AirAsia falls to first quarterly loss since 2015 as fuel costs rise

27 Feb 2019 - The Star Online
KUALA LUMPUR: AirAsia Group Bhd flipped to a net loss in the fourth quarter, its first quarterly loss in more than three years as higher fuel prices and operating lease costs dented income. Asia's largest budget carrier posted a bigger than expected loss of 395 million ringgit ($97 million) for the period, ...
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AirAsia X aims to improve on cost efficiencies

22 Feb 2019 - The Star Online
KUALA LUMPUR: AirAsia X Bhd expects operational cost per available seat-kilometre (CASK) excluding fuel to be lower in the coming quarters due to cost-saving initiatives. In a note on Friday, PublicInvest research said the airline will look towards cutting costs via lower aircraft lease rates and ground-handling ...
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AirAsia Group meets EPF, open to talks with MAHB

19 Feb 2019 - The Star Online
KUALA LUMPUR: AirAsia Group Bhd (AAGB) held a meeting with the Employees Provident Fund (EPF) on Tuesday over its ongoing spat with Malaysia Airports Holdings Bhd (MAHB). Group chief executive officer Tan Sri Tony Fernandes said the group had explained that it was very happy to meet MAHB at any point ...
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EPF to meet AirAsia over dispute with MAHB

18 Feb 2019 - The Star Online
KUALA LUMPUR: The Employees Provident Fund (EPF) has confirmed that it has written to AirAsia Group Bhd and Malaysia Airports Holdings Bhd over their feud. The public spat between both companies got the EPF concerned, as it is a major shareholder in both AirAsia and MAHB. EPF CEO Tunku Alizakri Alias ...
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CIMB Research lowers AirAsia TP to RM1.82 on higher oil price, airport charges

14 Feb 2019 - The Star Online
KUALA LUMPUR: CIMB Equities Research has lowered its target price for AirAsia Group Bhd to RM1.82 from RM2.12 as it expects crude oil prices to climb while higher airport charges may hurt demand. The low-cost carrier’s last traded price was RM3.12.
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AirAsia upgrades reservation system

12 Feb 2019 - The Star Online
KUALA LUMPUR: AirAsia will be upgrading its Navitaire New Skies reservation system this weekend as part of its continuous effort to provide guests an enhanced online experience. “Flight booking will be unavailable during this period from 2pm on Feb 16, 2019 to 3am on Feb 17, on airasia.com, AirAsia mobile ...
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Stop making false statements, Malaysia Airports tells AirAsia

11 Feb 2019 - The Star Online
KUALA LUMPUR: Malaysia Airports Holdings Bhd and Malaysia Airports (Sepang) Sdn Bhd (collectively referred to as Malaysia Airports) have jointly issued and served a Letter of Demand to AirAsia Bhd , AirAsia X Bhd and their respective chief executive officers Riad Asmat and Benyamin Ismail, in respect ...
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AirAsia upgrades reservation systems

11 Feb 2019 - The Star Online
KUALA LUMPUR: AirAsia 's online reservation services will be unavailable at certain times over the weekend as the airline will be upgrading its system. In a statement today, AirAsia said it will be upgrading its Navitaire New Skies reservation system as part of its ongoing effort to improve its guest ...
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AirAsia serves RM480m claim on Malaysia Airports

31 Jan 2019 - The Star Online
KUALA LUMPUR: AirAsia has served a notice on Malaysia Airports Holdings Bhd 's unit (MAHB) Malaysia Airports (Sepang) Sdn Bhd (MASSB), claiming almost RM480mil for losses incurred from operating at klia2. In a statement issued on Thursday, the low-cost carrier estimate its losses totalling RM479.78mil ...
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AirAsia's operating statistics remain encouraging, says PublicInvest

29 Jan 2019 - The Star Online
KUALA LUMPUR: AirAsia Group Bhd's 4QFY18 operating statistics were above expectations, according to PublicInvest research. The research house maintained its earnings forecast and outperform call on the counter with an unchanged target price of RM4.14 pegged at 13x FY19F earnings per share.
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