NVDA gained a massive 197% since our AI first added it in November - is it time to sell? 🤔Read more

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

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.