Value Investor Research

ECM: AirAsia: Big jump in AirAsia X revenue on positive growth, affordable fares

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Publish date: Thu, 16 Feb 2012, 11:21 PM
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AirAsia X's FY11 revenue jumped 45% y-o-y to RM1.9bn, due to positive growth for load factor and average fares, according to chief executive Azran Osman Rani. According to Azran this demonstrates the resilience of the low-cost long haul model, and underpins AirAsia X's recently announced 2012 route network strategy to focus on building a stronger presence in its core markets. (Starbiz)
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