AirAsia ' Raising Fuel Surcharge By 30-50% Market Perform
News Update
'' AirAsia has raised its fuel surcharge by 30-50% to 'offset the constant high jet fuel prices which has been trading at an average of US$136/bbl in Mar 2012'.
'' AirAsia expects to recoup an additional US$5/bbl of the fuel bill with the fuel surcharge hikes.
'' Fair value is RM3.72. Maintain Market Perform.Source: RHB Research - 28 March 2012