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KUALA LUMPUR: The country’s air passenger traffic is expected to grow by 5% to 6%t next year, driven by Visit Malaysia 2020 and a 3.2% year-on-year (y-o-y) increase in domestic seat capacity growth, according to the Malaysian Aviation Commission (Mavcom).
KUALA LUMPUR: The Malaysian Aviation Commission (MavCom) forecasts passenger traffic in 2020 to grow between 5% and 6% next year or to between 114.9 million and 116.0 million passengers.
KUALA LUMPUR: AirAsia Group Bhd made a loss in the third quarter ended Sept 30, as higher revenue achieved was offset by hefty accounting charges on its aircrafts and fuel hedge, as well as currency exchange losses.
PETALING JAYA: AirAsia Group Bhd’s net profit for its second quarter ended June 30, dropped to RM17.94mil from RM361.81mil in the previous corresponding period, mainly due to a share of prior years’ losses at AirAsia India previously not recognised amounting to RM147mil
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.
KUALA LUMPUR: AirAsia X Bhd posted a net loss in the October-December period, extending its losing streak for a third straight quarter, on higher fuel cost and increased finance expenses.