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Business

AirAsia X posts RM529m net losses in FY14

KUALA LUMPUR: AirAsia X fell deeper into the red for the financial year ended Dec 31, 2104 with net losses ballooning to RM519.34mil compared with RM88.26mil in FY13 due to soaring operating expenses.

Business

AirAsia pre-tax profit slightly higher at RM26.46m (Update)

KUALA LUMPUR: Low-cost carrier AirAsia Bhd posted profit before tax of RM26.46mil in the third quarter ended Sept 30, 2014, which was a slight improvement from the RM25.11mil a year ago.

Business

AirAsia seen to benefit from Malaysia Airlines route revamp

PETALING JAYA: With Khazanah Nasional’s recovery plan for Malaysia Airlines (MAS) laid out, analysts believe the AirAsia group is the likely direct beneficiary of the potential industry route restructuring on the medium-haul network, which allows the industry yields to rise in Malaysia.

Business

AirAsia X Q2 loss up three-fold on higher cost

PETALING JAYA: Airasia X Bhd’s second-quarter ended June 30 net loss widened three-fold year-on-year to RM128.79mil from RM32.3mil despite a 36.7% rise in revenue to RM671.6mil in the quarter under review.

Business

Higher operating costs drag AirAsia X into the red in Q2 2014

KUALA LUMPUR: AirAsia X Bhd, the long-haul low-cost airline affiliate of the AirAsia Group, posted net losses of RM128.78mil in the second quarter ended June 30, 2014 as it was impacted by higher operating expenses but it expects to return to profitability.

Corporate News

Taking the knife to MAS

THE long-awaited restructuring of Malaysia Airlines (MAS) has finally taken off.

Business

MAS set for reboot?

AT a recent townhall meeting, the senior management team at Malaysia Airlines (MAS) was told of a plan to reset the airline.

Business

Will AJ’s game plan for MAS work?

IT came as no surprise when Malaysia Airlines (MAS) announced it was pulling out from the Americas, a route it had been plying for 30 years.

Business

MAS denies ordering 100 planes, expects no operating loss in coming quarters

PETALING JAYA: Malaysia Airlines (MAS) group chief operating officer Ahmad Jauhari Yahya, in dismissing reports that the loss-making national carrier is placing orders for 100 new planes, does not expect an operating loss in the coming quarters.

Business

CIMB Research keeps Reduce on Malaysia Airlines

KUALA LUMPUR: CIMB Equities Research is maintaining its Reduce rating on Malaysian Airline System (MAS) with a lower target price of 14 sen from its previous 17 sen as the carrier braces for tougher times ahead in FY14.