fourth quarter to Dec 31, 2014, from a net profit of RM168.5mil previously. Revenue increased 15.79% to RM1.48bil.