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BRIEF-Airasia Group Bhd Posts Qtrly Net Profit Of 17.9 Mln RGT

Published 08/28/2019, 06:28 PM
Updated 08/28/2019, 06:30 PM
BRIEF-Airasia Group Bhd Posts Qtrly Net Profit Of 17.9 Mln RGT
CAPI
-

Aug 28 (Reuters) - Airasia Group Bhd AIRA.KL :
* QTRLY NET PROFIT 17.9 MILLION RGT
* QTRLY REVENUE 3.14 BILLION RGT
* FOR AIRLINE BUSINESS, LOAD FACTORS FOR THE REST OF 2019 IS
EXPECTED TO REMAIN STRONG
* 2019 FARES ARE EXPECTED TO HOLD FOLLOWING THE 1H19 TRENDS
* HEDGED 70% & 85% OF CO'S FUEL REQUIREMENT FOR 3Q & 4Q 2019
AT
AVERAGE BRENT HEDGE PRICES OF US$62/BBL & US$60.77/BBL
RESPECTIVELY
* THIS YEAR, CO PLANNED FOR A NET FLEET GROWTH OF 20
AIRCRAFT
ACROSS OUR AOCS
* EXPECT TO RECEIVE FIRST A321NEO IN NOVEMBER
* YEAR AGO QTRLY NET PROFIT 361.8 MILLION RGT, QTRLY REVENUE
2.62
BILLION RGT
* BOARD REMAINS POSITIVE THAT THE OVERALL CORE RESULTS OF
THE
GROUP IN 2019 WILL BE BETTER THAN 2018

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

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