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Business

MAS improves operation in the latest quarter

KUALA LUMPUR: Malaysia Airlines has recorded a 10% improvement in revenue per available seat kilometre for the quarter ended Feb 29, 2016.

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.

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.

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 X’s Q3 results affected by one-off provision

KUALA LUMPUR: A one-off provision for doubtful debt of RM50.2mil dragged down AirAsia X Bhd’s (AAX) financial performance during the third quarter (Q3) ended Sept 30, 2017, into the red.

Business

AirAsia X posts Q2 FY16 operating profit of RM20m

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.

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

Average airfares to continue dropping

KUALA LUMPUR: Average airfares will continue to drop amid competitive pressure despite higher passenger traffic volumes and increasing capacities and destinations. Revenue growth, however, is expected to remain flat this year.