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BRIEF-AirAsia Group Posts Qtrly Net Profit Of 96.1 Million RGT

Published 05/29/2019, 06:14 PM
Updated 05/29/2019, 06:20 PM
BRIEF-AirAsia Group Posts Qtrly Net Profit Of 96.1 Million RGT
CAPI
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May 29 (Reuters) - Airasia Group Bhd AIRA.KL :
* SPECIAL DIVIDEND OF 90 SEN PER SHARE
* QTRLY NET PROFIT 96.1 MILLION RGT VERSUS 1.14 BILLION RGT
* QTRLY REVENUE 2.88 BILLION RGT VERSUS 2.56 BILLION RGT
* OVERALL CORE RESULTS OF GROUP IN 2019 WILL BE BETTER THAN
2018.
* FOR THE AIRLINE BUSINESS, LOAD FACTORS FOR THE REST OF
2019 ARE
SHOWING STRONG MOMENTUM
* PLANNED FOR A NET FLEET GROWTH OF 18 AIRCRAFT ACROSS AOCS
* TO MINIMISE FUEL PRICE VOLATILITY, WE HAVE HEDGED 52%-57%
OF
FUEL REQUIREMENT FOR 2Q-4Q19 AT AVERAGE BRENT HEDGE PRICES OF
US$61-64/BBL
* SUBSTANTIAL NUMBER OF AIRCRAFT BOUND FOR AIRASIA INDIA,
EXPECT
TO SEE SOME CHANGES IN INDIA'S OPERATING LANDSCAPE IN NEAR
FUTURE
* LOOKING TO ADD 2 AIRCRAFT IN INDONESIA TO FURTHER DEVELOP
DOMESTIC TOURISM
* BIGPAY WILL BE ROLLED OUT IN MULTIPLE MARKETS IN ASEAN
WITH THE
TARGET TO GET A EMONEY LICENSE IN SINGAPORE IN 2019.

Source text https:// company coverage: AIRA.KL

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