AirAsia posts lower Q4 net profit

Publish date: Thu, 23 Feb 2012, 10:03 AM
AirAsia Bhd, the region's biggest budget carrier, dropped 1.9 per cent to RM3.58 as of 9:50 a.m. in Kuala Lumpur, bound for its lowest close since Jan. 31.

The airline's fourth-quarter net income slid to RM135.7 million (US$44.8 million) from RM311.1 million a year earlier due to higher fuel costs, it said in a statement. -- Bloomberg


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lotsofmoney

Luckily it did not follow the path of air australia and the Indian budget airline ( which had never made any profit from the start!).

2012-02-23 14:27

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