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Wednesday, April 7, 2010 as of 11:14 AM ET

AirAsia

    AirAsia Berhad () is a Malaysian-based low-cost airline. AirAsia is Asia's largest low-fare, no-frills airline and a pioneer of low-cost travel in Asia.

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    Get updates on AirAsia
    AirAsia 1Q Net Profit Rises Marginally As Fuel Costs Continue To Hurt

    AirAsia Bhd (5099.

    KU), Southeast Asia's largest budget airline by fleet size, Wednesday said its fiscal first quarter net profit rose marginally as higher fuel costs offset gains in number of passengers carried.Net profit for the quarter ended March 31 rose to MYR172.4 million, from MYR171.9 million a year earlier, the low-cost carrier said in an exchange filing with Bursa Malaysia. Revenue rose 11% on year to MYR1.17 billion from MYR1.05 billion.During the quarter, AirAsia's fuel expenses rose 17% to MYR442.3 million from MYR376.5 million."Based on the current forward booking trend, underlying demand in the second quarter remains positive," Group Chief Executive Tony Fernandes said in a statement."We are monitoring fuel prices very closely and the moment we perceive an opportunity, we will not hesitate to add to our hedges based on our forward bookings," he added.AirAsia carried 4.82 million passengers in the first quarter of 2012, up from 4.32 million a year earlier, while its load f...

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    1. AirAsia : Carried 4.82 Million Passengers In 1Q Vs 4.32 Million A Year Earlier

      AirAsia Bhd. (5099.KU), Southeast Asia's largest budget airline by fleet size, said Thursday it carried 4.82 million passengers in the first quarter of 2012, up from...

    2. Thai AirAsia : Expect Parent Company To List On Thai Bourse In May

      Budget carrier Thai AirAsia expects the listing of Asia Aviation, a holding firm that owns 51% of the airline, to take place in May, Chief Executive Tassapon Bijleve...

    3. AirAsia X: To Suspend Services To Christchurch, New Zealand

      AirAsia X, the long-haul low-cost affiliate of AirAsia Bhd . (5099.KU), said Monday it would suspend its services to Christchurch, New Zealand to focus on its core m...

    4. Indonesia's Lion Air Confirms Boeing Plane Order Worth $22.4 Billion

      Boeing Co. (BA) Tuesday said Indonesian carrier Lion Air has confirmed an order for 230 planes at a list price of $22.4 billion--the largest commercial-aircraft deal...

    5. Airline Executives Place High Bets On Asia

      Aviation industry leaders on Monday placed their bets on Asia to support the industry plagued by rising fuel costs and slowing demand in the West, and continued to m...

    6. Boeing Executive Say Growing Airline Market Can Accommodate Rise Of More Major Manufacturers

      Long-term growth in the global airline industry can accommodate the emergence of more major aircraft manufacturers even as Boeing Co. (BA) and European builder Airbu...

    7. AirAsia Names Andrew Littledale Group Chief Financial Officer

      AirAsia Bhd . (5099.KU), Southeast Asia's largest discount carrier by fleet size, said Monday it has appointed Andrew Littledale group chief financial officer, with ...

    8. INTERVIEW: Airbus Expects Asia's Low-Cost Market To Account For 30% Of Seat Capacity In 20 Years

      Low-cost carriers in Asia-Pacific will continue their rapid growth over the next two decades and account for as much as 30% of industry capacity measured by number o...

    9. AirAsia Philippines Secures License To Operate

      The Civil Aviation Authority of the Philippines on Monday granted AirAsia Philippines Inc. a license to operate in the country and fly to Singapore, Hong Kong, Macau...

    10. Thai AirAsia CEO: IPO Application Still On Track

      Budget carrier Thai AirAsia said Friday its plan to apply in the current quarter to launch an initial public offering to raise at least $150 million remains on track...

    11. AirAsia Carried 4.85 Million Passengers In 4Q Vs 4.44 Million Year Earlier

      AirAsia Bhd (5099.KU), Southeast Asia's largest budget airline by fleet size, said Monday it carried 4.85 million passengers in the final quarter of 2011, up from 4....

    12. AirAsia Says Seeking Advice On Australian Regulator Legal Action

      AirAsia Bhd (5099.KU) said Wednesday it is seeking legal advice after Australia's consumer watchdog launched legal action against the airline claiming it displayed m...

    1. Asia Aviation Sets Thai IPO Price At THB3.70/Share, Raising Up To THB4.48 Billion

      Asia Aviation PCL, a holding firm that owns a 51% stake in budget carrier Thai AirAsia, Tuesday priced the initial public offering shares of the Thai airline at THB3...

    2. Asia Aviation To Float 1.21 Billion Shares Via Thai IPO

      Asia Aviation PCL, a holding firm that owns a 51% stake in budget carrier Thai AirAsia, said Thursday it will offer 1.21 billion shares through an initial public off...

    3. Weak Demand Forces Singapore Airlines To Suspend Services To Athens, Abu Dhabi

      Singapore Airlines Ltd. (C6L.SG), which just reported its first quarterly loss in two years, said Wednesday it will suspend flights to Abu Dhabi in the United Arab E...

    4. Khazanah Nasional To Reverse Share Swap With AirAsia ,Malaysian Airline Hlders

      Khazanah Nasional Bhd, the investment holding arm of the Malaysian government, said Wednesday it will unwind a share swap agreement involving Malaysian Airline Syste...

    5. Malaysian Airline: Tony Fernandes, Kamarudin Meranun Resign As Directors

      Malaysian Airline System Bhd. (3786.KU) said Wednesday Tony Fernandes and Kamarudin Meranun of AirAsia Bhd (5099.KU) have resigned from the flag carrier's board of d...

    6. Malaysian Airline, AirAsia Shareholders To Cancel Share-Swap Pact Signed Last Year - Source

      Shareholders of national carrier Malaysian Airline System Bhd. (3786.KU) and low-cost airline AirAsia Bhd. (5099.KU) have decided to cancel a share-swap agreement si...

    7. Malaysian Airline, AirAsia Shares Suspended Pending Announcement

      Shares in national carrier Malaysian Airline System Bhd. (3786.KU) and low-cost airline AirAsia Bhd. (5099.KU) were suspended from trading Wednesday pending an annou...

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