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KUALA LUMPUR: Long-haul budget carrier AirAsia X posted an operating profit of RM20.03mil in the second quarter ended June 30, 2016, a stark contrast from the near RM100mil losses a year ago as its load and average base fare increased and it benefited from lower oil prices.
KUALA LUMPUR: AirAsia X posted a weaker set of financial results in the second quarter ended June 30, 2019 as it was impacted by the loss of disposal of three aircraft under the share and lease back during the quarter amounting to RM72.50mil.
GAS MALAYSIA BHD: THE upcoming base tariff hike for natural gas in the second half of this year (2H17) is expected to help Gas Malaysia Bhd to recover the gas costs it incurred in the second quarter of 2017.
So is it time to look at AirAsia X (AAX) again?
PETALING JAYA: AirAsia X Bhd (AAX) has recorded a net loss of RM207.11mil in its second quarter to end-June of financial year 2019 (2Q19)
KUALA LUMPUR: PublicInvest Research has cut its FY18-20F forecasts for AirAsia X Bhd due to adjustments for lower yield and higher fuel price assumptions.
PETALING JAYA: Despite optimism over the financial results of AirAsia Bhd and AirAsia X Bhd (AAX), which will be released next week, the budget carriers saw their share prices fall at the close.
KUALA LUMPUR: Affin Hwang Capital Research has downgraded AirAsia X to Sell with a target price of 27 sen as it lowers its earnings forecast due to higher jet fuel prices, stiffer competition, rising operating expenses and weaker ringgit.
PETALING JAYA: Lower expenses helped lift AirAsia X Bhd’s (AAX) earnings despite lower revenue.
PETALING JAYA: AirAsia X Bhd (AAX) saw its net loss widen to RM168.43mil for the fourth quarter ended Dec 31, 2014, from RM132.60mil in the previous corresponding period on higher operating expenses, foreign exchange losses on borrowings and fair value loss on fuel hedging contracts.