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Mixed reaction to AirAsia X's Q3 results

PETALING JAYA: AirAsia X Bhd’s recently announced third-quarter ended Sept 30 financial results drew mixed reactions from analysts, with several saying that the airline’s performance came in largely below expectations, leading to a revision in earnings forecasts, while others said the results were within expectations.


AirAsia X Q3 profit falls

PETALING JAYA: AirAsia X Bhd’s net profit for the third quarter ended Sept 30 fell 45.9% to RM26.4mil from RM48.9mil in the corresponding period a year earlier due to higher expenses and foreign exchange losses on borrowings.


AirAsia Q2 net profit down 62%

PETALING JAYA: AirAsia Bhd’s net profit in the second quarter ended June 30 fell 61.9% to RM58.35mil compared with RM153.13mil a year earlier, but sales grew 5.48% during the period to RM1.25bil from RM1.18mil.


AirAsia buys 100 planes for US$9.4bil, pushes ahead with expansion plans(update)

BROUGHTON, England: AirAsia Group is buying another 100 Airbus planes as it steps up its expansion in the core markets of Malaysia, Thailand and Indonesia and pushes ahead into the new markets of Japan and the Philippines.


MAS registers RM171mil loss for 1Q, 29% lower than last year

SUBANG: The MAS Group registered a loss after tax of RM171mil for the first quarter ended 31 March, a significant 29% reduction from the RM242mil loss for the same period last year.


MAS Q1 losses shrink to RM171m from RM242m year ago

Malaysian Airline System Bhd's (MAS) net losses in the first quarter ended March 31, 2012 were lower at RM171mil compared with the RM242mil a year ago.


AirAsia’s Q1 net profit down 23% to RM172mil

PETALING JAYA: AirAsia Bhd's net profit declined 23% to RM171.93mil for the first quarter ended March 31 from RM224.11mil posted in the same quarter last year, mainly due to lower unrealised foreign exchange gains.


Higher oil prices to cut into airline profits

PETALING JAYA: Local airlines, along with other carriers worldwide, will see higher fuel costs eat into their first-quarter profits, as political unrest in Libya continues to push oil prices to new highs not seen in over two years.


Hedging of jet fuel

PETALING JAYA: To hedge or not to hedge? The medium-term volatility of oil prices is giving the aviation sector a headache.


MAS seems adamant about sticking to its fuel-requirement policy

SO, reporting a net loss is always awful. After all, which shareholder would want to make a shortfall in his investments? But so often, the accounting loss - and for that matter, profit - does not always give an accurate picture of things.